2 Top Warren Buffett Stocks to Buy Right Now
Warren Buffett is one of the most successful investors of all time. So when he backs a particular company, it pays to find out why. The billionaire's holding company, Berkshire Hathaway, has thrown its weight behind Sirius XM (NASDAQ: SIRI) and Kroger (NYSE: KR). Let's explore the reasons why Buffett might be bullish on these stocks.
Sirius XM is the leading satellite radio company in the U.S. It has a virtual monopoly over the market, although it still competes with terrestrial radio. The company fits well into Buffett's portfolio because of its strong moat and reasonable valuation of 27 times earnings (compared to the S&P 500 average of 36). Sirius can drive future growth by boosting its installation rate in new cars.
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Source Fool.com
