转载福布斯：巴菲特重仓股即将公布年报。
2012-01-19 10:28阅读：
1/13/2012 @ 3:49下午 |2,732 views
Warren Buffett's Big Earnings Week
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With earnings season kicking into high gear, dozens of companies
from across the market spectrum are slated to step up to the plate
in the coming week.
In their reports, these firms will provide important insights into
how they fared over the past three months as well as what they
expect to see as we progress further into 2012.
Fans of
Warren Buffett
should have their eyes set on the earnings calendar in the coming
days as a number of the investor’s top portfolio holdings take the
spotlight
. While, given his long- term investing horizon, a single quarter’s
showing will likely do little to impact Buffett’s investment
decisions, these showings will be interesting to watch for his
followers.
Wells
Fargo (WFC) will kick off the week’s festivities when it
releases its report on Tuesday. For decades, the California-based
financial titan has been a staple of the
Berkshire
Hathaway (BRK.A) investment portfolio. Currently, the firm is
the third largest holding, representing a nearly 15% slice of its
assets.
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It has taken its lumps along with the rest of the financial sector
as macroeconomic headwinds have continued to weigh heavily on
investor confidence. However, the air surrounding Wells heading
into next week appears relatively optimistic. A report from
Bloomberg notes that the institution could see its 2011 profit
growth more than quadruple the increase seen by JPMorgan
(JPM).
In the past, Wells Fargo has been praised by Buffett and others for
its relatively risk-averse business strategy. For instance, the
firm is unique in that it lacks a large investment banking
division. This quality has boded well for the company as other
banking institutions have battled against extreme market
volatility.
In the second half of the week,
American
Express (AXP) reports. AXP is a major Buffett holding,
accounting for over 11% of the Berkshire portfolio. While AmEx has
spent a long time in Buffett’s sights, the billionaire investor has
increasingly expanded his exposure to card companies over the past
year. Today,
MasterCard (MA)
and Visa (V) can also be found in his legendary portfolio.
The final quarter of the year is traditionally a busy one for
consumers as mobs head to shopping centers and log into online
accounts in order to fulfill holiday wish lists. Analysts
highlighted in a recent Wall Street Journal report note that
improving confidence on the part of the consumer has helped boost
revenue growth expectations for the credit card industry. During
the second half of the week, investors will find out if AXP lives
up to those expectations.
On the same day that American Express releases its report,
investors can expect to learn how Buffett’s newest and perhaps most
surprising 2011 newcomer fared in the waning weeks of 2011.
International Business Machines (IBM) is on tap for Thursday, along
with fellow Berkshire Hathaway newbie Intel (INTC). Thanks to an
$11 billion investment, the former has become the second largest
Berkshire Hathaway position, trumped only by Coca-Cola (KO).
Despite his recent interest in IBM and Intel, Buffett is far from a
technophile. In the past he has expressed his concern with the
information technology sector, claiming that this market corner
boast contrasting qualities to the “sure-thing” industries he has
relied on in the past. In explaining his unwillingness to venture
into Apple (AAPL), Buffett noted that he struggles to confidently
foresee what is ahead for the firm.
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