Posted 1/5/2024, 11:32:00 AM
Berkshire, Amazon, StoneCo Show Strong Growth and Potential Upside for Investors
- Warren Buffett's Berkshire Hathaway has delivered incredible returns since 1965, turning $1,000 into over $30 million.
- Amazon is growing into investments made during the pandemic, with profit margins expanding over the last 5 quarters. EPS is expected to grow 34% in 2024.
- StoneCo is a Brazilian fintech Berkshire Hathaway owns a stake in. It grew revenue 25% YoY last quarter to $647 million.
- StoneCo added over 300,000 new payments customers last quarter, a 28% increase over last year's quarter.
- StoneCo trades at reasonable valuation multiples - 20x 2023 expected EPS and 2.3x expected sales - presenting opportunity.