Berkshire Hathaway, Bath & Body Works, Sony: Stocks In Focus

The market cap of Warren Buffett's Berkshire Hathaway (BRK-B, BRK-A) has crossed over $1 trillion, joining an exclusive club whose membership includes Alphabet (GOOG, GOOGL), Amazon (AMZN), Apple (AAPL), Meta Platforms (META), Microsoft (MSFT), and Nvidia (NVDA).

Bath & Body Works (BBWI) shares slide lower after the fragrance retailer cut its full-year guidance.

Sony's (SONY) is hiking prices on the PlayStation 5 gaming console in Japan by nearly 20%.

For more expert insight and the latest market action, click here to watch this full episode of Morning Brief.

This post was written by Luke Carberry Mogan.

Video transcript

We're taking a closer look at Yahoo Finance's trending tickers here.

We've got Berkshire Hathaway, we've got bath and body works and we've got Tony 30 seconds on the clock.

Let's do all of them.

All right, Berkshire Hathaway shares as of right now, they're fractionally higher by about 7/10 of a percent.

Guess what?

The conglomerate joined the $1 trillion club today.

It's in good company, joining six other companies, mostly a part of the tech sector, surpassing the milestone here.

And even as we're thinking about this, some of the investments that they've made over the past few years and even cozying up to tech a little bit more has really been what's made this possible?

You think about the share, um, the uh state that it's taken in Apple, how that adds to the balance sheet and then also the divestitures of a few key positions as well.

Bank of America being one of them recently, too.

Well done on the timing brad.

All right, I'm gonna try to do the same here.

I'm talking about bath and body works shares sliding to the downside.

They're down over 6% right now.

The open fragrance retail reporting, second quarter sales that missed analyst expectations and slash its full year guidance ceo saying customers so cautious and seeking value, that's a tone.

We've heard a lot throughout the day here.

This comes after shares were down a little over 5% earlier in the day here having said that the analysts reaction is on that lowered net sales guidance implying a worsening in sales and the company is not going to return to growth till 20 25.

My favorite fun fact here, Gen Z putting pressure on names like this as they switch over to brands like beauty outside of the traditional more old school, that body works.

All right.

And from fragrances to games, that's transition Sony shares right now, they are flat higher by about 1/10 of a percent of the gaming giant raising the price of its playstation five in Japan by nearly 20% here.

My goodness PS five still able to have pricing cruises put into this market.

Well, that's what's gonna happen here.

Um But ultimately this comes back to what we're gonna be watching closely within this consumer environment within the Asia Pacific region here.

Um This is like a four year old console that's still able to see price increases.

I haven't been able to get my hands on one.

So uh it's probably gonna get less likely at this price.

Yeah, we love the nostalgia players and the current product plays there.

So good stuff.

For Sony.