1 Warren Buffett Stock to Buy Hand Over Fist in June
Warren Buffett is known for his value style of investing, and the safe stocks that he tends to pick have helped him beat the market over the past few decades. You don't need to look any further than the current market to see how safe stocks can power your portfolio under challenging circumstances, and Warren Buffett sees the same market.
Conditions over the past few months compelled his holding company, Berkshire Hathaway (NYSE: BRK.A)(NYSE: BRK.B), to invest in eight new positions, including Ally Financial (NYSE: ALLY). If you take a look at Ally, you'll probably agree that its stock looks like a screaming buy this month.
Ally Financial has been around since 1919, and its core business is auto loans and insurance. But it has thrived in its new form as a digital bank with an investment arm, corporate finance segment, and mortgage category.
Source Fool.com
