Jim Cramer Had These 18 Stocks in This Week’s Game Plan

Page 17 of 17

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

Number of Hedge Fund Holders: 133

Berkshire Hathaway Inc. (NYSE:BRK-B) is one of the stocks Jim Cramer had in this week’s game plan. Cramer called it a “terrific company” and commented:

“Let’s see what the first week of November has in store for us. Now, we don’t have to wait until Monday for some important news. We get Berkshire Hathaway’s earnings tomorrow morning, and apparently, there will no longer be any commentary from the greatest investor of all time, Warren Buffett, who’s retiring as CEO. The 95-year-old Buffett has agreed to turn the company over to a fabulous exec, Greg Abel, who will take the reins… [at] year’s end.

The stock’s been getting clobbered, though. I presume that’s because of the changeover. Now, look, you gotta understand, I think Berkshire’s a terrific company, and you have to expect more profit taking as Buffett leaves. But what can I say? He is irreplaceable, but the company’s a great one.”

Berkshire Hathaway Inc. (NYSE:BRK-B) operates a diverse range of businesses, including insurance, utilities, railroads, manufacturing, retail, and consumer products. Moreover, it invests in energy, aerospace, construction materials, and many other industries. The company reported its Q3 earnings on November 1 and posted operating earnings of $13.49 billion, up 33.6% year-over-year. Berkshire Hathaway Inc. (NYSE:BRK-B) generated revenues of nearly $95 billion, and its net earnings per average equivalent Class A share were $21,413, and $14.28 for Class B.

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 have limited downside risk. If you are looking for an AI stock that is more promising than BRK-B and that has 100x upside potential, check out our report about this cheapest AI stock.

READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.

Disclosure: None. Insider Monkey focuses on uncovering the best investment ideas of hedge funds and insiders. Please subscribe to our free daily e-newsletter to get the latest investment ideas from hedge funds’ investor letters by entering your email address below.

Page 17 of 17