| Record revenues and a $32.50 price target make this a hot biotech stock for your 2025 radar! (from Huge Alerts) |
One of the best ways to spot opportunity is by tracking Warren Buffett.
In fact, if you want to invest in companies attractive to the billionaire, make sure they are:
Simple companies that are easy to understand
Companies with predictable and proven earnings
Companies that can be bought at a reasonable price
Companies with “economic moat,” or a unique advantage over its competition.
“I look for companies that have a business we understand; favorable long-term economics; able and trustworthy management; and a sensible price tag. We like to buy the whole business or, if management is our partner, at least 80%,” says Warren Buffett.
One of the top stocks Warren Buffett’s Berkshire Hathaway has been buying is Occidental Petroleum (SYM: OXY) on dips.
Most recently, after OXY pulled back about 30% from its high, the firm picked up another 763,017 shares for just over $35.7 million. That follows the firm’s 8.9 million share purchase in December on another pullback.
While there’s speculation of a potential takeover, that’s not likely. As Buffett told shareholders in a 2023 letter, “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.”
Oversold, OXY is also starting to pivot higher from double bottom support. It’s also starting to push higher from over-extensions on RSI, MACD and Williams’ %R. From. Its last traded price of $48.61, we’d like to see OXY initially retest $53.20.
Moving forward, we wouldn’t be shocked if Berkshire bought more OXY on dips.
Important Reading: Elon’s New Tech Could Be Bigger Than Tesla & SpaceX… Combined
“Forget rockets or brain implants…
Elon’s new AI product could be his biggest invention yet.
Jeff Brown tried it himself recently and caught his experience on camera.
Click here to see this footage because according to Tesla Magazine, this new product “could well shape the technological and economic future of our society.”
