3 Warren Buffett Stocks to Buy Hand Over Fist in June
Several of the Oracle of Omaha's longtime favorites would be at home in most investors' portfolios.
He may be set to step down as head of Berkshire Hathaway (NYSE: BRK.A) (NYSE: BRK.B) at the end of this year, but most of the conglomerate's stock holdings are still Warren Buffett's picks. So if you're looking for Buffett-approved ideas, Berkshire's portfolio is still the place to find them. Here are three in particular that you may want to dive into before the end of this month.
After nearly two decades of slow and steady (and mostly unheralded) growth, but also due to the recent downsizing of its stake in Bank of America, American Express (NYSE: AXP) has become Berkshire Hathaway's second-biggest holding. With 151.6 million shares, Berkshire owns about 22% of the credit card lender, and that $44.5 billion position makes up 16% of the value of Berkshire's stock portfolio.
What's so special about this seemingly ho-hum outfit that's inspired Buffett to not only stick with it for this long, but allow it to become such a major piece of Berkshire's portfolio?
