2 Warren Buffett Favorites to Buy on the Dip
When Warren Buffett chooses stocks, he looks for companies with great long-term stories. The billionaire investor once said, "If you aren't willing to own a stock for 10 years, don't even think about owning it for 10 minutes." And this means, when searching for great forever stocks to buy, you could turn to Buffett for inspiration.
Now is the perfect time to do just that. Some of Buffett's holdings have slipped amid today's economic woes -- but they still have what it takes to deliver excellent financial and share price performance over time. Let's check out two Buffett favorites to buy on the dip.
Amazon (NASDAQ: AMZN) has suffered from headwinds linked to the economy as well as a couple of internal challenges. Rising inflation has lifted costs -- and hurt customers' buying power. Amazon also has found itself with excess capacity after a rapid buildout of its fulfillment network. Finally, the company last year took a pre-tax valuation loss on its stock investment in Rivian Automotive.
Source Fool.com
