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Markets, Walmart stock split, Berkshire Hathaway: 3 Things

Stock futures may be easing off the gas pedal ahead of this week's Personal Consumption Expenditures (PCE) index print.

Walmart (WMT) is set to begin trading Monday morning after a 3-for-1 stock split that took effect on last Friday's market close.

Lastly, Berkshire Hathaway (BRK-A, BRK-B) posts its second consecutive year of record annual profits, outlined in Chairman and CEO Warren Buffett's shareholder letter released on Saturday, February 24.

For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.

Editor's note: This article was written by Luke Carberry Mogan.

Video transcript

SEANA SMITH: But the three things that you need to know, your roadmap for the trading day. Yahoo Finance's Brian Sozzi, Madison Mills, and Jared Blikre have more.

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BRIAN SOZZI: All right. Futures are searching for direction this morning after a blowout earnings report from AI darling NVIDIA sent stocks to record highs last week. The largest challenge to markets in the week ahead will likely come from the personal consumption expenditures index, the Federal Reserve's preferred inflation gauge. That's out on Thursday.

MADISON MILLS: And a historic day for Walmart. This is the largest retailer in the US. They will begin trading on a post split basis at the market open coming up at 9:30 today. The three for one stock split is going to increase the number of common stock shares to about 8.1 billion. That's going to be up from 2.7 billion shares before this split. Now, this is the 12th time in 50 years that Walmart has done a stock split, in an effort to make shares more affordable for its employees.

JARED BLIKRE: And investors are digesting Warren Buffett's annual letter to Berkshire Hathaway shareholders. Shares of Berkshire, they are rising about 1.5%, 2% on the letter. The conglomerate, they're closing in on the $1 trillion market cap milestone.

The letter released on Saturday kicks off by paying tribute to his longtime right-hand man and vice chairman Charlie Munger, who died last November at the age of 99. Buffett goes on to disclose Berkshire hit an all time high annual profit in 2023 and has record cash levels of just over $167 billion.