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5 Stocks Warren Buffett Keeps Buying

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Tuesday, 05 February 2019 05:07 PM

Warren Buffett has stakes in 46 publicly traded companies, but he has demonstrated particular interest in several of them over recent quarters, Forbes.com recently reported.

Buffett tends to look for companies that are high quality with an “enduring ‘moat’ that protects excellent returns on invested capital,” he said in a 2007 shareholder letter.

“Long-term competitive advantage in a stable industry is what we seek in a business. If that comes with rapid organic growth, great. But even without organic growth, such a business is rewarding,” Buffett wrote, according to Forbes.

The companies that he has bought most consistently are:

  1. Apple Inc. (AAPL),
  2. Bank of New York Mellon Corp. (BK),
  3. Delta Air Lines Inc. (DAL),
  4. General Motors Co. (GM) and
  5. Goldman Sachs Group Inc. (GS), Forbes reported, citing a report in GuruFocus.com.

However, the Oracle of Omaha doesn't always have the magic touch in picking stocks.

Buffett has a questionable track record investing in technology companies, Bloomberg reported.

After famously avoiding tech stocks for decades, saying he didn’t understand them well enough, the billionaire’s Berkshire Hathaway Inc. stashed more than $10 billion into International Business Machines Corp. starting in 2011. He completely exited the stake about a year ago, admitting his analysis had been flawed -- a rare black mark in a career spent building one of world’s biggest piles of wealth.

Buffett’s bet on Apple -- which amounted to about 252 million shares at the end of September, or more than 5 percent of the total -- has face volatility latley. Apple stock plunged last month after Apple slashed its revenue forecast, blaming an economic slowdown in China and saying fewer people upgraded their iPhones than anticipated.

When describing companies he was looking to acquire, Buffett once wrote that he prefers “simple businesses,” adding, "If there’s lots of technology, we won’t understand it.”

Meanwhile, in the third quarter, Buffett’s Berkshire Hathaway ramped up its bet on banks with stakes in JPMorgan and PNC, while also boosting its position in Bank of America by 29 percent and Goldman Sachs by 38 percent, Bloomberg reported. 

Berkshire sold out of Walmart and Sanofi in the quarter.

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5 Stocks Warren Buffett Keeps Buying
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2019-07-05
Tuesday, 05 February 2019 05:07 PM
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