Warren Buffett will step down as CEO of Berkshire Hathaway at year-end while remaining chairman and retaining influence; Greg Abel will assume the CEO role. Wall Street increasingly warns of heightened recession risk in 2025, with weakening jobs data and tariff-driven impacts on consumers cited as key concerns. Market consensus has shifted to cautious pessimism, prompting recommendations to rotate from higher-beta technology names into more conservative, high-yield dividend stocks that appear in Berkshire Hathaway's portfolio. Major indices sit at or near all-time highs, increasing the case for caution heading into the seasonally treacherous fall months. A screening of Berkshire holdings identified four high-yield dividend candidates.
They were stunned at this year's meeting when Buffett announced that he is stepping down at the end of the year as CEO of the investment giant. While he will remain chair of the board and continue to have a voice in the day-to-day operations, his pre-announced successor, Greg Abel, will assume the CEO position at the end of the year.
Some across Wall Street are starting to warn that a recession could be coming our way over the next year. The jobs data has become a big concern while tariffs appear to be starting to have an effect on the consumer in some areas. Warren Buffetts highest yielding dividend stocks are a solid place to be if the going gets tough.
While Wall Street appears divided on recession risks for the next year, recent developments and some uncomfortable data are showing heightened economic concerns. The consensus is cautious pessimism, with Wall Street increasingly concerned about policy impacts, particularly tariffs, combined with already weak economic data. If that's the case, then now may be the right time to move from higher beta tech stocks to more conservative dividend stocks that reside in the Berkshire Hathaway Inc. ( NYSE: BRK-B) portfolio.
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