Jim Cramer’s Latest Game Plan: 15 Stocks to Watch

1. Berkshire Hathaway Inc. (NYSE:BRK-B)

Number of Hedge Fund Holders: 120

Cramer commented that Berkshire Hathaway Inc. (NYSE:BRK-B) tends to experience good quarters and praised Warren Buffett.

“There’s no such thing as a bad quarter at Berkshire, right? Because we’re dealing with Warren Buffett. I do want to know what he thinks about the election… he’ll make money no matter what.”

Berkshire Hathaway (NYSE:BRK-B) operates globally through subsidiaries in insurance, freight rail, utilities, manufacturing, and retail, providing a wide range of services including insurance, energy generation, and various consumer and industrial products. The company also engages in logistics, construction, and distribution across diverse sectors.

In the third quarter, the conglomerate’s operating earnings decreased by 6%, totaling $10.1 billion compared to $10.8 billion in the same quarter of the previous year. This decline follows a record high of $11.6 billion in operating profits reported in the second quarter. Revenue for the quarter reached $93 billion, a slight decrease of 0.2% year-over-year.

The company’s net earnings per average equivalent Class A share stood at $18,272, while Class B shares reported net earnings of $12.18. At the end of the quarter, its cash reserves rose significantly, exceeding $325 billion, up from $276.94 billion as of June 30, 2024.

Furthermore, during this latest quarter, Berkshire Hathaway (NYSE:BRK-B) reduced its stake in Apple, the leading smartphone manufacturer, as well as in Bank of America, the second-largest lender in the United States, by over 20%, as indicated in its recent quarterly filing.

While we acknowledge the potential of Berkshire Hathaway Inc. (NYSE:BRK-B) as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter timeframe. If you are looking for an AI stock that is more promising than BRK-B but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

READ NEXT: 8 Best Wide Moat Stocks to Buy Now and 30 Most Important AI Stocks According to BlackRock.

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