"If any investor has stood the test of time, it's Warren Buffett, and with good reason. For years, the Oracle of Omaha has had a rock star-like presence in the investing world, and his annual Berkshire Hathaway shareholders meeting draws thousands of loyal investor fans. They were stunned at this year's meeting when Buffett announced that he is stepping down as chief executive officer of the investment giant at the end of the year."
"While Wall Street appears divided on recession risks for the next year, recent developments and some uncomfortable data are showing heightened economic concerns despite estimates for a larger final third-quarter gross domestic product print of 3.9%. The consensus is cautious pessimism, with Wall Street increasingly concerned about policy impacts, particularly tariffs, combined with already weak economic data. While not unanimous, the trend has shifted toward expecting a recession sometime in 2026."
Warren Buffett will step down as chief executive officer of Berkshire Hathaway at year-end while remaining chair of the board, and Greg Abel will assume the CEO role. Wall Street shows cautious pessimism as recent data and policy concerns, including tariffs, have heightened recession fears despite a projected 3.9% final third-quarter GDP. Consensus is shifting toward expecting a recession in 2026. With major indices near all-time highs and seasonally risky fall months approaching, a move from higher-beta technology names into conservative, high-yield dividend stocks is recommended. Four Berkshire Hathaway holdings were screened and identified as buy-rated, high-dividend candidates.
Read at 24/7 Wall St.
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