Seems that everyone likes Warren Buffett & Berkshire Hathaway, is this a great time to buy?

BRK/A (Class A Shares) commands a market price above $647,000, great for institutions, BRK/B (Class B Shares) sell for a little north of $400.

BRK/B share price is just right for you and me but is it the right time?

Class B shares track the changes of the Class A shares but is this a good time for a swing trade on this stock?

According to UBS, Warren Buffett’s Berkshire Hathaway is poised to surpass $1 trillion in market value within the next 12 months. Berkshire Hathaway, under Warren Buffett’s guidance, is demonstrating exceptional performance across various sectors, with its market value expected to soar.

Berkshire Hathaway recently announced a 28% surge in operating earnings for the fourth quarter, primarily driven by substantial gains in its insurance division. The company’s cash reserves have also reached a historic high of $167.6 billion.

Notably, Berkshire’s flagship insurance entity, Geico, experienced a profitable year in 2023, recording net underwriting earnings of $5.4 billion. UBS highlighted Geico’s swift turnaround, citing premium rate increases and reduced claims as contributing factors. Additionally, UBS anticipates Geico’s policy growth to accelerate as early as the second quarter of the year.

While Berkshire’s BNSF railway division faced a 16% decline in net earnings last year, UBS remains optimistic about its resilience compared to industry peers due to its substantial freight volume and robust capital expenditure.

Let’s take a look at the BRK/B stock chart.

Earnings were huge and swamped estimates but the stock fell on the day of earnings from a high of around $430 to about $408 – around %5 – and another reason why holding through earnings is sometimes a disadvantage for swing traders unless you purchase protective put options.

Let’s take a look at the chart, here is the link to the Berkshire Hathaway Chart Video