KHC - 1 Warren Buffett Stock That Could Go Parabolic in 2024
2024-03-14 08:00:00 ET
He may be the world's best stock picker. But that doesn't mean every single one of Warren Buffett's picks held by Berkshire Hathaway dishes out gains each and every year. And that's OK -- the Oracle of Omaha is in it for the long haul. He likely understands you're going to take some short-term lumps while waiting for a company's long-term performance to be reflected in its stock's price.
That said, every now and then the proverbial planets align for one of Berkshire's holdings, setting the stage for a parabolic move. The fund's position in The Kraft Heinz Company (NASDAQ: KHC) could be on the cusp of such a move now. Here's why.
It's been an uncharacteristically poor performer since Buffett helped orchestrate the merger of food giants Kraft and Heinz back in 2015. Shares have been more than halved since the post-merger stock began trading, in fact, with most of that setback taking shape before the COVID-19 pandemic.
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1 Warren Buffett Stock That Could Go Parabolic in 2024