🎉14 $10B+ Stocks Hit New Highs: Led by Berkshire, Reasons & Highlights
Monday Market Context:
On Monday, the decline in US stocks eased, with the $DJIA(.DJI)$ Average rising by 0.08%; the $S&P 500(.SPX)$ Index fell by 0.50%; and the $NASDAQ(.IXIC)$ dropped by 1.21%. Technology stocks performed poorly, with nearly all major US tech giants experiencing declines. The only exception was $Apple(AAPL)$ , which rose by 0.63% after announcing a $500 billion investment plan before the market opened.
However, there were still some stocks hitting new highs in the US market, such as $Berkshire Hathaway(BRK.A)$ , $T-Mobile US(TMUS)$ , $Automatic Data Processing Inc(ADP)$ , $Waste Management(WM)$ , and $Aon PLC(AON)$ .
Among them, legend investor Warren Buffett, in his letter to shareholders, stated that $Berkshire Hathaway(BRK.A)$ 's performance exceeded his expectations. The company's operating profit reached $47.4 billion in 2024, a significant increase from $37.4 billion in 2023. Additionally, Berkshire's cash reserves doubled in 2024, reaching a record level. The company's insurance business, Geico, also achieved a doubling of underwriting profits in 2024.
Overview of the 14 Stocks with Market Cap Over $10 Billion Hitting New Highs:
Note: The data in this table is sourced from Tradingview, covering only stocks with a market cap greater than $10 billion and positive year-over-year EPS growth. The data cut-off date is February 24, 2025.
In summary:
10 companies were given Buy ratings by analysts: $Berkshire Hathaway(BRK.A)$ , $T-Mobile US(TMUS)$ , $Intercontinental Exchange(ICE)$ , $Waste Management(WM)$ , $Arthur J. Gallagher(AJG)$ , $Republic(RSG)$ , $Verisk Analytics(VRSK)$ , $Fox Corporation Class B(FOX)$ , $Quest Diagnostics(DGX)$ , $NiSource(NI)$ .
4 companies were given Neutral ratings by analysts: $Automatic Data Processing Inc(ADP)$ , $Aon PLC(AON)$ , $American Electric Power(AEP)$ , $Kellanova(K)$ .
7 companies had year-over-year EPS growth exceeding 30%: $T-Mobile US(TMUS)$ , $American Electric Power(AEP)$ , $Fox Corporation Class B(FOX)$ , $Verisk Analytics(VRSK)$ , $Arthur J. Gallagher(AJG)$ , $Berkshire Hathaway(BRK.A)$ , $Kellanova(K)$ .
New Highs Analysis:
Based on public data and market information, Tiger Teacher has compiled the core businesses, company highlights, and latest financial data of the 14 companies below. This information is for discussion purposes only and should not be considered investment advice.
1. $Berkshire Hathaway(BRK.A)$
Core Business: Diversified operations in insurance, utilities, railroads, and industrial sectors.
Highlights: Strong performance in insurance business with significant growth in underwriting profits.
Financial Highlights: Fourth-quarter operating profit increased by 71%, with full-year operating profit up by 27% to $47.44 billion, setting a new record high.
Core Business: Wireless communication services.
Highlights: Accelerated 5G network construction and improved user experience.
Financial Highlights:-quarter Fourth total revenue reached $21.87 billion, up 6.8% year-over-year; earnings per share (EPS) of $2.57, with a 54% year-over-year increase.
3. $Automatic Data Processing Inc(ADP)$
Core Business: Human resources outsourcing services.
Highlights: Accelerated digital transformation and improved customer satisfaction.
Financial Highlights: Consistent growth in revenue and profit, with stable cash flow.
4. $Intercontinental Exchange(ICE)$
Core Business: Financial data services and exchange operations.
Highlights: Expanded Canadian bond data services in partnership with CanDeal.
Financial Highlights: Fourth-quarter earnings slightly below expectations, but the company announced increased dividends and resumed share buybacks.
Core Business: Waste management and recycling.
Highlights: Completed the acquisition of Stericycle, optimized capital structure.
Financial Highlights: Stock price hit a new high, with a 31.84% increase over the past year.
Core Business: Insurance brokerage and risk management.
Highlights: Demonstrated strong adaptability in the market following Hurricane Milton.
Financial Highlights: Stock price hit a new high, with an 11.62% increase over the past year.
Core Business: Insurance brokerage and consulting services.
Highlights: Expanded business through acquisitions of Agilis Partners and Dominick Falcone Agency.
Financial Highlights: Adjusted EPS of $2.51 in the fourth quarter, exceeding expectations.
Core Business: Waste management and recycling.
Highlights: Network optimization and cost control.
Financial Highlights: Improved operational efficiency and increased profit margins.
9. $American Electric Power(AEP)$
Core Business: Electricity generation and transmission.
Highlights: Increased renewable energy projects and grid upgrades.
Financial Highlights: Second-quarter operating earnings increased to $1.25 per share, with full-year expected EPS between $5.53 and $5.73.
Core Business: Risk assessment and data analysis.
Highlights: Product innovation and market expansion.
Financial Highlights: Consistent growth in revenue and profit.
11. $Kellanova(K)$
Core Business: A global leader in snacks and food, with brands such as Pringles, Cheez-It, and Pop-Tarts.
Highlights: Improved operational efficiency through sustainable packaging innovation and digital supply chain optimization, actively expanding the global market.
Financial Highlights: Net sales for the 2024 fiscal year are expected to reach between $13.4 billion and $13.6 billion, with significant growth in operating profit and an EBIT margin increase to 16.39%.
12. $Fox Corporation Class B(FOX)$
Core Business: Media and entertainment.
Highlights: Content innovation and global market expansion.
Financial Highlights: Growth in revenue and profit.
Core Business: Medical diagnostic services.
Highlights: Digital transformation and development of new testing technologies.
Financial Highlights: Increased revenue and profit margins.
14. $NiSource(NI)$
Core Business: Natural gas and electric services.
Highlights: Increased renewable energy projects and optimized customer service.
Financial Highlights: Growth in revenue and profit.
Tigers, which company are you interested in?
Has your stock hit a new high?
Feel free to leave a comment in the discussion area.
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Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
