I. Conservative Recommendation
Berkshire Hathaway B (BRK.B)
Berkshire Hathaway B (BRK.B) — a holding in Alpha Algorithm — has just broken out to an all-time high, since bottoming on Sept. 9.
JPMorgan analyst Sarah Dewitt recently initiated coverage on Warren Buffett’s Berkshire Hathaway, setting a $210 price target for the stock by the end of 2018. This represents an upside of about 15% from its current level.
Shares are up about 24% in the past year, outperforming the S&P 500’s 18% rise during the same period.
Technically, the stock is in a strong uptrend and scores 100% on all my technical indicators.
II. Aggressive Recommendation
HEICO Corp. (HEI)
HEICO Corp. (HEI) is a current recommendation in my weekly trading service, Momentum Trader Alert.
The company recently announced that its Electronic Technologies Group completed the acquisition of AeroAntenna Technology, Inc., its largest-ever acquisition. HEICO expects the acquisition to boost its earnings per share within the next year
HEICO is currently a 100% “buy” based on all my short-, medium- and long-term technical indicators.
Nicholas A. Vardy