6 of Warren Buffett’s top stocks are very safe Q4 buys with big, reliable dividends – 24/7 Wall St.
If any investor has stood the test of time, it’s Warren Buffett. For years, “The Oracle of Omaha” has had a rock star presence in the investment world. His Berkshire Hathaway Annual Meeting of Shareholders attracts literally thousands of loyal fans who are investors. Known for his long buy-and-hold strategies and massive portfolio of public and private equity interests, he remains one of the world’s leading investors.
The Federal Reserve has declared its intention to raise the federal funds rate to 4.40% to 4.60% by the end of the year, which implies a further increase of 75 basis points in November and an increase by 50 basis points in December. This doesn’t bode well for stocks, so it makes sense to raise as much cash as possible. For those looking to add new positions now, we’ve found six Warren Buffett favorites who can weather what appears to be an impending storm for stocks.
While all of these top stocks are rated buy on Wall Street, it’s important to remember that no single analyst report should be used as the sole basis for any buy or sell decision.
This integrated giant is a safer way for investors looking to get into the energy sector, and stocks have held up well. Chevron Corp. (NYSE: CVX) has integrated energy and chemicals businesses around the world.
Chevron’s Upstream segment is involved in the exploration, development, production and transportation of crude oil and natural gas; processing, liquefaction, transport and regasification associated with liquefied natural gas (LNG); transportation of crude oil by pipelines; and the transportation, storage and marketing of natural gas, as well as the operation of a gas-to-liquids plant.
The Downstream segment is involved in the refining of crude oil into petroleum products; marketing of crude oil, refined products and lubricants; manufacturing and marketing of renewable fuels; transportation of crude oil and refined products by pipeline, vessel, automotive equipment and rail car; and the manufacture and marketing of basic petrochemicals, plastics for industrial use and additives for fuels and lubricants. It is also involved in cash management and debt financing activities, insurance operations, real estate activities and technology activities.
The company posted strong results in the second quarter and remains one of the best ways to play energy safe.
Chevron stock carries a dividend of 3.98%. Credit Suisse has a target price of $202, while the consensus target is $182.13. The shares ended Wednesday at $145.78 each.
ALSO READ: Why ‘Strong Buy’ Big Dividend Energy Stocks Could Have Massive Q4 Rally
It remains one of Buffet’s top holdings, as he owns 400 million shares. Coca-Cola Co. (NYSE: KO) is the world’s largest beverage company, refreshing consumers with more than 500 fizzy and still brands. It has an incredibly strong global brand, with 40% overseas sales.
The company’s portfolio includes 20 billion-dollar brands, including Diet Coke, Fanta, Sprite, Coca-Cola Zero, vitaminwater, Powerade, Minute Maid, Simply, Georgia and Del Valle. Globally, it is the leading supplier of sparkling beverages, ready-to-drink coffees, juices and juice drinks.
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