新闻和分析

Berkshire Hathaway, the holding company founded years ago by the "Oracle of Omaha", legendary Warren Buffett, has once again reset its all-time high. Berkshire's stock price has broken historical records as much as three times during this month, while the broad S&P 500 barometer of Wall Street, as well as the tech-heavy Nasdaq Composite, continued to plummet. A remarkable reference, Buffett company's market caps has increased by more than 50,000% over the past 40 years, significantly outpacing the growth of American and global benchmarks.

He was one of the first buyers of a huge stake in Apple Co, which at some point reached almost 30% of his portfolio, and he was right, but then he began to reduce this share when others were still increasing it. Time has proven right about the further slowdown of Apple's growth in favour of other companies. Buffett has also made headlines from his selling spree before the market corrections started, as Berkshire substantially raised its cash position to over $325 billion as dry powder, and these are just two examples. When Warren Buffett speaks, the market listens.

According to his firm's recent filings, Berkshire decided to increase its share in Japanese stocks. While many investment flows have been replaced out of America, and many traders have been making and discussing purchases of valuable assets in Europe, the indices of the Old World may also be close to peaking values, which is probably not the case in Asia. And when talking about Asia, it's not necessary to think only of heavily regulated China. The iShares MSCI Japan ETF outperformed U.S. indices in mid-March, trading up 6% vs the S&P 500, which is down nearly 3.5% year-to-date.

In particular, Berkshire Hathaway’s subsidiary in Japan, National Indemnity Company, raised its stakes in five of the country's largest trading houses to just below the 10% threshold. Official filings disclosed raising stakes of: Mitsui & Co., Ltd. (increased from 8.09% to 9.82% last month), Mitsubishi Corp. (increased from 8.31% to 9.67%), Sumitomo Corp. (increased from 8.23% to 9.29%), Itochu Corp. (increased from 7.47% to 8.53%), Marubeni Corp. (increase from 8.3% to 9.3%). However, the shares of stocks in certain companies can change dynamically, and the watching crowd will always learn about this after the fact. Investing directly in Berkshire shares seems a more reasonable decision than trying to copy-paste its activities across all markets and continents, which is most likely an impossible task.

Finally, let's just mention here one fundamental principle of Buffett, which apparently is useful for everyone to follow: when we buy a specific stock, we think of it as if we were buying an entire business, which allows us to think like a businessmen, instead of thinking of ourselves as stock speculators. But this does not mean that such a principle would not allow us to earn like speculators in the end.

Dash (DSH) is down 1.2% this week to $22.95, closely mirroring the broader market, where Bitcoin (BTC) remains neutral. Market sentiment worsened after Donald Trump announced tariffs on imported cars and auto parts, alongside reciprocal tariffs on global trade starting April 2. These developments have intensified pressure on risky assets, counteracting the Federal Reserve’s monetary easing efforts.

DSH tested support at $22.00 in early March, rebounding to $25.20 before retreating again. Historically, this level has triggered strong upward moves over the past two years, suggesting it could hold once more. If support remains intact, Dash may be poised for a rally toward $40.00.

With so much attention being paid to Tesla stock a couple of days before, as this Elon Musk's brainchild has just begun to take off after a lasting correction phase, it's high time to look back at Tesla's main Chinese competitor, also involved in the EV and battery business, the BYD Corporation. Besides automobiles and related products, another widely known segment of its activity is production of mobile handset components. If so, it's a well-diversified business. And its stock price, unlike Tesla, reached a fresh historical high on March 20, putting its icing on a 65% growth cake since the beginning of the year. That's impressive, but doesn't promise a long stop on an ascending road.

A small pullback from 426 HKD to just below 400 HKD (all price levels here are from the Hong Kong exchange) has already sparked interest in new purchases, following a clearly bullish earnings release this Monday. In terms of U.S.-listed BYD ADR assets, the company generated $1.42 per share vs the market consensus estimate of $1.09, on record sales of $37.84 billion in the U.S. currency. On March 27 BYD ADR assets added another 2.5% at the Wall St opening, totally unaffected by President Trump's announced plan tonight to implement 25% tariffs on all imported cars and light trucks. The decision is effective next week and put the suffering General Motors (GM) stock sliding more than 6% down, while both Ford (F) and Stellantis (STLA) lost nearly 3%. It is obvious that the American market is not yet an important target niche for BYD, which is reflected in the comparative market dynamics in its favour.

Meanwhile, in the China region, the company is promoting ultra-fast charging capabilities and, including a nationwide charging network of over 4,000 units in mainland China. BYD just unveiled its "super e-platform" with a 1,000-volt architecture, so that it becomes possible to reach its maximum charging speeds up to 1,000 kilowatts to grant its EV cars approximately 400 kilometres of range with just a five-minute charge. A game changing project starts by early April with the first batch of about 500 charging units, which was exactly the reason behind this new upside wave in BYD stock. BYD strongly relies on plug-in hybrids for sales, but increased its efforts in the EV area to compete with Tesla for dominance in Asian markets. For me, both Tesla stock and BYD stock will grow faster in the nearest two or three months, with the next target price for BYD holding well above 450 HKD per share.

Ethereum (ETH) is up 1.8% this week to $2,022, lagging behind the broader crypto market, where Bitcoin (BTC) is rising by 2.6% to $87,403. ETH briefly hit $2,102 on Monday, boosted by optimism surrounding Donald Trump’s tariff policy. However, market sentiment shifted sharply on Wednesday after Trump announced a 25% tariff on U.S. car and auto parts imports, triggering a broad pullback.

Additional pressure on ETH comes from internal challenges related to the troubled Pectra update, which was activated on the Holesky testnet. While these issues are expected to be resolved, they have added to the headwinds facing Ethereum in the near term.