No. of Recommendations: 3
Berkshire Hathaway (BRK.B) - Warren Buffett has positioned Berkshire to succeed without him, the report said. Earnings for the company are growing, with Berkshire's after-tax operating profits up almost 20% in 2023. “They could hit $40 billion this year, powered by higher interest income on Berkshire's cash and strong insurance underwriting results.”
Alibaba Group Holding (BABA) - One of the cheapest tech-oriented companies in the world. “After dropping 18% in 2023, Alibaba's U.S.-listed shares trade for just eight times projected earnings in its current fiscal year ending in March,” the report said. “With that decline, the stock, at a recent $72, is back where it stood following its 2014 initial public offering, despite a tenfold rise in revenue and a fivefold increase in earnings.”
Alphabet Inc. (GOOGL) - It could be the best bet among the Magnificent Seven stocks, the report said, and Barron expects it to grow as fast as Microsoft (MSFT) with 15% up earnings, three times the speed of Apple’s (AAPL).
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