This Warren Buffett Stock Could Soar in a Bull Market
Warren Buffett is known for choosing quality stocks that can weather any market environment -- and even if they suffer at times, they usually win over the long term. That's helped him, as chairman of Berkshire Hathaway, beat the market over a period of 57 years. Berkshire Hathaway has delivered a compounded annual gain of 19.8% during that period, compared with 9.9% for the S 500.
As we head toward a new bull market, Buffett's portfolio, as a whole, should continue to serve him well -- but there's one particular stock that could stand out and offer him a big boost. I'm talking about e-commerce and cloud computing giant, Amazon (NASDAQ: AMZN). Let's talk about why this player could soar – and why you may want to follow the billionaire investor into the stock right now.
Amazon has reached an exciting turning point after some tough times. Last year, rising inflation weighed on the company's costs and its customers' wallets. Meanwhile, Amazon's move to double its fulfillment network in a short period of time left it with excess capacity. As a result, the company reported its first annual loss since 2014.
Source Fool.com
Berkshire Hathaway Inc. A Stock
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 €.
