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Berkshire Hathaway rose 1.3 percent, or $1.36, to $110. Warren Buffett's company turned in earnings late Friday that trumped analysts' estimates for both profit and revenue. Berkshire reported strong gains from its insurance units, Geico and General Reinsurance, its BNSF Railway company and other investments. In a round of television interviews on Monday, Buffett said that the stock market still appears reasonably priced even though major indexes are at all-time highs. By contrast, bonds are "a terrible investment right now," he said. Buffett explained that with interest rates at historic lows, a buyer of long-term bonds is bound to take a loss when rates eventually rise. Among other stocks in the news: Sysco dropped 1 percent, or 33 cents, to $34.33, after the food distributor posted net income and revenue that fell short of analysts' estimates. Sysco's CEO said the company's sales were held back by bad weather that made people less willing to spend on meals away from home. Sysco's Monster Beverage sank 2 percent after San Francisco's city attorney sued the company for allegedly marketing its caffeinated drinks to children. Last week, Monster Beverage filed a suit against the same city attorney over demands that the energy drink maker reduce the caffeine in its drinks and change its marketing practices. Monster lost $1.26 to $56.18.
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