Amazon (AMZN) and Meta Platforms (META) lead the list of five stocks near buy points, driven by expectations of a strong holiday season and a bullish outlook on Treasury Secretary Scott Bessent. The S&P 500 recently finished its best month in a year, with the GOP election sweep and Fed rate cut fueling gains.
Warren Buffett’s Berkshire Hathaway (BRKB) is also seeing gains, thanks to tax cuts and deregulation. Analysts at Redburn Atlantic raised their AMZN stock price target to 235 from 225, citing Amazon Web Services’ full-stack vertical integration as a “defining advantage.”
Travelers (TRV) insurance giant has posted strong earnings results, with its combined ratio improving to 93.2%. Toll Brothers (TOL) has surged on news of Bessent’s appointment, driven by expectations of lower mortgage rates and increased demand for luxury homes.
The five stocks near buy points are:
* AMZN: 1% above a $269.56 flat base
* META: 1.5% above a $430.34 flat base
* BRKB: 0.5% below a $484.82 buy point
* TRV: 1% above a $269.56 buy point
* TOL: 6.5% above a $160.12 five-week flat base
These stocks are expected to benefit from tax cuts and deregulation, as well as strong demand for goods and services during the holiday season. Investors should keep an eye on these stocks as they approach their respective buy points.
Source: https://www.investors.com/news/amazon-warren-buffett-berkshire-hathaway-stocks-near-buy-points