This Warren Buffett Stock Looks Like a Great Buy Today
Some investors feel pulled to Warren Buffett's stock picks like a magnet, hoping that if they follow his lead, their portfolios might imitate to some degree the wild success of Berkshire Hathaway, the conglomerate he runs. But individual investors have different goals and resources when compared to a holding company with a $700 billion market cap, and Buffett's not-necessarily secret recipe is very unlikely to produce the same results for anyone who tries to replicate it.
It does, however, make sense to look at the various stocks he buys and consider whether specific companies make sense for your portfolio. Buffett and his investment management crew tend to favor companies that have competitive moats, are well-managed, and whose shares look undervalued. These are generally good investment strategies for any long-term investor to consider.
One of the more recent additions to Berkshire Hathaway's portfolio is Brazilian fintech company StoneCo (NASDAQ: STNE). Its stock price is down almost 70% since he first opened a stake in it, for reasons both internal and external. But at the current price, it's looking like a great buy.
Source Fool.com
