Warren Buffett steps down as CEO of Berkshire Hathaway, passing the torch to Greg Abel. Abel may bring changes to the conglomerate’s stock picks, eyeing more of oil company Occidental Petroleum, where Berkshire already owns 27%.
On the technology front, Buffett had reservations, but Abel sees potential in Alphabet, with Berkshire holding over $5 billion in shares. Abel may consider expanding this position and exploring other tech stocks that could yield growth.
Digital Realty Trust, a recurring income investment, could be another target for Abel. The company owns data centers providing cloud services to tech giants like Microsoft and IBM. With a 3.1% dividend yield and anticipated revenue growth, Abel may see value in this type of investment.
Read more at Yahoo Finance: 3 Stocks Greg Abel, Warren Buffett’s Successor, May Be Watching in 2026
