SNOW - 2 Warren Buffett Stocks That Could Go Parabolic
2023-06-16 06:30:00 ET
Investors do not typically associate Warren Buffett and his team at Berkshire Hathaway with stocks that could go parabolic. Berkshire typically buys better-known positions like Apple , Coca-Cola , and American Express with a value mentality rather than a hope of finding the next great growth stock.
Still, investors must remember that Buffett has handed some of the decision-making to lieutenants with more of a growth philosophy. You can find some growth stocks in the portfolio, like Snowflake (NYSE: SNOW) and StoneCo (NASDAQ: STNE) , which could see massive gains in a bull market.
Berkshire made its first investment before the company's 2020 initial public offering (IPO) , eventually acquiring more than 6.1 million shares. Knowing that, Snowflake was almost certainly chosen by Buffett's lieutenants since he has always spoken negatively about buying IPO stocks.
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2 Warren Buffett Stocks That Could Go Parabolic