Warren Buffett just loaded up on these 3 stocks
The post Warren Buffett just loaded up on these 3 stocks appeared on BitcoinEthereumNews.com.
As one of the most successful investors of all time, every single move that Warren Buffett makes in the markets naturally attracts attention. The ‘Oracle of Omaha’ has managed to outperform the markets on a consistent basis — and while that is a tall order, his approach is based on a surprisingly simple set of rules. The billionaire is a value investor — in other words, he looks for undervalued businesses that have solid fundamentals. In addition to this, he has a noted preference for stocks that have a moat — some type of long-term competitive advantage that gives it the upper hand in its industry. Throughout the course of 2024, Buffett and his company, Berkshire Hathaway (NYSE: BRK.B) have been net sellers — while they have, on occasions, increased their stake in certain businesses, on the whole, they seem rather bearish — particularly once we factor in the fact that Buffett is sitting on a record-breaking cash position. With that in mind, any purchase made by Buffett this year is of note — as he obviously sees outperformance amidst a less-than-stellar market in the cards. Per data retrieved by Finbold’s insider trading radar from recently publicized SEC filings, in December, Buffett made two notable stock purchases. Receive Signals on SEC-verified Insider Stock Trades Stocks This signal is triggered upon the reporting of the trade to the Securities and Exchange Commission (SEC). Enable signal Occidental Petroleum Occidental Petroleum (NYSE: OXY), a business that Buffett first invested in back in 2019, received a new vote of confidence from the billionaire, who bought 8,896,890 units of OXY stock from December 17 to December 19. These transactions, which took place at prices ranging from $45.54 to $46.91 per OXY share, were worth a grand total of roughly $409,153,147. Form 4 filing detailing Buffett’s…
