Stocks

Warren Buffett's Top Stock Picks to Acquire in March

Published March 20, 2024

When it comes to investment wisdom, few can match the insights of Warren Buffett, the legendary investor and CEO of Berkshire Hathaway. Known as the 'Oracle of Omaha,' Buffett's strategy of picking strong companies and holding onto them has often borne fruit. As we step into March, there are three stocks in Buffett's portfolio that investors might consider adding to their own holdings with vigor. These companies not only have solid fundamentals but also possess the enduring qualities Buffett often looks for.

Apple Inc. - AAPL

As a behemoth in the tech industry, Apple Inc. AAPL stands out as a dominant force. Being the world's largest technology company in terms of revenue, which amounted to $274.5 billion in 2020, Apple enjoys a robust presence in consumer electronics, software, and online services. Moreover, it claimed the title of the world's most valuable company as of January 2021. Apple's prowess extends to being the fourth-largest PC vendor and smartphone manufacturer globally, cementing its position as one of the Big Five American IT companies alongside Amazon, Google, Microsoft, and Facebook. The breadth and adaptability of Apple's product lineup make it a key pick for investors seeking growth and resilience.

Bank of America Corp. - BAC

The financial sector is well-represented in Buffett's portfolio with Bank of America Corp. BAC. With its headquarters in Charlotte, North Carolina, Bank of America holds the title of the second largest banking institution in the United States. Born from a merger, it now competes on the global stage as the eighth largest bank in the world. As a Big Four bank in the U.S., it boasts of servicing around 10% of all American bank deposits. Its offerings span across commercial banking, wealth management, and investment banking, potentially providing a balanced asset for an investment portfolio.

Chevron Corporation - CVX

With a history rooted in Standard Oil, Chevron Corporation CVX has grown to be a leading multinational energy corporation. Headquartered in California and operating in over 180 countries, Chevron has its hands in various aspects of the oil and natural gas industries. This includes exploration, production, refining, marketing, transport, and even chemical manufacturing and power generation. The energy sector often provides a stable bedrock for portfolios, especially with companies like Chevron that have proven themselves through decades of market cycles.

Berkshire Hathaway Inc. - BRK-A

Last but certainly not least, Buffett's own Berkshire Hathaway Inc. BRK-A conglomerate remains a testament to diversified success. With its array of wholly owned subsidiaries and significant stakes in major companies, Berkshire Hathaway stands as a powerhouse of investment potential. Its holdings cut across various industries, from insurance and retail to utilities and food and beverage, offering a composite picture of the American economy. For investors seeking broad exposure with a single stock, Berkshire Hathaway is a compelling choice.

Buffett, Investment, Stocks