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Berkshire Hathaway Earnings Preview: Can Warren Buffett's Company Maintain Bullish Momentum?

Berkshire Hathaway (NYSE:BRK) (NYSE:BRK) will be reporting its second-quarter earnings on Saturday. Wall Street expects $4.61 in EPS and $81.88 billion in revenues. The stock is up 21% over the past year, and has risen 18% YTD. Warren Buffett‘s Berkshire Hathaway has been reducing its stake in Bank of America Corp (NYSE:BAC), selling shares worth $3.8 billion since mid-July. Between July 30 and Aug. 1, the conglomerate reaped $779 million from selling Bank of America stock, according to a recent regulatory filing. Despite these sales, Berkshire still holds over 942 million shares of the bank, valued at $37.2 billion. Let’s look at what the charts indicate for Berkshire Hathaway stock, and how the stock currently maps against Wall Street ...