AMZN - 1 Warren Buffett Stock That Could Go Parabolic in 2024 and Beyond
2024-06-30 04:35:00 ET
Billionaire investor Warren Buffett is not typically known for buying stocks that are going parabolic. He tends to favor steady performers with long growth paths. Buffett even cautions people to be fearful if greed is the force taking stocks on a parabolic ride. This does not mean that the stocks Buffett owns (or is interested in) are incapable of such rapid growth. Just that he doesn't necessarily search them out to buy.
Still, there are a few stocks in the Berkshire Hathaway portfolio that hold such potential. One of the more likely candidates is Amazon (NASDAQ: AMZN) .
Some may question whether a stock with a $2 trillion market cap could make such a move. But, if investors take a closer look at some of the less-discussed emerging business lines, they can more easily see why a big surprise to the upside is not a far-fetched outcome.
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1 Warren Buffett Stock That Could Go Parabolic in 2024 and Beyond