BYDDY - The Best Warren Buffett Stocks to Buy With $5000 Right Now
2024-06-27 05:41:00 ET
Berkshire Hathaway (NYSE: BRK.A) (NYSE: BRK.B) owns dozens of stocks in its $370 billion portfolio, but with the S&P 500 near an all-time high, not all of them look like attractive investment opportunities right now. However, there are two in particular that are near the top of my watch list right now. Here's what they are, and why they're worth a closer look for patient long-term investors.
BYD (OTC: BYDDY) is a China-based electric vehicle manufacturer and was a favorite of Berkshire's late vice chairman Charlie Munger. In fact, Munger went so far as to once say "I have never in my life felt more privileged to be associated with something than I feel about BYD."
The company has been around since the 1990s and was an early supplier of batteries to companies like Motorola (NYSE: MSI) before pivoting to EVs. However, producing its own electric vehicle batteries (and many other vehicle components) in-house gives it a major competitive advantage.
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The Best Warren Buffett Stocks to Buy With $5,000 Right Now