The Oracle of Omaha, Warren Buffett, is no stranger to the world and is often touted as a legendary trader of the financial realm. Investors often try to imitate his trading style and concepts, which makes him an ace investor worth exploring and seeking inspiration from.
At the same time, Trump’s victory in the latest US elections has bode well for the stock market, ushering in a new influx of funds for the domain to bask in. In this wake, these 2 of Buffett’s favorites could do extremely well for investors, especially right now, as market sentiment is currently trending in green.
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Top Two Buffet Approved Stocks To Own And Explore
1. Apple Inc. (AAPL)
Apple is a promising tech behemoth, the suave “iPhone makers” that have kept their prestige intact after all these years. The firm is known for launching a variety of tech products that have lately been taking the market by surprise. The firm has long served as a profitable choice for Warren Buffett, with the Oracle of Omaha owning nearly 400,000,000 equity shares of Apple.
After Trump’s win, Apple secured nearly 1.2% gains, with its stock claiming an intraday high of $232. According to TipRanks, the firm is aiming to claim a high of $300, which it may claim within the next 12 months.
“The average price target for Apple is $246.03. This is based on 33 Wall Street Analysts 12-month price targets issued in the past 3 months. The highest analyst price target is $300.00; the lowest forecast is $184.00. The average price target represents a 10.47% increase from the current price of $222.72.”
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2. Bank of America (BAC)
Bank of America is another noteworthy firm that Buffett has been a part of for many years. On November 6, Bank of America stocks surged at a record pace. As Trump won, the bank stocks were noted documenting major intraday hikes, with Bank of America touching $45.55 per share price. The firm’s stocks noted an 8% hike from its earlier price level of $41.
Buffett currently holds nearly 1,032,852,006 equity shares of Bank of America, making him secure additional gains worth $3790 yesterday. Per TipRanks, Bank of America is currently aiming for a high of $56, which it may achieve within the next 12 months.
“The average price target for Bank of America is $47.43. This is based on 16 Wall Street analysts 12-month price targets issued in the past 3 months. The highest analyst price target is $56.00, and the lowest forecast is $41.00. The average price target represents a 4.45% increase from the current price of $45.41.”
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