05.01.2025 11:46:00
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This Top Warren Buffett Stock Could Soar Even Higher in 2025. Time to Buy?
The top stock in Berkshire Hathaway's (NYSE: BRK.A) (NYSE: BRK.B) equity portfolio remained Apple (NASDAQ: AAPL) at the end of the third quarter. But the Oracle of Omaha was selling huge chunks of this position throughout 2024, and it's possible this continued into the fourth quarter. So, what is Berkshire's biggest bet if you exclude the stocks Berkshire has been selling recently? American Express (NYSE: AXP). The integrated payments company, which operates as both a bank and a credit card specialist, is Berkshire's biggest holding after Apple -- and the famed investor hasn't sold a single share.With Berkshire relentlessly holding on to its American Express shares despite them soaring higher last year, it looks like Buffett may believe the stock could rise even more. Should investors buy shares, copying Berkshire's bet on American Express as the Buffett-led conglomerate tenaciously holds on to its large position in the financial stock? Or did investors who failed to buy and hold the stock last year miss the boat? After all, shares rose 58% in 2024.Thanks to its unique business model, American Express has been able to grow earnings at a spectacularly high rate recently, even as revenue growth has slowed. On 9% revenue growth, the powerhouse payments and banking company's earnings per share (EPS) rose 28% year over year in the trailing-nine-month period ended Sept. 30, 2024.Continue readingWeiter zum vollständigen Artikel bei MotleyFool
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