Berkshire Hathaway’s shares should reach new highs in the coming months, according to Ari Wald, director of technical analysis at Oppenheimer. Wald appeared on CNBC’s “Power Ranch” on Monday, offering his views on the Warren Buffett-led conglomerate and two other market movers. This is what he had to say. Berkshire Hathaway’s stellar revenue report on Saturday saw both A-stakes and B-stakes rise by around 4% on Monday. The company’s fourth quarter operating profit was revenue from fully owned companies, surged 71% to $14.5 billion. The stocks are out of reach for everyday investors with a price tag of $747,485. However, the B shares that Wald focuses on is around $500 per share. BRK.B 1Y Mountain Berkshire Hathaway B called stock behavior important, especially on days of inactive market performance. He recommends buying strength. “I think it will lead to highs in the coming months,” Wald said. He said the stock’s recent move is a breakout that peaked at $485 in September. “It shows a reopening of a long-term upward trend in stocks,” he added. B Berkshire Hathaway’s shares are up 10% per year. Domino’s Pizza Domino’s Pizza slipped about 1.5% after reporting revenue and revenue errors in the fourth quarter. The dip is not an opportunity to buy it, Wald said. “It’s a stock that’s been vibrating around the 200-day average since last July,” he said. “Compared to the market, it has produced a lower highest since 2020. We don’t see that type of structural outperformance.” DPZ 1y Mountain Domino’s Pizza Wald prefers the Darden restaurant instead. He believes Olive Garden parents have more momentum. Darden has scored 4.4% so far this year, but Domino’s has added a high instant stock of 8.6% sign energy, including recent sign energy, Wald said. Still, Constellation Energy remains on his big purchase list. “We ride it higher, and we recommend running the winner,” he said. However, January’s Deepseek Tech Rout pauses him from a trading standpoint, and he refrains from adding new money. “Considering the poor tapes in the market, given the growing volatility environment, it takes patience,” Waldo said. CEG 1Y Mountain Constellation Energy He believes it is important for stocks to support a 200-day moving average ($235). “It’s still a long-term uptrend technically, and it’s going to be important to stay that way,” he added. Constellation Energy stocks have risen about 20% a year after surged 91% in 2024.
Trending
- A crash crash on a plane from a Caribbean island kills at least 12 people, including popular Honduras musician Aurelio Martinez
- Nvidia announces Blackwell Ultra and Vera Rubin AI chips
- Beach fans report falling ill as a wash of mysterious bubbles and dozens of dead fish
- Trump demands a judge’s bullet each, the Chief Justice rebels him
- Frontier Airlines offers free check bag promotions with swipe in the southwest
- NCAA Tournament 2025 Bracket Picks, Upsets, and Cinderella Team: Model simulates March Madness 10,000 times
- US Department of State assists witnesses in the disappearance of American college students
- Charles III to meet Pope Francis while visiting the Vatican next month
Berkshire Hathaway will see “high heights” in the coming months: Ali Waldo
