Trending tickers: Berkshire Hathaway, Palantir, BP, Ryanair and BYD

Berkshire Hathaway (BRK-A)

Warren Buffett's Berkshire Hathaway reported a 34% rise in operating profit in the third quarter to $13.49bn, according to results released on Saturday.

Net earnings attributable to shareholders grew to $30.8bn (£23.5bn), up from $26.3bn in the third quarter of last year.

Berkshire Hathaway's cash pile rose to a record $381.7bn, as the conglomerate offloaded $6.1bn in shares during the third quarter, according to a Bloomberg report.

Berkshire's class A shares were up just 1.4% in pre-market trading on Monday, with stock trading just 5% in the green year-to-date.

Famed investor Buffett is due to step down as Berkshire's CEO at the end of the year and will be succeeded by Greg Abel, vice chair of the firm's non-insurance operations.

Palantir (PLTR)

Shares in Palantir (PLTR) were up nearly 1% in pre-market trading on Monday, ahead of the release data software platform provider's third-quarter earnings, due out later in the day.

The stock is trading at an all-time high, as investors continue to back the company as a key player in the artificial intelligence boom.

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For the third quarter, Palantir said it expected to generate revenue of between $1.083bn and $1.087bn. The company guided to adjusted income from operations of $493m to $497m.

In the company's second quarter results, Palantir also raised its revenue guidance for the year to range of $4.142bn to $4.150bn and adjusted income from operations guidance to between $1.912bn and $1.920bn.

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BP (BP.L)

On the London market, oil major BP (BP.L) announced on Monday that it had agreed to sell stakes in two of its US onshore midstream assets to private investor Sixth Street for $1.5bn.

BP said that the sale of its Permian and Eagle Ford assets delivers a "material contribution" towards its expected divestment proceeds for the year. The oil company said it is targeting $20bn of divestments by the end of 2027.

Read more: How to protect yourself against tax rises in the budget

The announcement comes a day before BP is due to release its third quarter results. In a trading update on 14 October, BP said it expected upstream production to be higher compared to the previous quarter, with an increase in both oil and gas production. However, BP also said it expected oil trading to be weak" in the quarter.

BP shares rose nearly 2% on Monday morning, with the stock trading nearly 15% in the green year-to-date.

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Ryanair (RYA.IR)

Shares in Dublin-listed Ryanair (RYA.IR) dipped 2% on Monday morning, despite the budget airline posting a 42% jump in profits in the first half of its fiscal year.

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Ryanair reported profit after tax of €2.54bn (£2.22bn) for the first six months of its fiscal year, up from €1.79bn for the same period last year. Revenue of €9.82bn was up 13% compared to the first half of last year.

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Victoria Scholar, head of investment at Interactive Investor, said: "Ryanair is optimistic going forward, raising its passenger growth forecasts thanks to earlier than expected Boeing 737 Max 8 plan deliveries.

"November demand has been slower, however this is typical for Ryanair and other airlines to see seasonal declines in demand during quieter periods outside of the busy summer months and school holidays."

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BYD Company (1211.HK)

On the Hong Kong market, shares in EV company BYD (1211.HK) fell 1.5% on Monday, with the stock trading at its lowest point since February.

The fall in shares came after carmaker reportedly said over the weekend that sales in October had fallen 12% to 441,706 vehicles.

Read more: Amazon and Alphabet shine in mixed bag of Mag 7 results amid AI bubble jitters

According to a Reuters report, a BYD executive in charge of marketing and public relations gave the update in a post on global deliveries in a post on Weibo.

This came after BYD reported a 3% fall in operating revenue in the third quarter, in results released on Thursday, and a 32.6% drop in net profit attributable to shareholders.

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How to protect yourself against tax rises in the budget Princes Group starts London trading with £1.16bn valuation Stocks to watch this week: Palantir, Advanced Micro Devices, Uber, Novo Nordisk and BP

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