Berkshire Hathaway stock will see ‘higher highs’ over the coming months, says technical analyst Ari Wald
Berkshire Hathaway’s stock should reach new highs in the coming months, according to Ari Wald, head of technical analysis at Oppenheimer. Wald appeared on CNBC’s ” Power Lunch ” on Monday to offer his view on the Warren Buffett -led conglomerate, as well as two other market movers. Here’s what he had to say. Berkshire Hathaway Berkshire Hathaway’s stellar earnings report on Saturday sent both its A-shares and B-shares about 4% higher on Monday. The company’s fourth-quarter operating profit, which are earnings from its wholly owned businesses, soared 71% to $14.5 billion. A-shares are out of reach for everyday investors with its $747,485 price tag. However, B-shares, which Wald focused on, are around $500 per share. BRK.B 1Y mountain Berkshire Hathaway B shares He called the stock’s action significant, especially on a day of lackluster market performance. He recommends buying the strength. “I think it does lead to higher highs over the coming months,” Wald said. He said the stock’s recent move higher is a breakout above its September peak of $485. “That marks a resumption of the stock’s long-term uptrend,” he added. B-shares of Berkshire Hathaway are up 10% year to date. Domino’s Pizza Domino’s Pizza slipped about 1.5% after reporting an earnings and revenue miss for its fourth quarter. That dip is not a buying opportunity, Wald said. “It is a stock that has been oscillating around its 200-day average, really since last July,” he said. “Relative to the market it has been making lower highs, even since 2020. We just aren’t seeing that type of structural outperformance.” DPZ 1Y mountain Domino’s Pizza Wald prefers Darden Restaurants instead. He believes the Olive Garden-parent has stronger momentum. Darden has gained 4.4% so far this year, while Domino’s added 8.6% Constellation Energy High-momentum stocks like Constellation Energy have been in the crosshairs of the market in recent days, Wald said. Still, Constellation Energy remains on his large-cap buy list. “We have been riding it higher. We recommend letting winners run,” he said. However, the DeepSeek tech rout in January has given him pause from a trading perspective and he’s holding off adding new money. “Patience is required just given the heightened volatility environment, given the poor market tape,” Wald said. CEG 1Y mountain Constellation Energy He believes it’s important that the stock uphold its 200-day moving average, which is $235. “It’s still technically in a long-term uptrend. It is going to be important to stay that way,” he added. Shares of Constellation Energy are up about 20% year to date, after surging 91% in 2024.
