Only a few days ago, investors had begun to use the dreaded word "correction" in their conversations. The S 500 was down 10% from its previous high. There were questions about whether the major index would bounce back quickly or continue to fall.

We now know the answer. The S 500 just had its best week of 2023 so far. It's no longer in correction territory. And one of the biggest winners last week was a stock in Berkshire Hathaway's portfolio. What is this high-flying Warren Buffett stock -- and is it still a good pick for investors to buy?

Buffett first initiated a position in Paramount Global (NASDAQ: PARA) in 2022. The legendary investor has become something of a fan of media and entertainment stocks. Paramount brings an impressive lineup to the table, including CBS, Showtime, MTV, Paramount Pictures, and streaming services Paramount+ and PlutoTV.

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Source Fool.com