Daily Stock Market Report (Tue 5th May 2026) - RWS, GMS, ASAI, RBN, PLUS, HSBA, AEP
Good morning!
There are few major overnight moves to report.
Brent crude is a little lower at $113.50.
UK natural gas futures are up 7% to 119p (the pre-war price was 75p).
The FTSE is set to open at c. 10,270.
In company news, I enjoyed watching interviews with Warren Buffett and Greg Abel over the weekend (disclosure: I'm long Berkshire Hathaway (NYQ:BRK.B)). Berkshire Hathaway's Annual Shareholder Meeting was on Saturday.
Buffett is still sharp at 95, and Greg Abel seems to inspire a lot of confidence. But they always say that you should watch what an investor does, more than you listen to what they say. Berkshire Hathaway, with a market cap of $1 trillion, holds record cash reserves of $380 billion. If, like me, you think the US is still overheated, this should help to confirm your prior belief! Others will view this as an unacceptable degree of cash drag. I would point out that there are plenty of other funds and vehicles to choose from if you don't want any cash drag!
That's all for today, see you tomorrow! Spreadsheet accompanying this report: link.
Companies Reporting
Name (Mkt Cap)RNSSummaryOur view (Author)HSBC Holdings (LON:HSBA) (£234bn | SR70)Earnings Release 1Q26Pre-tax profit down...
There are few major overnight moves to report.
Brent crude is a little lower at $113.50.
UK natural gas futures are up 7% to 119p (the pre-war price was 75p).
The FTSE is set to open at c. 10,270.
In company news, I enjoyed watching interviews with Warren Buffett and Greg Abel over the weekend (disclosure: I'm long Berkshire Hathaway (NYQ:BRK.B)). Berkshire Hathaway's Annual Shareholder Meeting was on Saturday.
Buffett is still sharp at 95, and Greg Abel seems to inspire a lot of confidence. But they always say that you should watch what an investor does, more than you listen to what they say. Berkshire Hathaway, with a market cap of $1 trillion, holds record cash reserves of $380 billion. If, like me, you think the US is still overheated, this should help to confirm your prior belief! Others will view this as an unacceptable degree of cash drag. I would point out that there are plenty of other funds and vehicles to choose from if you don't want any cash drag!
That's all for today, see you tomorrow! Spreadsheet accompanying this report: link.
Companies Reporting
Name (Mkt Cap)RNSSummaryOur view (Author)HSBC Holdings (LON:HSBA) (£234bn | SR70)Earnings Release 1Q26Pre-tax profit down...