Stock prices are trending lower so far in 2024, but if legendary investor Warren Buffett’s portfolio is any indication, certain stocks could rise even further. On Thursday, the S&P 500 and Nasdaq Composite both hit one-year highs, with the indexes up 2.1% and 3.0%, respectively. And on Friday, the 500-stock Broad Market Index closed at a new all-time high. The stock rally was fueled by chipmaker giant Nvidia, which soared 16% during trading Thursday after fiscal fourth-quarter profit and revenue beat analysts’ expectations. But even with such a percentage increase, his future gains in 2024 will not be wiped out for investors. To commemorate Berkshire Hathaway’s fourth-quarter and full-year 2023 earnings report this Saturday, CNBC Pro looked at the holding company’s stock portfolio (as of the end of 2023) to find the stocks that analysts love most. All stocks included in the table below meet the criteria of being listed on the Nasdaq or the New York Stock Exchange, are covered by at least 10 analysts, and are It has been assigned a Buy rating from at least 50%. All data is as of February 22, 2024. He was also on the list of the giant Amazon of the “Magnificent Seven”. As of Thursday, 85% of analysts covering the stock had a buy rating on it, with average upside potential of 23%. Amazon’s stock price rose 3% this week after the company announced it would be added to the Dow Jones Industrial Average, replacing Walgreens Boots Alliance. Amazon is already up 15% since the beginning of the year. Another company on the list, energy giant Chevron, is up 4% so far in 2024. About 62% of analysts covering the stock give it a buy rating, with the average analyst predicting a 14% upside potential. Chevron shares rose slightly earlier this month after the company reported mixed fourth-quarter results but said it would raise its dividend by 8%. More than three-quarters of analysts give telecom giant T-Mobile a “buy” rating. On average, Wall Street consensus calls for the stock to rise an additional 13% on top of the 2.5% T-Mobile has already gained this year. T-Mobile stock fell in late January after the company reported mixed fourth-quarter results. Although T-Mobile missed analysts’ earnings estimates, the company posted revenue that beat Wall Street expectations. Other names on the list included credit card service providers Visa and Mastercard, beverage maker Coca-Cola and home builder Lennar. CNBC’s Fred Imbert contributed to this report.
CHOOSE LANGUAGE
SELECT LANGUAGE BELOW
