Shares of Berkshire Hathaway Inc. Cl B slumped 0.18% to $285.26 Wednesday, on what proved to be an all-around mixed trading session for the stock market, with the S&P 500 Index rising 0.03% to 4,524.09 and the Dow Jones Industrial Average falling 0.14% to 35,312.53. Berkshire Hathaway Inc. Cl B closed $9.82 below its 52-week high ($295.08), which the company achieved on May 10th.
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- The case for small caps, according to The Hodges Small Cap Fund co-portfolio manager Eric Marshall, The Hodges Small Cap Fund co-portfolio manager, joins ‘Power Lunch’ to discuss why he says now is the time to own small caps. CNBC
- Damage from Ida extensive in Louisiana and Mississippi More than a million people were left without power in Louisiana following the storm. It ravaged the southern U.S., leaving a massive swath of destruction. Officials warned some areas could be without power for up to a month, but Louisiana Governor John Bel Edwards said at a news conference that, “I know I’m not satisfied with 30 days. The Entergy people are not satisfied with 30 days. Nobody who is out there needing power is satisfied with that,” and said he hopes power will be restored quickly. CNBC
- Clean energy transition is a secular growth theme, says analyst Wolfe Research expanded its green playbook and initiated coverage of the clean energy space. Steve Fleishman, Wolfe Research senior analyst, joins ‘Power Lunch’ to discuss why he says this time clean energy should be considered as an investment opportunity. CNBC
Trading volume (3.3 M) remained 432,482 below its 50-day average volume of 3.7 M.