Last week, major stock indices in Europe and America collectively closed higher. From the perspective of market trading trends, Berkshire Hathaway, a subsidiary of Warren Buffett, has recently continued to buy VeriSign, an Internet infrastructure service company, and as of last Friday, it has held nearly 2.7 billion dollars of shares in the company. Berkshire Hathaway has recently further increased its holdings of Western oil.
In terms of the commodity market, the international gold price slightly fell last week, while the international oil price rose. Looking ahead, institutions continue to be optimistic about the upward elasticity of gold, and geopolitical conflicts provide some short-term support for oil prices.
Berkshire Hathaway continues to make moves
The latest document disclosed on the official website of the SEC (Securities and Exchange Commission) shows that Berkshire Hathaway, owned by the "stock god" Warren Buffett, has recently frequently increased its holdings in VeriSign. On December 20th, December 23rd, and December 24th, Berkshire Hathaway spent a total of $28.55 million to purchase 143424 shares of VeriSign. Adding to the previously acquired shares, Berkshire Hathaway currently holds 13.7% of VeriSign's issued shares, with a total market value of nearly $2.7 billion.
According to the Form 4 document submitted by Berkshire Hathaway, they started buying VeriSign 10 days ago, on December 20th. According to the data, VeriSign, as an Internet infrastructure service company, in the third quarter of this year, its gross profit margin reached 88.02%, operating profit margin was 71.25%, and net profit margin was 51.54%, ranking among the companies in the S&P 500 Index.
From the perspective of secondary market performance, VeriSign has shown a deep "V" oscillation trend overall since the beginning of this year. Although the company's stock price has continued to rebound in the past seven months and reached a new high on December 27th local time, the company's stock price has still fallen by 0.98% so far this year, far behind the 25.18% increase of the S&P 500 index this year.
At the same time as its recent purchase of VeriSign, Berkshire Hathaway is also increasing its holdings in Western Petroleum, investing $409 million in nearly 9 million shares from December 17th to December 20th. However, compared to VeriSign, Western Petroleum has performed even worse this year, with a cumulative stock price decline of over 17% so far this year.
Major stock indices in Europe and America have risen
Based on the overall performance of overseas markets last week, the three major US stock indices experienced a slight rebound after several weeks of continuous decline, and major European stock indices also rose. Data shows that as of the close of December 27th local time, the Dow Jones Industrial Average, Nasdaq, and S&P 500 index have risen by 0.35%, 0.76%, and 0.67% respectively for the week; The FTSE 100 index in the UK, the CAC40 index in France, and the DAX index in Germany rose 0.81%, 1.11%, and 0.50% respectively for the week.
In terms of the commodity market, the international gold price continued its recent downward trend last week, but the decline narrowed compared to the previous week. COMEX gold futures price and London gold spot price fell by 0.33% and 0.04% respectively last week; In terms of international oil prices, the main contracts for NYMEX crude oil futures and ICE Brent crude oil futures rose by 1.15% and 1.46% respectively last week, but they have continued to maintain a range oscillation trend in the near future.
Regarding the trend of the US stock market, Huaxi Securities believes that due to its overall high valuation and the need for further digestion, it is expected that the US stock market will still be prone to fluctuations in the near future, and the technology growth industry in the US stock market will be prone to some differentiation and adjustment; Considering the weak European economy, it is expected that important market indices in Europe will continue to fluctuate in the near future.
For gold, Guosheng Securities continues to be optimistic about its anti inflation products and the upward elasticity of its role as a substitute for US dollar assets. The increase in gold holdings by global central banks is expected to continue, with non speculative positions providing support for gold prices. In the long run, gold prices will continue to benefit from the dual logic of the Federal Reserve's interest rate cuts and inflation premiums.
Regarding oil prices, Ping An Securities believes that OPEC+voluntary production cuts will be postponed again to alleviate supply pressure, and coupled with ongoing geopolitical conflicts, there is a possibility of short-term warming, which will provide some support for oil prices.
Former US President Jimmy Carter has passed away
According to Xinhua News Agency on December 30th, the Carter Center in the United States issued a statement on December 29th stating that former President Jimmy Carter passed away at his home in the southeastern state of Georgia at the age of 100.
Carter served as the 39th President of the United States from 1977 to 1981, during which diplomatic relations between China and the United States were officially established. During his tenure, he also facilitated the signing of the Camp David Accords between Egypt and Israel, which was of significant importance in the Middle East peace process.
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