Although Warren Buffett, CEO of Berkshire Hathaway (NYSE: BRK.A), owns a wide array of well-performing stocks, earning him the nickname ‘Oracle of Omaha’ due to his exceptionally successful stock trades, some of his stock finds in particular deserve attention.
As it happens, there are two specific stocks in legendary investor’s portfolio that have strong buy ratings for August this year, according to the opinions of Wall Street’s leading stock market analysts who have offered their stock price targets in the past three months.
#1 T-Mobile US (TMUS)
Despite Buffett having cut his position in T-Mobile US (NASDAQ: TMUS) by 570,000 shares or a 10.87% negative change, TMUS stock remains a ‘strong buy’ at the moment according to the consensus of 17 experts, with no ‘hold’ or ‘sell’ calls, and offering an average price prediction of $191.96.
In terms of its current price, TMUS stock was trading at $194.63, which indicates a 0.50% gain over the past week, adding up to the increase of 6.37% on the month and an advance of 20.21% since the year’s turn, according to the most recent chart information.
#2 Heico (HEI)
One of Buffett’s newest positions in addition to Ulta Beauty (NASDAQ: ULTA) is aerospace and engineering company Heico (NYSE: HEI), which is also a ‘strong buy’ based on nine analysts recommending a ‘buy,’ two voting to ‘hold,’ and with no ‘sell’ suggestions, setting the average HEI stock price at $239.64.
At press time, the price of TMUS stock stood at $239.39, recording a 2.33% increase across the week, an accumulated gain of 3.72% on its monthly chart, as well as growing 34.59% year-to-date (YTD), as per the latest information retrieved on August 16.
Warren Buffett’s other positions
Meanwhile, Buffett now owns more US Treasury bills than the Federal Reserve, as well as having purchased over 96 million Sirius XM Holdings (NASDAQ: SIRI) shares, 7 million Liberty Sirius XM (NASDAQ: LSXMA, LSXMK) stocks, 1.1 million Chubb Limited (NYSE: CB) stocks, and 7.3 million Occidental Petroleum (NYSE: OXY) shares.
At the same time, he has cut his positions in Liberty Media (NASDAQ: LLYVA, LLYVK), Chevron (NYSE: CVX), Louisiana-Pacific Corp. (NYSE: LPX), Floor & Decor Holdings (NYSE: FND), Capital One Financial (NYSE: COF), Apple (NASDAQ: AAPL), as well as completely exiting from Snowflake (NYSE: SNOW) and Paramount Global (NASDAQ: PARA).
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Source: https://finbold.com/buy-alert-2-warren-buffett-stocks-with-strong-buy-ratings-for-august-2024/