"Warren Buffett's Top Growth and Dividend AI Stocks to Buy and Hold in 2024"

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Source: The Motley Fool
"Warren Buffett's Top Growth and Dividend AI Stocks to Buy and Hold in 2024"
Photo: The Motley Fool
TL;DR Summary

Warren Buffett's Berkshire Hathaway owns a small but potentially promising stake in StoneCo, a Brazil-based fintech company that has seen its stock price plummet by 80% since its peak. Despite past issues with its credit business, StoneCo is showing strong financial performance and growth prospects, particularly in Brazil's large economy. With a current valuation that appears cheap relative to its business momentum and a strong balance sheet, StoneCo is suggested as a growth stock to buy in 2024 and hold for the long term, with the potential for significant returns.

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