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Berkshire Hathaway (BRK.A, Financials) will hold its annual shareholder meeting and report Q1 2025 earnings Saturday, with markets watching closely for Warren Buffett (Trades, Portfolio)'s insights amid economic headwinds and shifting U.S. trade policy.
While official Q1 figures are still pending, the company's stock has climbed nearly 19% year to date, strongly outperforming the S&P 500, which is down 4%. Berkshire ended 2024 with a record $334.2 billion in cash.
UBS upgraded its outlook, citing Berkshire as a safe haven in a volatile environment. CFRA, meanwhile, reiterated a hold, pointing to a potential demand dip from a slowing economy and Buffett's age94as key risks. Buffett has named Greg Abel as his successor, though a formal transition has yet to occur.
In Q4 2024, Berkshire opened a new position in Constellation Brands (STZ, Financials) and added to SiriusXM (SIRI, Financials), Occidental Petroleum (OXY, Financials), Domino's Pizza (DPZ, Financials), Verisign (VRSN, Financials), and Pool Corp. (POOL, Financials). It trimmed stakes in Bank of America (BAC, Financials), Capital One (COF, Financials), and Citigroup (C, Financials), and fully exited Ulta Beauty (ULTA, Financials).
Buffett has refrained from making further public economic commentary since March, when he told CBS News that tariffs are an act of war and a tax on goods.
This article first appeared on GuruFocus.