U.S. Stocks to Watch: Berkshire Hathaway, Microsoft, Apple, Netflix, Palantir, and More
Stock futures declined Monday after the S&P 500 closed higher on Friday for the ninth session in a row, the index's longest streak of daily gains since November 2004.Berkshire Hathaway's Class B shares were down 2% in premarket trading after Warren Buffett said he would be stepping down as CEO of the conglomerate at the end of the year, with his handpicked successor, Greg Abel, taking the helm. Buffett's bombshell announcement at the company's annual meeting Saturday followed the release of Berkshire's earnings report, in which the company reported first-quarter operating profit of $9.6 billion, down 14% from a year earlier, on reduced insurance underwriting profits and currency losses related to the company's non-dollar debt.Berkshire's cash pile grew to $348 billion at the end of the first quarter, but Buffett, when asked at the annual meeting why he hasn't deployed it yet, suggested the right opportunities haven't come along.Reports are expected later in the week from Advanced Micro