The recent oil price spikes increase the appeal of Chevron, Berkshire Hathaway's largest oil and gas holding.
Rising market share could mean a higher valuation ahead for Domino's.
DaVita's quiet comeback makes it another standout among Warren Buffett stocks.
Warren Buffett, often called the greatest investor of all time, stepped down as chairman and CEO of Berkshire Hathaway in December 2025. Yet while Greg Abel, Buffett's successor, is now at the helm of the Omaha, Nebraska-based holding company, he isn't looking to rock the boat.
As discussed in his recently released 18-page letter to shareholders, Abel has committed to maintaining Berkshire's decentralized structure. He also noted how he doesn't intend to make many changes to the key holdings in Berkshire's equity portfolio. Abel may have been talking mainly about Berkshire's positions in American Express and Coca-Cola, but he may have similar thoughts about the following Warren Buffett stocks, all of which have solid long-term potential: Chevron (NYSE: CVX), Domino's Pizza (NASDAQ: DPZ), and DaVita (NYSE: DVA).
Will AI create the world's first trillionaire? Our team just released a report on the one little-known company, called an "Indispensable Monopoly" providing the critical technology Nvidia and Intel both need. Continue »
Image source: The Motley Fool.
Berkshire Hathaway holds a 6.5% stake in Chevron. At current prices, this position in the oil and gas giant is worth around $24.7 billion.
Chevron shares have soared nearly 25% amid the recent run-up in energy prices. But even when crude oil prices were languishing several months ago, one could already make a strong bull case for the stock.
That's because Chevron's game plan of increasing production and lowering operating costs pointed to a big earnings rebound. However, with oil prices surging and likely to stay elevated as conflict in the Middle East persists, these improvements could be even more dramatic. In the years ahead, the positive impact of Chevron's turnaround could add to these gains.
Domino's currently trades for around 21 times forward earnings. That's on the higher end of the valuation range among fast-food stocks. However, given the company's particular strengths, shares could eventually trade at an even higher valuation.
As BTIG analyst Peter Selah recently noted, in a reiterated "buy" rating of the stock, Domino's continues to generate positive same-store sales growth, while competitors like Yum! Brands' Pizza Hut unit and Papa John's have experienced declining same-store sales.
If this strong performance persists and gets noticed by investors, Domino's shares could move up to a valuation on par with Yum! Brands and McDonald's. Both stocks currently trade at forward multiples in the mid-20s. A moderate valuation boost, coupled with steady earnings growth, could turn Domino's into a long-term compounder.
Among the many stocks Berkshire Hathaway owns, DaVita gets too little attention and appreciation. Perhaps it has to do with how DaVita's main business, operating kidney dialysis centers, has performed.
DaVita has struggled with flat customer volumes and rising costs. Yet, while full-year earnings declined 11.7% last year, a quiet recovery could be taking shape.
Results for the fourth quarter came in well ahead of Wall Street estimates. Management also provided promising guidance for 2026, including estimated adjusted earnings of between $13.60 and $15 per share. With this, DaVita could be trading for as low as 10 times forward earnings right now.
Long term, if there's an earnings growth resurgence or if DaVita further diversifies its kidney care offerings, climbing to a higher forward multiple could be within reach.
Before you buy stock in Chevron, consider this:
The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Chevron wasn’t one of them. The 10 stocks that made the cut could produce monster returns in the coming years.
Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you’d have $508,607!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you’d have $1,122,746!*
Now, it’s worth noting Stock Advisor’s total average return is 933% — a market-crushing outperformance compared to 188% for the S&P 500. Don't miss the latest top 10 list, available with Stock Advisor, and join an investing community built by individual investors for individual investors.
See the 10 stocks »
*Stock Advisor returns as of March 13, 2026.
American Express is an advertising partner of Motley Fool Money. Thomas Niel has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Berkshire Hathaway, Chevron, and Domino's Pizza. The Motley Fool has a disclosure policy.