Warren Buffett's Berkshire Hathaway has experienced a hit from recent market selloffs, but its stock remains relatively stable. As Buffett contemplates leveraging the $344 billion cash reserve for potential bargains, one notable position is in Domino's Pizza, which has shown resilience with a stock increase of 9% this year. Amidst struggles in the fast food sector, Domino's reported a revenue rise of 4.4% and a 15% dividend increase. This stability, reinforced by strategic partnerships like one with Doordash, positions Domino's as a robust choice in Buffett's portfolio during economic uncertainty.
Domino's 2024 results demonstrated that our Hungry for MORE strategy can drive strong order count growth, even in the face of a challenging global macroeconomic environment.
Despite the downturn, Berkshire Hathaway's stock is up 8% this year, showcasing its resilience compared to the S&P 500, which is down 14%.
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