Six blue-chip stocks aggressively backed by Warren Buffett are on sale on Wall Street as the year draws to a close, mainly due to broad economic factors and stock market fashion. That makes them worth a look,

The S&P 500 Index ( ^GSPC -0.43%) enjoyed a fantastic year in 2024, gaining roughly 24% (as of Dec. 30). Warren Buffett's Berkshire Hathaway ( BRK.A 0.41%) ( BRK.B 0.25%) performed similarly, depending on which share class you look at.

Berkshire Hathaway bought up more VeriSign shares as the final days of 2024 ticked away. Warren Buffett’s company paid $15.6 million from Dec. 26 through Monday for 76,487 more shares of VeriSign, a provider of internet domain-name registry services.

The Berkshire Hathaway chief sticks to a winning investing formula, but he does not sit still.

Warren Buffett, the iconic investor and chairman of Berkshire Hathaway (NYSE:BRK), is renowned for his timeless advice on wealth-building. What Happened: With a net worth of approximately $142 billion,

Together with the 139,930 Verisign shares purchased earlier in December, Buffett has now increased his stake in the business to roughly 13.3 million shares in total. The stock is trading at an attractive forward price-to-earnings (PE) ratio of 22.97, and readers should note that the company’s last quarterly report included a strong earnings beat.

Key Takeaways At the end of the third quarter, Berkshire Hathaway's cash pile swelled to a record $325.2 billion.Warren Buffett scaled back Berkshire's stake in its largest holding, Apple, and trimmed its position in Bank of America and other long-held investments.