Berkshire slightly increased its 179.4 million share stake in Bank of America stock while eliminating long-time stakes in US Bancorp and the Bank of New York Mellon. Buffett has eliminated a number of bank investments in recent years, but he continues to back Bank of America.
In the first quarter of 2023, Warren Buffett's Berkshire Hathaway bought three new stocks – Capital One Financial, Diageo ADR, and Vitesse Energy. Berkshire Hathaway increased its stake in seven others: Apple, Bank of America, Occidental Petroleum, HP, Citigroup, Paramount Global, and Markel.
Warren Buffett has continued to snap up millions of shares of Occidental Petroleum (OXY) in recent months despite the company's stock posting a 9.7% loss so far in 2023, according Morningstar data through June 22.
Key Takeaways. Berkshire Hathaway's portfolio's five largest positions are in Apple Inc. (AAPL), Bank of America Corp (BAC), Chevron (CVX), The Coca-Cola Company (KO), and American Express Company (AXP). Apple is Berkshire's largest holding, accounting for 39% of its stock portfolio.
The average price target represents 12.01% Increase from the current price of $62.44. Coca-Cola's analyst rating consensus is a Strong Buy.
Stock funds
A stock fund, either an ETF or a mutual fund, is a great way to invest during a recession. A fund tends to be less volatile than a portfolio of a few stocks, and investors are wagering less on any single stock than they are on the economy's return and a rise in market sentiment.
For example, certificates of deposit (CDs), money market accounts, municipal bonds and Treasury Inflation-Protected Securities (TIPS) are among the safest types of investments. Certificates of deposit involve giving money to a bank that then returns it with interest after a certain period of time.
The best recession stocks include consumer staples, utilities and healthcare companies, all of which produce goods and services that consumers can't do without, no matter how bad the economy gets.
By maintaining multiple accounts across several FDIC-insured banks — or at least multiple accounts at one FDIC-insured bank — you can protect your money in the event of a bank failure. Two wise ways to do this are with high-yield savings and certificate of deposit (CD) accounts.
Coca-Cola (NYSE:KO) Q2 results suggest that it can bubble to new highs in 2023, but there is at least 1 headwind for the market that could keep it from moving higher. The analysts. 13 of whom rate the stock a firm Moderate Buy, aren't gushing with excitement, and their price target activity is unlikely to spur a rally.
If you're looking for a reasonably valued income stock with decent growth prospects, J&J should definitely be on your radar.
Loop Capital Markets Sticks to Its Buy Rating for McDonalds (MCD) - TipRanks.comCurrently, the analyst consensus on McDonalds is a Strong Buy with an average price target of $318.22, an 8.75% upside from current levels.
"Price is what you pay.
Buffett is widely celebrated as the greatest value investor of all time – and with good reason. That's exactly why this 2008 quote resonates. Buffett has historically prioritized finding deeply discounted stocks of good (i.e., value) companies and hanging on to them for the long haul.
Pfizer is an excellent long-term play
Pfizer's stock could remain under pressure in the near term as its revenue continues to decline on a year-over-year basis. But investors with a time horizon of five years or more can safely buy the company's shares.
Pfizer's analyst rating consensus is a Moderate Buy. This is based on the ratings of 17 Wall Streets Analysts.
The 21 analysts offering 12-month price forecasts for Coca-Cola Co have a median target of 71.00, with a high estimate of 76.00 and a low estimate of 63.00. The median estimate represents a +13.64% increase from the last price of 62.48.
Its stock is down around 4% this year, partly due to investors flocking toward tech and beaten-down growth stocks that have rallied in 2023. Despite lagging stock performance this year, Coca-Cola is positioned to be a great long-term investment.
In short, if you have less than $250,000 in your account at an FDIC-insured US bank, then you almost certainly have nothing to worry about. Each deposit account owner will be insured up to $250,000 - so, for example, if you have a joint account with your spouse, your money will be insured up to $500,000.
In most bank failures, you don't have to do anything to get your money back. You can use your account as you did previously, but it will be at a new bank. If you have direct deposits routed to your account, the FDIC will reroute them to the acquiring bank.