Warren Buffett is betting big on these companies

Apple, Bank of America and Wells Fargo are among Berkshire Hathaway's 15 biggest stock holdings, which chairman and CEO Warren Buffett will discuss in more detail this week at the company's annual meeting in Omaha, Neb., according to CNBC.

Mr. Buffett is in for the long haul with these stocks saying he doesn't view them "as a collection of ticker symbols," rather "a financial dalliance to be terminated because of downgrades by the Street," he said in his 2018 annual letter, CNBC reports. 

Apple

Mr. Buffett is a new supporter of the iPhone maker, owning more than $40 billion value of the tech giants as of the end of 2018. He first purchased Apple stock in February 2017 despite his past avoidance of tech stocks. And Mr. Buffett can be motivated to buy more if Apple stock got cheaper, he told CNBC in an interview in February.

Bank of America, Wells Fargo

Mr. Buffett has doubled down his investments in the banking industry, pouring money into Bank of America, U.S. Bancorp, JPMorgan Chase and Goldman Sachs. He is also the single-largest shareholder of Wells Fargo, CNBC reports.

In his latest investment with JPMorgan, Mr. Buffett is tackling healthcare after praising the leadership of Jamie Dimon for years.

Coca-Cola

When it comes to investing in Coca-Cola, Mr. Buffett said it comes down to loyalty. The company's stock has been underperforming this year, but Mr. Buffett is confident Coca-Cola will make the right changes.

"There's a huge loyalty factor, but it's not as strong as it was," Mr. Buffett told CNBC last year.

Occidental Petroleum

Mr. Buffett got involved April 30 in a bidding war in the energy industry, investing $10 billion in Occidental Petroleum, according to CNBC.

More articles on leadership and management:
Lawyer bills NY hospital for representing fired board chair
Removing barriers, improving lives: Amy Mansue explains her new role at RWJBarnabas Health
10 hospitals hiring CEOs

© Copyright ASC COMMUNICATIONS 2019. Interested in LINKING to or REPRINTING this content? View our policies by clicking here.

 

Top 40 Articles from the Past 6 Months