3 of the Best Buffett Stocks to Own Today

As one of the most successful investors in the world, Warren Buffet’s advice is certainly worth listening to. After all, at the age of 94, he’s now worth well over $148 billion. 

In fact, if we listened to him between 1965 and 2022, as Berkshire Hathaway returned a 19.8% compounded annual gain, most of us wouldn’t be worrying about money today. 

That being said, it’s always a good idea to see what he’s still bullish on.

Look at Coca-Cola (SYM: KO)

With a yield of 3.06%, Coca-Cola (KO) – still one of Warren Buffett’s favorite yielding stocks thanks to its recession-resistant model and 62 years of consecutive dividend growth – just got a buy rating from Jefferies.

Jefferies just upgraded the stock to a buy rating, citing Coca-Cola’s strong fundamentals and anticipated cash flow. Plus, no matter what’s happening in the economy, consumers are still going to buy something from the company’s portfolio of beverages.

In addition, analysts at Piper Sandler have an overweight rating on the KO stock. The firm cited the company’s brands, exposure, and emerging market exposure as reasons for the rating.

In short, its history of growth, dividend increases, and global expansion make Coca-Cola a buy. 

Verisign (SYM: VRSN)

Warren Buffett’s Berkshire Hathaway just increased its stake in the VRSN stock. 

Most recently, the firm picked up about 377,736 shares for about $74 million in late December. The firm now owns more than 13 million shares of VRSN, which makes Berkshire the company’s largest shareholder. Why so confident? 

For one, VRSN has a gross margin of 87.6%, a 71% operating margin and a 52% net income margin at the moment. All of which are up year over year. Two, Verisign owns the digital real estate space, controlling registrations for dot-com and dot-net in our online world.

Plus, it looks like Buffett isn’t the only one willing to share in the optimism for this stock’s potential upside. Jim Simons’ Renaissance Technologies bought another 474,270 shares this month, as well. Nordea Investment Management also picked up an $81 million position in the VRSN stock just this month. Birch Capital Management also picked up another 3,996 shares.

Occidental Petroleum (SYM: OXY)

We wouldn’t be shocked if Warren Buffett’s Berkshire Hathaway bought more OXY shares on recent weakness. The firm last bought 8.9 million shares for about $405 million in late December. At this rate, it would be easy to assume that Buffett wants to buy the whole company. However, according to Buffett, that’s not the case.  

“Though we very much like our ownership, as well as the option, Berkshire has no interest in purchasing or managing Occidental. We particularly like its vast oil and gas holdings in the United States, as well as its leadership in carbon-capture initiatives, though the economic feasibility of this technique has yet to be proven. Both of these activities are very much in our country’s interest,” he wrote in a 2023 shareholder letter.

Recommended Reading – We recommended Palantir in 2021, now we’re recommending this…

This one investment could soon impact $85 trillion in economic activity.

That’s 13-times bigger than oil…

6-times bigger than the digital economy…

7-times bigger than healthcare.

And ONE firm – currently trading for only $20 a share – holds all the cards in this sector.

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