3 Warren Buffett stocks to buy now

Consider Adding These Buffett Stocks For The Long Term

Legendary investor Warren Buffett is perhaps one of the most respected names in finance. Its long history of investing success speaks for itself, which is why people tend to focus on what the “Oracle of Omaha” does throughout the year to find ideas and ideas. Given that Mr. Buffett follows the Benjamin Graham school of value investing, now could be the perfect time for investors to add some Warren Buffett stocks given the foam in many market sectors.
Buffett tends to target unduly low-priced stocks based on their intrinsic value, which means adding stocks from his long-term favorite companies tends to work most often. After Berkshire Hathaway’s 13F was recently filed with the SEC, several of its new buys and existing holdings stand out as possible winners to consider at this time.
That’s why we’ve put together the following list of 3 Warren Buffett stocks to buy now, let’s take a closer look at them below.

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Floor & Decor Holdings Inc. (NYSE: FND)

One of the companies Mr. Buffett increased his stake in last quarter is Floor & Decor, which is a multi-channel specialty retailer and commercial flooring distributor of hard surface flooring and related accessories. It looks like Warren is banking on the continued strength of the housing market, and this home improvement retailer offers a unique way to play on that trend. From homeowners looking to remodel their floors to professional contractors and installers looking to choose materials like tile, wood, laminate, vinyl and natural stone, Floor & Decor should stay busy this year as the real estate market is expected to remain hot.
The company’s total sales grew at a CAGR of 23.3% from 2016 to 2020, and net sales jumped 28% year-over-year in the third quarter to $876.6 million . With Floor & Decor shares down 18% so far in 2022, the recent drop could be an intriguing buying opportunity to consider. According to consensus price targets from MarketBeat analysts, Floor & Decor has an average price target of $148.55, implying over 39% upside from current levels. This flooring specialist will release its fourth quarter results on February 24, so keep an eye out for investor reaction after the release.

Another Warren Buffett stock that stands out as a possible buy right now is big tech giant Apple, a company that probably needs no introduction. What really stands out from Berkshire Hathaway’s latest 13F filing is the fact that Apple represented about 48% of the company’s assets, which tells us that Warren is still a big fan. Apple shares have held up remarkably well throughout 2022 compared to many other tech names that have come under heavy selling pressure, and starting or adding to a long-term position in the company makes a lot of sense even without Berkshire’s approval.
Be it laptops, tablets, smartphones, headphones, etc., Apple has a truly dominant position in the consumer electronics market. This is a trend that is expected to continue over the years, especially since the company is very adept and regularly rolls out innovative new versions of products to its roster. The company’s success in handling global supply chain issues is another reason to consider adding shares, as Apple posted record revenue of $123.9 billion in the first trimester. While these supply chain constraints should only be a short-term problem for the company, Apple’s management team has handled these challenges extremely well, which should give investors increased confidence in CEO Tim Cook and his long-term team.

This tech start-up stands out because it’s not the usual type of company supported by Buffett. Nu Holdings is the parent company of Brazil-based Nubank, which provides a digital banking platform that offers its customers products to spend, save, invest, borrow and protect. It’s a company that could possibly disrupt the banking industry in Latin America, which is currently dominated by a few big names that aren’t really known for their innovation and user-friendliness. These traditional banks operating in countries like Brazil charge high fees and don’t have branches for their customers in many cities, which is why a digital bank like Nubank has a fantastic opportunity for long-term growth.
It’s certainly an intriguing way to add exposure to emerging markets, and Mr. Buffett’s endorsement is also very encouraging. Nu Holdings was actually one of the biggest IPOs of 2021, and Berkshire had a stake of around $1 billion as of December 31. Although the stock hasn’t done much since the company’s public debut, it’s still a great fintech stock to watch closely in the future. The company recently announced that it has 48 million members, with an average of 40,000 new accounts opened every day, which is certainly an attractive number.

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