US Stock Market: Warren Buffet Buys This Stock Every Month For 5 Years
Ace investor Warren Buffet is known for selecting the best US stocks that deliver tenfold profits in the long term. The self-made billionaire has invested in multiple sectors across the US stock market from technology to banking and media entertainment. However, Warren Buffet has been investing in US stock stock religiously every month for five years. His investment firm Berkshire Hathaway has been initiating the ‘buy’ call for this particular US stock since mid-2018.
Also Read: U.S. Dollar Bounces Back Leading Gold & Oil Prices To Dip
In this article, we will highlight the US stock that Warren Buffet has been consecutively buying every month for five years. However, this does not guarantee that the stock will deliver high returns for you simply because of Warren Buffet’s purchase.
Warren Buffet Buys This US Stock Every Month Since 2018
Warren Buffet’s Berkshire Hathaway has been continuously buying the US energy stock Occidental Petroleum (OXY) for five years every month. Occidental Petroleum (OXY) has received undivided attention from Warren Buffet and his investing lieutenants in Berkshire Hathaway.
Also Read: US Dollar Might Fall To 96-97 Range in March 2024
In 2022, Buffet held $10 billion worth of Occidental Petroleum stocks that yielded him 8% annual profits. However, in January 2024 alone, Berkshire Hathaway accumulated another $243.7 million worth of stocks in OXY. The billionaire now owns a $14.1 billion stake in Occidental Petroleum stocks and might continue accumulating in 2024.
The reason for Buffet’s bet on OXY stocks is that the billionaire believes Spot Crude Oil prices will remain elevated or head even higher. The conflict between Russia and Ukraine has led to uncertainty in crude oil prices leading to a tighter global supply. When the supply of a key commodity is strained, Spot prices for the commodity mostly increase.
Also Read: BRICS: China Stockpiling 1.39 Million Barrels of Oil Every Day
Therefore, Buffet’s bet on OXY could remain every month until the war between Russia and Ukraine ends. Read here to know the other US stock that Warren Buffet has started accumulating in 2024.
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US Stock Market: Warren Buffet Buys This Stock Every Month For 5 Years
Ace investor Warren Buffet is known for selecting the best US stocks that deliver tenfold profits in the long term. The self-made billionaire has invested in multiple sectors across the US stock market from technology to banking and media entertainment. However, Warren Buffet has been investing in US stock stock religiously every month for five years. His investment firm Berkshire Hathaway has been initiating the ‘buy’ call for this particular US stock since mid-2018.
Also Read: U.S. Dollar Bounces Back Leading Gold & Oil Prices To Dip
In this article, we will highlight the US stock that Warren Buffet has been consecutively buying every month for five years. However, this does not guarantee that the stock will deliver high returns for you simply because of Warren Buffet’s purchase.
Warren Buffet Buys This US Stock Every Month Since 2018
Warren Buffet’s Berkshire Hathaway has been continuously buying the US energy stock Occidental Petroleum (OXY) for five years every month. Occidental Petroleum (OXY) has received undivided attention from Warren Buffet and his investing lieutenants in Berkshire Hathaway.
Also Read: US Dollar Might Fall To 96-97 Range in March 2024
In 2022, Buffet held $10 billion worth of Occidental Petroleum stocks that yielded him 8% annual profits. However, in January 2024 alone, Berkshire Hathaway accumulated another $243.7 million worth of stocks in OXY. The billionaire now owns a $14.1 billion stake in Occidental Petroleum stocks and might continue accumulating in 2024.
The reason for Buffet’s bet on OXY stocks is that the billionaire believes Spot Crude Oil prices will remain elevated or head even higher. The conflict between Russia and Ukraine has led to uncertainty in crude oil prices leading to a tighter global supply. When the supply of a key commodity is strained, Spot prices for the commodity mostly increase.
Also Read: BRICS: China Stockpiling 1.39 Million Barrels of Oil Every Day
Therefore, Buffet’s bet on OXY could remain every month until the war between Russia and Ukraine ends. Read here to know the other US stock that Warren Buffet has started accumulating in 2024.
Read More