Amazon and Berkshire Hathaway Lead Stocks Near Buy Points

Amazon.com (AMZN) and Warren Buffett's Berkshire Hathaway (BRKB) are among five stocks nearing buy points, as a strong postelection rally keeps the S&P 500 index on track. Joining AMZN and BRKB, the list also includes insurance giant Travelers (TRV), luxury homebuilder Toll Brothers (TOL), and Meta Platforms (META).

Meta, part of the IBD Leaderboard portfolio, and Berkshire, a current holding of the SwingTrader portfolio, both have the potential to drive growth and value for investors. The outlook for these companies is positive, with Amazon expected to benefit from a strong holiday season and Berkshire's portfolio companies poised to gain from tax cuts and deregulation, particularly in the financial sector.

Amazon's artificial intelligence positioning and rapid fulfillment capabilities have analysts raising their price targets. Redburn Atlantic upped its AMZN stock price target to 235 from 225, highlighting Amazon Web Services' full-stack vertical integration and Anthropic's fast market-share gains. AMZN reclaimed a buy point in the shortened holiday trading week, with Monday's 2.2% gain carrying it past a 201.20 buy point.

Berkshire Hathaway has rallied strongly since Trump's election, with its portfolio companies expected to benefit from tax cuts and deregulation. BRKB stock rose 1.35% to 483.02 for the week, closing just below a 484.82 buy point from a flat base. Shares climbed as high as 491.67 on Thursday but pulled back to close just out of buy range.

Both Amazon and Berkshire Hathaway offer compelling investment opportunities, backed by strong fundamentals and growth prospects. As the market rally continues, investors should pay close attention to stocks near buy points, holding key support and showing relative strength. By focusing on quality and stability, investors can build a balanced portfolio that combines growth and value stocks, positioning themselves for long-term success.