Is Berkshire Hathaway Headed for $1 Trillion?
Wall Street remained somewhat choppy on Wednesday morning, as investors remained divided in their views of the prospects of various industries within the stock market. As of 10 a.m. ET, the Dow Jones Industrial Average (DJINDICES: ^DJI) was up 18 points to 36,817, which would be a new record high if it holds onto those gains. However, the S&P 500 (SNPINDEX: ^GSPC) had fallen 3 points to 4,791, and the Nasdaq Composite (NASDAQINDEX: ^IXIC) had lost 67 points to 15,555.
Evidence of a market rotation continues to pile up, and one of the clearest signs of the possible ascendancy of value investing came from Omaha, Nebraska. Berkshire Hathaway (NYSE: BRK.A) (NYSE: BRK.B) shares were up another 2% on Wednesday morning, bringing its gains in the first two and a half trading days of the year to nearly 5% and representing a record stock price level for Warren Buffett's company. Given the gains that other stocks have seen, some investors wonder if Berkshire could finally make its way into the $1 trillion market capitalization club sometime in 2022.
Berkshire Hathaway CEO Warren Buffett. Image source: The Motley Fool.
Source Fool.com