2 Top Warren Buffett Stocks for 2024
Warren Buffett's investing decisions since taking over Berkshire Hathaway back in 1965 helped guide shares of the holding company to a 3,787,464% return through the end of 2022. Buffett has demonstrated a sustained gift for identifying outstanding businesses that create lasting wealth for shareholders, and Berkshire's current stock holdings include several top brands that would make solid additions to anyone's portfolio.
Two Berkshire holdings stand out for their brand strength, and one of them trades at a bargain price. Let's look at why Buffett continues to hold large stakes in Kraft Heinz (NASDAQ: KHC) and Apple (NASDAQ: AAPL), and why these two stocks might be great buys to start the new year.
Berkshire Hathaway has held a large stake in Kraft Heinz since 2015. Kraft Heinz benefits from strong brands and pricing power. These qualities helped keep sales growth up in a year when consumer spending was challenged by rising inflation. The consumer staples company's shares trade at a cheap valuation, but an improving economy led by lowering inflation should also result in improving share prices.
Source Fool.com
