It shouldn't be surprising that Buffett is zigging somewhat in 2024. The legendary investor and his team sold 11 stocks owned by Berkshire Hathaway in the second quarter. However, analysts remain quite bullish about several of them. And Wall Street thinks one of them could soar roughly 45% over the next 12 months.

In fact, Buffett's been a net seller of stocks for seven consecutive quarters beginning with Q4 2022. Considering the size of his Bank of America stock sale, Berkshire will likely confirm an eighth-straight quarter when it reports its earnings next month.

Warren Buffett’s recent moves to trim Berkshire Hathaway’s holdings in Apple and Bank of America have raised questions about what it means for the market and economy. However, it’s unlikely that the takeaway is simple or scary.

Warren Buffett has never claimed to be able to predict what the stock market would do over the near term. In a 2008 op-ed for The New York Times, he wrote, "I can't predict the short-term movements of the stock market. I haven't the faintest idea as to whether stocks will be higher or lower a month, or a year, from now."