Key Takeaways Berkshire Hathaway shares will be on investors’ radar screens Monday after legendary investor Warren Buffett said that he plans to step down as CEO at the end of this year.Berkshire shares broke out above the upper trendline of an ascending triangle in Friday’ s trading session,

Buffett said he will recommend to Berkshire Hathaway’s board that Greg Abel should become CEO at the end of the year.

Warren Buffett shared big news at the Berkshire Hathaway shareholders meeting yesterday: His plan to step aside as CEO later this year in favor of his longtime heir apparent, Greg Abel. If the announcement was huge, the timing was even more masterful.