No. of Recommendations: 2
"" Berkshire Hathaway: $799 billion
Berkshire Hathaway is a market-cap giant, which makes it a good, diversifying addition to a More Magnificent Seven for 2024. The Warren Buffett–helmed conglomerate adds some industrial and utility exposure, along with its sprawling insurance operations. It keeps exposure to Apple, Berkshire’s largest equity holding, should the iPhone maker have a strong year after all. The bull case for 2024 is a continued insurance turnaround and growing operating earnings elsewhere in the portfolio. Some $150 billion in cash on Berkshire’s balance sheet gives Buffett ammo for a potential deal or share buybacks, with the stock appearing reasonably priced at 19 times earnings. It was last in the top seven in 2022.""