3 Stocks for Warren Buffett Fans
Warren Buffett is well known for his long-term investment perspective, and Berkshire Hathaway's portfolio includes a number of stocks worth consideration for retail investors' buy-and-hold portfolios. We asked three Foolish investors which Buffett or Buffett-like stocks jumped out at them to buy today. Below, they explain why they recommend two Berkshire holdings -- cloud leader IBM (NYSE: IBM), iEverything maker Apple (NASDAQ: AAPL) -- and one company Buffett doesn't own, but should look into: oil refining giant Valero Energy (NYSE: VLO).
Tim Brugger: (IBM): Much was made of it when word came that Warren Buffet had sold some IBM stock earlier this year. The tech giant's shareholders have had a rough 2017, with the stock down 12%. Thing is, Berkshire Hathaway still owns more than 54 million shares of IBM for the same reasons Buffett's fans should consider buying in: value and income.
Even as an IBM bull, I'll be the first to admit last quarter was not pretty for Big Blue. Setting aside its 5% drop in total revenue to $19.3 billion -- the 21st straight quarter of top-line declines -- the relatively slow growth from IBM's all-important strategic imperatives units was disconcerting.
Source: Fool.com
Apple Inc. Stock
Our community is currently high on Apple Inc. with 80 Buy predictions and 5 Sell predictions.
As a result the target price of 200 € shows a slightly positive potential of 12.32% compared to the current price of 178.06 € for Apple Inc..
