January 16, 2014
As we look at the economic forecast who better to listen than the guru’s. Moreover, listening to guru’s whose consistent track record amid the economic turbulence supports their market success. The guru “Warren Buffett’s 10 Favorite Stocks” are food for thought.
Cheat Sheet posts, “Berkshire’s top ten stocks, according to dollar value at the end of September” has delivered a predictions balancing blue chips and best in play picks. Warren Buffet, chief executive officer and largest shareholder of Berkshire Hathaway (NYSE:BRKA) is delivering the following selected picks:
10. Goldman Sachs (NYSE:GS)
YTD Performance: 28 percent
Berkshire did not show a position in Goldman Sachs on the 13-F, but the firm has more than 13 million shares worth about $2.1 billion. Berkshire acquired the shares through warrants from a well-timed investment during the financial meltdown five years ago.
9. DIRECTV (NASDAQ:DTV)
YTD Performance: 28 percent
Berkshire held 36.5 million shares of the satellite provider at the end of the third-quarter, worth almost $2.2 billion. In comparison, Berkshire held about 37.3 million shares at the end of the second-quarter.
8. U.S. Bancorp (NYSE:USB)
YTD Performance: 20 percent
The Minnesota-based bank continues to be a favorite of Buffett’s as Berkshire increased its stake slightly to 79.1 million shares during the third-quarter, worth nearly $2.9 billion.
7. Exxon Mobil (NYSE:XOM)
YTD Performance: 8 percent
The world’s largest publicly traded oil company was a new position for Berkshire. At the end of September, the firm held 40.1 million shares, worth $3.4 billion. This is the first time Buffett has held Exxon Mobil since 2011. Interestingly, Berkshire reduced its stake in ConocoPhillips (NYSE:COP) by about 10.6 million shares during the third quarter.
6. Wal-Mart (NYSE:WMT)
YTD Performance: 16 percent
Berkshire held 49.2 million shares of the world’s largest retailer at the end of the third-quarter, worth $3.6 billion.
5. Procter & Gamble (NYSE:PG)
YTD Performance: 24 percent
During the third quarter, Berkshire kept its stake in the Ohio-based company at 52.8 million shares, worth almost $4 billion.
4. American Express (NYSE:AXP)
YTD Performance: 42 percent
Berkshire held 151.6 million shares of the credit card giant at the end of the third-quarter, worth $11.4 billion.
3. International Business Machines (NYSE:IBM)
YTD Performance: -5 percent
The information technology company is the most influential blue chip in the Dow Jones Industrial Average, and one of Buffett’s biggest holdings. Berkshire held 68.1 million shares of IBM at the end of the third-quarter, worth $12.6 billion.
2. Coca-Cola (NYSE:KO)
YTD Performance: 11 percent
Berkshire held 400 million shares of the world renowned beverage company at the end of the third-quarter, worth $15.2 billion.
1. Wells Fargo (NYSE:WFC)
YTD Performance: 26 percent
The nation’s largest bank by market capitalization is also Buffett’s top holding. Berkshire held 463.1 million shares of Wells Fargo at the end of the third-quarter, worth $19.1 billion.
Additional reading: Billionaires Love These 10 Stocks