Here's Why Warren Buffett Is Betting Big on Homebuilders
While investment themes like artificial intelligence (AI) have grabbed much of the attention of investors this year, homebuilders have sneakily outperformed the S 500 year to date. That news may be surprising to some, especially when you consider that the U.S. has been in a housing recession over the past year.
Warren Buffett's Berkshire Hathaway (NYSE: BRK.A) (NYSE: BRK.B) recently released an SEC Form 13F, which shows its trading actions in the second quarter. The form indicates that Buffett (through Berkshire) opened new positions in three different homebuilders.
What does Warren Buffett see in the homebuilders? And should you follow his lead?
Source Fool.com
Berkshire Hathaway Inc. A Stock
€602,000
0.080%
Our community is currently high on Berkshire Hathaway Inc. A with 3 Buy predictions and 0 Sell predictions.
With a target price of 650000 € there is a slightly positive potential of 7.97% for Berkshire Hathaway Inc. A compared to the current price of 602000.0 €.
