This company hit the $1 trillion mark ??

Welcome to The Sunday Investor!

Last week in a nutshell

1. The first non-tech US company to cross the $1 trillion: Berkshire Hathaway, led by legendary investor Warren Buffett, recently achieved a historic milestone by becoming the first non-tech U.S. company to surpass $1 trillion in market capitalisation.

This achievement places the Omaha-based conglomerate in the elite company of tech giants such as Meta, Alphabet, Nvidia, and Microsoft.

Berkshire beat the S&P

Berkshire Hathaway’s stock surged 30% in 2024, outperforming the S&P 500’s 18% year-to-date gains. This impressive rally added more than $200 billion in market capitalisation, making Berkshire more valuable than companies like Elon Musk's Tesla.

Robust insurance results and optimism about economic growth have driven the company’s strong performance.

What's the big deal?

Berkshire Hathaway’s $1 trillion market capitalisation achievement underscores the power of Buffett’s investment philosophy and the company’s diversified business model.

As the first non-tech U.S. firm to reach this milestone, Berkshire stands as a testament to the success of value investing and long-term growth. With Warren Buffett at the helm and a portfolio spanning industries, Berkshire Hathaway continues to be a powerhouse in the investment world, inspiring millions of global investors.

2. Telegram's in trouble: Pavel Durov, CEO of Telegram, was arrested over allegations of his app being used for drug trafficking. The probe began in India when the Ministry of Electronics & IT observed increased illegal content on the platform.

The Ministry of Home Affairs examined pending complaints against Telegram, particularly concerning allegations of extortion and gambling. The Indian probe adds another layer of complexity to Durov’s legal troubles and highlights the global ramifications of the case.

3. Bank deposit growth has slowed down: In June, bank deposits (excluding HDFC’s merger with HDFC Bank effective from 1 July 2023) grew 10.7%, whereas bank loans grew 13.9%. As of 9 August, bank deposits had shown a yearly growth of 11.7%, whereas bank loans had grown 18.4%.

Bank loans are growing faster than bank deposits, raising concerns. And this isn’t due to increased investments in mutual funds. The RBI is deliberately reducing money creation to manage inflation.

Week in a number

The Markets in a Minute

Indian shares reached record highs early Friday. The NSE Nifty 50 index climbed 0.33% to 25,235.9, while the S&P BSE Sensex rose 0.33% to 82,396.22.

This rise marks Nifty's longest winning streak in 17 years, driven by strong domestic inflows and anticipation of a U.S. rate cut.

Here’s how the markets ended this week.?

Market Mood Index

The Market Mood Index (MMI) is?a market sentiment indicator that reflects the present emotion in the financial market.

According to the index, a score of less than 20 is the high extreme fear zone reflective of extreme fear prevailing in the market. This week the Markets Mood Index shifted from?

Thank you for reading all the way. See you next week! ?

- Stack Wealth team