July 18, 2018 Dow gained +79 points to 25,200 while Nasdaq remained almost unchanged, but the market still produced some interesting winners and losers today.
One of the huge winners was Berkshire Hathaway (BRK-A) that gained +5% to $303,210 per share and almost $50 billion in capitalization gain in just 1 day, because Warren Buffet announced more repurchases of its own stock soon. Another winner was United Airlines (UAL) that gained +8% to $79 per share due to a record profit forecast for 2018 and also reduction in new airplane purchases because of skyrocketing fuel costs.
One of the big losers today was Clorox (CLX) that declined by -4% to $128 per share when Goldman Sachs downgraded the company saying it is overvalued, earnings are at risk and pricing headwinds can reduce revenue. Another big loser was Twitter (TWTR) that lost -3% to $43.34 per share after it was discovered that tens of millions of Twitter accounts are fake and used to promote bad products with artificially created popularity via thousands of likes and comments coming from fake accounts.