Zacks Value Trader Highlights: Berkshire Hathaway, Taiwan Semiconductor, Louisiana-Pacific, Chevron and Occidental Petroleum – Yahoo Finance

Chicago, IL – November 21, 2022 – Zacks Value Trader is a podcast hosted weekly by Zacks Stock Strategist Tracey Ryniec. Every week, Tracey will be joined by guests to discuss the hottest investing topics in stocks, bonds and ETFs and how it impacts your life. To listen to the podcast, click here: (
Welcome to Episode #306 of the Value Investor Podcast.
(0:30) – Value Investing On The Rise: Is It Warren Buffett’s Time To Shine?
(6:45) – Breaking Down Berkshire Hathaway's Current Performance: What Are They Buying?
(24:00) – Episode Roundup: BRK-B, TSM, LPX, CVX, CE, RH, ALLY, SHW, UNP
Every week, Tracey Ryniec, the editor of Zacks Value Investor portfolio, shares some of her top value investing tips and stock picks.
The 13-Fs are out for the third quarter. Remember, these are the SEC forms that the big money managers have to file 45 days after the end of the quarter which indicate what they have bought, or sold, during the prior quarter.
We don't know when they bought or sold, or at what price, but we do know how big the position was and how many shares were sold.
The Value Investor Podcast always checks in on Berkshire Hathaway's 13-F. In some quarters, Warren Buffett and his two lieutenants have done very little buying or selling. But with stocks selling off, and some deals out there in 2022, Berkshire has been more active.
Q3 was no different.
Many value investors like to mimic the trades in Berkshire's portfolio.
But in 2022, with value stocks back in favor, some investors are asking whether or not they shouldn't just buy Berkshire Hathaway's stock itself?
Is it a deal?
1.       Berkshire Hathaway (BRK.B)
Berkshire Hathaway is more than just the stock portfolio and cash. It owns 62 companies including Dairy Queen, BNSF railroad, Duracell and Benjamin Moore, among others.
Shares of Berkshire Hathaway are up 2.8% year-to-date which is outperforming the S&P 500 which is down 17%. Over the last 5 years, it has also outperformed, gaining 70% versus the S&P's gain of 54.8%.
But I'm sorry to tell value fans that Berkshire Hathaway isn't a cheap stock. It trades with a forward P/E of 22.3. It also has a PEG ratio of 3.2. A PEG under 1.0 indicates value.
Purely looking at Berkshire on a valuation basis, it probably shouldn't be on the short list.
Is it worth the premium?
2.       Taiwan Semiconductor TSM
In the third quarter, Berkshire added shares of Taiwan Semiconductor to the portfolio for the first time. It was a sizable position that puts it in as the 10th largest in the portfolio.
Taiwan Semiconductor has an attractive P/E at 12.9. It also pays a dividend yielding 1.7%.
Shares of Taiwan Semiconductor are down 32% year-to-date but they've rallied 27% in the last month, after Berkshire had bought in.
Did Buffett buy at the lows?
3.       Louisiana-Pacific Corp. LPX
Louisiana-Pacific, the buildings product company which makes items for the residential construction industry, was also added to Berkshire's portfolio for the first time in the third quarter. It's just a small position, of only 0.1% of the portfolio.
Shares of Louisiana-Pacific have fallen 21% year-to-date. They're dirt cheap, with a forward P/E of just 5.2.
But are they a trap? Louisiana-Pacific is expected to see earnings decline 12.2% this year and 57.7% next year.
4.       Chevron Corp. CVX
Buffett went all in on Chevron earlier in 2022 but Berkshire added another 2% to the position in the third quarter. Berkshire now owns 8.49% of the company.
Shares of Chevron are up 57% year-to-date but they're still cheap, with a forward P/E of 9.8. In the third quarter, the shares had pulled back, so it's not surprising that Berkshire added to its position.
Chevron pays a dividend of 3.1%.
Should you be betting big on Chevron, even after the rally, as Buffett appears to be?
5.       Occidental Petroleum Corp. OXY
Like with Chevron, Berkshire started aggressively buying Occidental Petroleum earlier this year. But in the third quarter, it jumped in even further, establishing an $11.9 billion position. Berkshire now owns 20.74% of Occidental.
Shares of Occidental Petroleum are up 146.7% year-to-date but remain cheap with a forward P/E of 7.5.
Occidental has been paying down debt with some of its big free cash flow this year but it still pays a base dividend yielding 0.7%.
Berkshire keeps diving into Occidental Petroleum. Should you?
Tune into this week's podcast to find out.
Why Haven't You Looked at Zacks' Top Stocks?
Our 5 best-performing strategies have blown away the S&P's impressive +28.8% gain in 2021. Amazingly, they soared +40.3%, +48.2%, +67.6%, +94.4%, and +95.3%. Today you can access their live picks without cost or obligation.
See Stocks Free >>
Tracey Ryniec is the Value Stock Strategist for She is also the Editor of the Insider Trader and Value Investor services. You can follow her on twitter at @TraceyRyniec and she also hosts the Zacks Market Edge Podcast on iTunes.
About Zacks is a property of Zacks Investment Research, Inc., which was formed in 1978. The later formation of the Zacks Rank, a proprietary stock picking system; continues to outperform the market by nearly a 3 to 1 margin. The best way to unlock the profitable stock recommendations and market insights of Zacks Investment Research is through our free daily email newsletter; Profit from the Pros.  In short, it's your steady flow of Profitable ideas GUARANTEED to be worth your time!  Click here for your free subscription to Profit from the Pros.
Follow us on Twitter:
Join us on Facebook:
Zacks Investment Research is under common control with affiliated entities (including a broker-dealer and an investment adviser), which may engage in transactions involving the foregoing securities for the clients of such affiliates.
Media Contact
Zacks Investment Research
800-767-3771 ext. 9339
Past performance is no guarantee of future results. Inherent in any investment is the potential for loss.This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit information about the performance numbers displayed in this press release.

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Chevron Corporation (CVX) : Free Stock Analysis Report
Occidental Petroleum Corporation (OXY) : Free Stock Analysis Report
Berkshire Hathaway Inc. (BRK.B) : Free Stock Analysis Report
LouisianaPacific Corporation (LPX) : Free Stock Analysis Report
Taiwan Semiconductor Manufacturing Company Ltd. (TSM) : Free Stock Analysis Report
To read this article on click here.
Zacks Investment Research
Related Quotes
Is it time to bet on a turnaround?
If you're looking to generate passive income, AT&T's stock provides a healthy dividend payment.
With U.S. stocks down more than 20% so far this year, investors are looking for some good news – and it may be coming from a prominent Wall Street analyst who says the current bear market could come to an … Continue reading → The post Top Morgan Stanley Strategist Says This Is When the Bear Market ‘Will Be Over Probably' appeared first on SmartAsset Blog.
Nio (NYSE: NIO) pleased investors with its forward projections when it reported third-quarter earnings a month ago. When Nio announced its quarterly results on Nov. 10, it told investors vehicle deliveries increased almost 30% year over year. Today, Li Auto (NASDAQ: LI) said it also expects to deliver up to 48,000 EVs in its fourth quarter.
Finding the right stock is the key to successful investing, but it’s never as easy as that sounds. The answer to the question, which stock to buy? is no secret, but it is hidden, in the avalanche of data that the markets produce. What’s needed is some clear signal that will cut through the noise and indicate the right stocks for the times. The quantity of data, and the sheer impossibility of parsing all of it in real time, makes a formidable barrier to successful stock picking – but Wall Street’
Growth stocks have been hit especially hard this year, but their long-term investment thesis hasn't changed. Shopify (NYSE: SHOP), Roku (NASDAQ: ROKU), and Nvidia (NASDAQ: NVDA) are three downtrodden companies that look like excellent buying opportunities for investors willing to hold them for the next decade and beyond. What makes these companies appealing is their position in industries due for explosive growth in the coming years.
Elon Musk has praised his competitors but never hidden his competitive edge. And he just tweeted out that edge in a big way.
Kinder Morgan (NYSE: KMI) gave investors a glimpse into what they should expect in the coming year by unveiling its preliminary financial expectations for 2023. Management expects Kinder Morgan to generate $7.7 billion in adjusted EBITDA next year. Growth drivers include rising volumes at its refined product and gathering and processing businesses, higher rates as it recontracts its Jones Act tankers, and expansion projects coming into service.
BlackRock warned investors to expect a recession, persistent inflation, and an era that requires a more “nimble” approach in its 2023 Global Outlook this week.
This high-profile mortgage REIT hasn't worked out as well as most dividend investors may have hoped over the past decade.
The stock market is down dramatically in 2022. That's great news for buyers, who can pick up fantastic stocks at bargain-bin prices these days.
U.K.-based fintech Paysafe (NYSE:PSFE) had a lousy time on the U.S. exchange at the end of the week. Just after market close on Thursday, Paysafe announced that its board of directors has approved a reverse stock split. The company will reverse-split its common shares at a ratio of one new share for every 12 existing ones.
Buy and hold forever? Not always.
Despite its recent disappointing quarterly results, the company is innovating to make up for slow earnings
Greed and bad decisions have left the once-booming Bitcoin mining industry reeling.
CEOs of public companies rarely take public swipes at competitors, but that is what Tesla chief Elon Musk did regarding Lucid Group on Friday. Musk responded to a tweet about Lucid (ticker: LCID) offering new purchase incentives for some of its cars with a seven-word bomb: “They are not long for this world.” Tesla (TSLA) and Lucid didn’t immediately respond to requests for comment about the tweet or discounts.
The battery innovator is making progress on its lithium-metal batteries, but it still has a couple of years to go before it could start booking meaningful revenue.
The company's main product — Bitcoin — isn't exactly popular just now, and it didn't mine as much last month as it hoped to.
The stock market bulls were overwhelmed late Friday amid disappointing inflation data. It comes ahead of a pivotal Federal Reserve meeting.
CEO Michael McCaffrey has resigned as a result of the loans coming to light, The Block confirmed.


Related Posts

Anne Hathaway, Jeremy Strong, Anthony Hopkins form a Jewish film … – The Jerusalem Post

Anne Hathaway, Jeremy Strong, Anthony Hopkins form a Jewish film …  The Jerusalem Postsource

Berkshire Hathaway: Warren Buffett further unwinds BYD investment … – CNN

Berkshire Hathaway: Warren Buffett further unwinds BYD investment …  CNNsource

Berkshire Hathaway Inc. Cl B stock underperforms Tuesday when compared to competitors – MarketWatch

Shares of Berkshire Hathaway Inc. Cl B BRK.B slipped 0.31% to $305.55 Tuesday, on what proved to be an all-around mixed trading session for the stock market,…

Donald S. Hathaway Jr. – Ocala News

Donald S. Hathaway Jr. passed away on his 61st birthday, Tuesday November 15, 2022.Don grew up in New Vernon, NJ and attended Bayley Ellard high school. After…

Anne Hathaway tells 'The View' that 'abortion can be another word … – Fox News

This material may not be published, broadcast, rewritten, or redistributed. ©2023 FOX News Network, LLC. All rights reserved. Quotes displayed in real-time or delayed by at least…

Anne Hathaway Happy to See 'Level of Excitement' Surrounding The Princess Diaries 3 – MovieWeb

Hathaway has not confirmed participation in the third installment of the film series but is ‘thrilled’ with the fan response.Anne Hathaway is just as excited as fans…

Leave a Reply

Your email address will not be published. Required fields are marked *