3 Stocks Warren Buffett Should Use His $149 Billion Stash to Buy
Berkshire Hathaway published its third-quarter results earlier this month, and some big numbers stood out. For one, CEO Warren Buffett and the analysis and management team at the investment conglomerate bought back $7.6 billion of the company's own stock. The report also indicated that the company was a net seller of other stocks, and it closed the quarter with a whopping $149 billion in cash reserves.
Buffett and Berkshire are keeping their powder dry and indicating that they're finding it more difficult to find great values in the market. Read on to see why a panel of Motley Fool contributors thinks Walmart (NYSE: WMT), United Parcel Service (NYSE: UPS), and Amazon (NASDAQ: AMZN) would be strong portfolio additions for the Oracle of Omaha.
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