Warren Buffett’s Berkshire Hathaway has a remarkable track record when it comes to investing, making Buffett one of the wealthiest individuals in the world. With a net worth of nearly $120 billion, Buffett has not only built a successful conglomerate but also manages a stock portfolio valued at $348 billion. As a result, it’s worth paying attention to what stocks Warren Buffett is buying.
In the second quarter, Berkshire Hathaway made some surprising purchases. Despite rising interest rates and the subsequent impact on home affordability, Buffett’s company bought shares in three homebuilders: D.R. Horton, Lennar, and NVR. This suggests that Buffett or his team believe that the worst may be behind the industry, given the strength of home prices and limited new home supply. Additionally, Berkshire Hathaway increased its stake in Capital One, despite expectations of a decline in earnings per share due to rising credit card delinquency rates. Buffett also took advantage of lower oil prices by boosting his stake in Occidental Petroleum.
Keywords: Warren Buffett, Berkshire Hathaway, stock portfolio, homebuilders, Warren Buffett purchases, D.R. Horton, Lennar, NVR, Capital One, Occidental Petroleum, rising interest rates, home affordability, limited new home supply, credit card delinquency rates, lower oil prices.
Hashtags: #WarrenBuffett #BerkshireHathaway #stockportfolio #homebuilders #investing #D.R.Horton #Lennar #NVR #CapitalOne #OccidentalPetroleum #interestrates #homeaffordability #creditcarddelinquencyrates #oilprices
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