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Market Data Table

Breakfast News: Berkshire Cash Pile Soars

November 3, 2025

Friday's Markets
S&P 500 6,840 (+0.26%)
Nasdaq 23,725 (+0.61%)
Dow 47,563 (+0.09%)
Bitcoin 109,730 (+2.58%)

1) Insurance Lifts Berkshire Earnings

Berkshire Hathaway (NYSE:BRK.B) posted a 34% year-over-year rise in operating income on Saturday, beating estimates. A calming in the insurance sector helped as natural disasters declined, with underwriting income more than tripling. The stock is up around 1.5% in pre-market trading today.

Cash pile soars even higher: The quarter ended with nearly $382 billion in cash and equivalents, with Berkshire expected to have been a net seller of stocks while again not buying back any shares.
"This will be the last quarterly report issued while Warren Buffett is still CEO": Fool contributing analyst Matt Frankel noted that at Q4 time, "Greg Abel will have taken over as CEO (and will be writing the much-anticipated annual letter to shareholders)."

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2) Another Busy Earnings Week

Stock Advisor recommendation Advanced Micro Devices (NASDAQ:AMD) reports Tuesday, after soaring on last month's news of a multibillion-dollar deal with OpenAI. Fintech platform Upstart (NASDAQ:UPST) posts the same day, with hopes high after revenue doubled in Q2.

Beating the S&P 500 by 96% since 2024 Hidden Gems rec: Wednesday brings the latest from Unity Software (NYSE:U) following a 59% jump in Q2 free cash flow. The same day brings an update from Paycom (NYSE:PAYC) after a 10.5% revenue rise last time.
Watch for signs of slowing growth in North America: At Q2 time, Rule Breakers rec Airbnb (NASDAQ:ABNB) offered Q3 revenue guidance of between $4.02 billion and $4.10 billion, though margins look like they're tightening a bit as the company raises investment. We'll know more on Thursday.

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3) More Q3 Results From Fool Favorites

Shopify (NASDAQ:SHOP) will report on Tuesday morning. Management expects a mid- to high-twenties percentage rise in revenue year over year, following a 31% increase in the second quarter.

Superscore of 91 on our Moneyball database: We'll have earnings from cloud provider Arista Networks (NYSE:ANET) on Tuesday afternoon. On the back of a 30% year-over-year revenue rise to $2.21 billion in Q2, the company expects approximately $2.25 billion this quarter.
"We think that The Trade Desk's open-internet approach can exist alongside the walled gardens of rivals": Fool analyst Jason Moser remained upbeat after The Trade Desk (NASDAQ:TTD) stock slumped on the back of Q2 earnings. Eyes peeled for Thursday's Q3 report.

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4) The Week in Economics Recs Report

We're due important economic updates -- and will miss some -- following an uncertain week heading into earnings season. The S&P 500 edged up 0.7% on the week as the Nasdaq gained 2.2%. In October, the indexes rose 2.3% and 4.7%, respectively.

Institute for Supply Management (ISM) latest: The October ISM manufacturing print is due this morning, followed by ISM services on Wednesday. Over 50 indicates expansion, with under 50 meaning contraction. Last month showed 49.1% and 50.0%, respectively.
Silenced by government shutdown: Following U.S. trade deficit and productivity updates due Tuesday and Thursday, respectively, the calendar had key October jobs data down for Friday -- all now delayed.

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5) Your Take

TMF co-founder David Gardner is well-known for advising investors to "make your portfolio reflect your best vision for our future." Over the course of time, you see a better world as each of those companies prospers.

Explain to friends or family why a stock you own reflects your best vision for the future, or become a member to hear what your fellow Fools are saying!

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