When it comes to Wall Street legends, Warren Buffett is the GOAT 🐐. As the mastermind behind Berkshire Hathaway (NYSE: BRK.A)(NYSE: BRK.B), he’s racked up a staggering 5,600,000% cumulative return since the ’60s! 🎉 But wait—what’s this? While he’s throwing out warnings about a pricey stock market, he’s still swooping in on some serious stocks. Let’s break it down! 💥
📉 Cash Pile & Caution: What’s Cooking? 🍳
Over the last seven quarters, our man Warren and his investment squad, Todd Combs and Ted Weschler, have sold $132 billion more in stocks than they’ve bought. 😱 As of June 30, Berkshire’s cash stash hit a record $276.9 billion! 💵 Sounds like a cautionary tale, right? But guess what? There are still a few gems that caught Buffett’s eye. 🌟
🌊 Sirius XM Holdings: The Satellite Superstar 🎤
First up, let’s vibe with Sirius XM Holdings (NASDAQ: SIRI). Between Oct. 9 and Oct. 11, Buffett snatched up 3.56 million shares, boosting his stake to a whopping 108.7 million shares! 🎶 As the only licensed satellite-radio operator, Sirius XM is living the monopoly life. 💪
Why does Buffett dig it? Because 77% of its revenue comes from subscriptions, meaning more cash flow with less drama. Plus, the stock is valued at less than 8 times forward earnings! 🤑
🛢️ Occidental Petroleum: The Oil Titan 🦸♂️
Next, we have Occidental Petroleum (NYSE: OXY), where Buffett’s invested over $13 billion. 🌍 He’s betting big that oil prices will stay high, and honestly, he’s not wrong. With a slick debt reduction strategy and macro factors favoring oil prices, it’s a solid pick. Plus, Buffett holds warrants for 83.8 million shares! Talk about confidence! 💥
🛡️ Chubb: The Boring But Brilliant Insurer 🏦
Buffett’s third favorite? Chubb (NYSE: CB). This property and casualty insurer is where the real magic happens! 🪄 Between July 2023 and June 2024, Buffett bought more than 27 million shares, totaling about $8.2 billion. 🎊 Insurance may be boring, but Chubb knows how to ride the premium wave. 🌊
With rising Treasury yields, Chubb’s getting a nice interest income boost, making it a win-win for our investing wizard! 🧙♂️
📈 Berkshire Hathaway: The Crown Jewel 👑
And of course, we can’t forget about Buffett’s own company! He’s been on a buying spree, investing $78 billion into Berkshire stock over the past 24 quarters. 💸 With new buyback rules, he’s all about that value-boosting life! 🌈
Invest smart, stay cool, and happy trading! ✌️