2 No-Brainer Buffett Stocks to Buy for 2022
It's no secret that Berkshire Hathaway chief executive Warren Buffett likes financial stocks. About 30% of the conglomerate's portfolio is invested in the sector -- second only to information technology.
What is it about financial stocks? As my colleague Sean Williams writes, Buffett likes the cyclicality of the sector, particularly with regard to banks, as periods of growth typically last much longer than recessions.
We're in a period right now where we have come out of a recession and are experiencing economic growth, which makes it a good time in general to consider financial stocks. There are two stocks in particular from Buffett's portfolio that warrant consideration: American Express (NYSE: AXP) and Moody's (NYSE: MCO). Here's why.
Source Fool.com
