These Under-The-Radar Warren Buffett Stocks Could Soar if S&P 500 Continues Higher
This year, the S&P 500 has seen a remarkable streak of 17 new all-time highs, outpacing many previous years.
Notably, Warren Buffett's Berkshire Hathaway has stakes in two lesser-known homebuilders that you can consider for your portfolios too.
Meanwhile, as summer approaches, historical data suggests a possible slowdown in market performance, reflecting the age-old adage of «sell in May and go away.»
In the past year, the S&P 500 hasn't dropped by more than 2% in a single day for 266 business days. This is rare as it has happened only 15 times in the last 74 years.
Interestingly, in 14 out of those 15 instances, the index was higher one year later. So, this trend works in the bulls' favor.
In 2024 alone, the S&P 500 has already reached 17 new all-time highs. Looking back over the past 95 years, only 30 years have seen more all-time highs than 2024, with more than half of the year remaining.
Here are the years with the highest number of all-time highs:
There have been 51 years without reaching a new high.
By the way, this Monday, two companies enter the S&P 500: Super Micro Computer (NASDAQ:SMCI) and Deckers Outdoor (NYSE:DECK).
Meanwhile, Warren Buffett's Berkshire Hathaway (NYSE:BRKa) holds shares in two companies within the Invesco S&P 500® Momentum ETF (NYSE:SPMO).
The Invesco S&P 500 Momentum ETF has surged more than +21% this year, outpacing the S&P 500's +8.6% return.
Warren Buffett's companies are both homebuilders.
Professors Cherry Zhang and Ben Jacobsen conducted a thorough analysis of historical stock market data spanning back centuries, examining 114 markets, starting from the UK market in 1693.
Their findings paint a clear picture: On average, stock market performance during winter months surpasses that of
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