The search for top performers never ends - and that's especially true when the markets are stumbling.
That's why Money Morning Chief Investment Strategist Keith Fitz-Gerald likes Berkshire Hathaway B stock (NYSE: BRK.B) right now.
"It's better than any mutual fund. They have diversified holdings - it ranges from railroads to ketchup. I think that gives you a lot of play across the American economy," Fitz-Gerald, a seasoned market analyst with 33 years of experience, said in an appearance today (Monday) on the FOX Business program "Varney & Co."
Berkshire B stock was $146.33 in mid-day trading today, down nearly 4% in the past week. But BRK.B stock is still up 23% on the year, far outpacing the 7.6% return of the Standard & Poor's 500 index.
"It's not cheap in dollar terms, but it's cheap in terms of potential," Fitz-Gerald said.
Berkshire Hathaway stock was just one recommendation Fitz-Gerald offered. The other is an energy stock that he says is "cheap and ready to buy."
For more on why Fitz-Gerald likes Berkshire Hathaway, as well as his energy pick, watch the video below.
A Tale of Two Berkshire Stocks: Berkshire Hathaway B stock is the affordable flavor of BRK. The BRK A shares trade for about $219,000 each. But apart from the price, there are plenty of other differences between Berkshire A stock and Berkshire B stock. Here's the fascinating story of how Berkshire Hathaway came to have two classes of stock...