This Is Warren Buffett's Favorite Stock Right Now
Many investors follow Warren Buffett's moves more closely than those of any other investor. The CEO of Berkshire Hathaway (NYSE: BRK.A) (NYSE: BRK.B) is famous for his no-nonsense attitude toward investing and his emphasis on value. When he makes decisions about stocks, you can be confident that Buffett's motivations are never about following the crowd or jumping into a popular trend. The Berkshire leader's discipline is what has earned him such an impressive track record as an investor throughout his long career.
This past weekend, Berkshire Hathaway released its latest earnings report. Even though the company won't make its formal filing about its recent portfolio moves until later this week, the earnings release did reveal that Buffett has a new stock among his favorites -- and he ramped up purchases of that stock dramatically during the second quarter.
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Source Fool.com
