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Top 3 stocks buy of Warren Buffett in November
In today’s stock market, bloated valuations aren’t exactly tempting to value investors. It’s no wonder, therefore, that the world’s most famous value investor is still reducing his stock market exposure.
Berkshire Hathaway, Warren Buffett’s holding firm, sold a net $2 billion worth of shares in the third quarter, including a total withdrawal from pharmaceutical giant Merck as well as reduced investments in Mastercard and Visa.
Bloated valuations aren’t exactly appealing to value investors in today’s stock market. It’s no surprise, therefore, that the world’s most well-known value investor continues to reduce his stock market exposure.
In the third quarter, Warren Buffett’s holding company, Berkshire Hathaway, sold a net $2 billion worth of stock, including a complete withdrawal from pharmaceutical giant Merck as well as decreased interests in Mastercard and Visa.
Chevron (CVX)
Energy equities have been significant winners in recent months as oil prices have risen, and Buffett expects the party to continue.
Buffett increased Berkshire’s holding in Chevron by 24 percent in the third quarter, adding 5.6 million shares to the oil supermajor.
