Berkshire Hathaway $BRK-B stock did a downtrend channelUptrend and downtrend channel patterns are technical analysis tools used to identify potential future price movements. They are formed by two parallel lines on a chart and can be u... breakout on March 6, 2023. The stock has tough a resistance zone coming up at $318.66 to $321.32.
Chatter is circulating that Berkshire Hathaway’s BNSF Railway will likely benefit from the onshoring movement of corporations relocating businesses from China to Mexico. Mexico is developing into a thriving manufacturing center as more businesses move their operations there from China. The proliferation of warehouse facilities in communities along the southern U.S. border, including El Paso, Laredo, and San Diego, is a glaring sign of this increase in Mexican manufacturing. The recent announcement by Tesla (TSLA) to locate its Gigafactory Mexico in Monterrey, in the state of Nuevo León, has only served to accelerate this trend. Tesla is even permitted to have a dedicated lane at the border crossing to speed up travel between the Mexican plant and Tesla headquarters and Gigafactory Texas, both of which are situated in Austin.