Group 1 - The Fundstrat Granny Shots US Large Cap ETF (GRNY) launched in November 2024, includes stocks based on short and long-term trends identified by Fundstrat [1][7] - GRNY ETF has eight stocks in common with the Dow Jones Industrial Average (DIA), indicating alignment with certain investment themes [2][6] - The current themes for the GRNY ETF include PMI recovery, energy stocks, cybersecurity stocks, labor suppliers, targeting millennials, and easing financial conditions [7] Group 2 - The eight common stocks between GRNY and DIA include Caterpillar Inc, Goldman Sachs Group Inc, Apple Inc, JPMorgan Chase & Co., NVIDIA Corp, American Express Co, Amazon.com Inc, and Microsoft Corp [3][4][5][6] - GRNY is down 0.32% year-to-date but has increased by 18.31% over the past 52 weeks, while DIA is up 3.46% year-to-date and 12.08% over the past 52 weeks [7][9] - The Dow Jones Industrial Average consists of 30 stocks across various sectors, representing a broad view of the overall stock market health [8]

Core Viewpoint - Warren Buffett will step down as CEO of Berkshire Hathaway at the end of 2025, leaving a portfolio for successor Greg Abel that includes stocks shared with the Fundstrat Granny Shots US Large Cap ETF [1] Group 1: Berkshire Hathaway Portfolio - Berkshire Hathaway's investment portfolio includes four stocks in common with the Fundstrat Granny Shots ETF: Alphabet Inc, American Express Co, Amazon.com Inc, and Apple Inc [2][3][4][5] - Alphabet Inc is the fourth largest position in the GRNY ETF at 2.91% of assets and represents around 1.9% of Berkshire's portfolio with 17,896,142 shares [2] - American Express Co is the second largest holding in Berkshire's portfolio at 17.8%, valued at $55.9 billion, while it is the 22nd largest in GRNY at 2.42% [3] - Amazon.com Inc represents around 0.7% of Berkshire's portfolio, valued at approximately $2.3 billion, and is the 26th largest holding in GRNY at 2.38% [4] - Apple Inc is the largest holding in Berkshire's portfolio, valued at $59.5 billion, representing around 19% of the portfolio, while it is the 32nd largest in GRNY at 2.27% [5] Group 2: Fundstrat Granny Shots ETF - The Granny Shots ETF employs a rules-based process to select stocks based on key themes, including PMI recovery, energy stocks, and targeting millennials [6] - The ETF has reached $4 billion in assets under management, gaining 2.7% year-to-date and 20.8% over the past 52 weeks [7] Group 3: Future Outlook for Berkshire Hathaway - Under Greg Abel's leadership, Berkshire may see changes in its investment strategy, including a potential sale of a large stake in Kraft Heinz [8] - Berkshire has been increasing its technology investments, possibly influenced by suggestions from leaders outside of Buffett [8] - A fourth-quarter 13F filing will provide insights into the portfolio's moves under Buffett, while the first quarter moves under Abel will be revealed in May [9]

Core Insights - Weak oil prices are not the primary concern for certain energy stocks, as other factors are contributing to their challenges [1] - The energy sector is experiencing turbulence due to fluctuating commodity prices, particularly in oil and gas [1] Company Summaries Oneok (OKE) - Oneok's share prices have decreased approximately 30% year to date, raising concerns about the effectiveness of recent mergers and acquisitions [3] - The company reported earnings per share (EPS) of $1.49 for the quarter ending September 30, 2025, reflecting a 49% year-over-year increase, indicating potential recovery [4] - If EPS growth does not meet expectations in upcoming quarters, the stock may continue to decline [6] Occidental Petroleum (OXY) - Occidental's recent sale of its OxyChem division to Berkshire Hathaway for $9.7 billion has been perceived negatively by investors, leading to a decline in share prices [7] - The sale was an all-cash transaction, which is considered tax-inefficient, and the company is still liable for $1 billion in past environmental liabilities [10] - The stock has a forward price-to-earnings (P/E) ratio of 16, but ongoing market concerns may lead to further declines in valuation [10] Williams Companies (WMB) - Williams Companies owns high-quality midstream assets but faces valuation concerns as its shares trade at 27 times forward earnings, higher than competitors like Enbridge and Kinder Morgan [11][13] - The company's share price has fallen by around 10% over the past month, with concerns about its relatively high valuation potentially impacting future performance [14]

Group 1 - Refiners have emerged as significant winners in the energy sector this year, as highlighted by Valero's earnings report [2] - The positive trend for refiners is expected to continue based on the current market conditions [2]

Group 1 - The article emphasizes the importance of energy stocks, suggesting they are often misunderstood in the market [1] - The author expresses a long position in specific energy stocks, indicating confidence in their potential [1] Group 2 - The article does not provide specific financial data or performance metrics related to energy stocks [2]