Investor sentiment for stocks is at a very low level, but some well-known investors are taking positions in stocks. According to the video below, Warren Buffett and Berkshire Hathaway (BRK.A / BRK.B) just added significantly to Berkshire’s already large stake in Johnson & Johnson (JNJ). In addition, Buffett is buying other healthcare related stocks such as Becton Dickinson (BDX).
Here is a short piece from MarketWatch.com/Dow Jones on what these billionaire investors are buying:
Click on the embedded video to watch. If you have trouble getting the volume to work, here is another link to the piece.
This billionaire buying binge should not necessarily be taken as a vote of confidence on the stock market overall, but rather that these brilliant investors believe there is real value in these stocks. Incidentally, Wells Fargo was just purchased by Druckenmiller, but it is also one of Buffett’s top holdings. Here are the top five Berkshire holdings:
Wells Fargo (WFC)
American Express (AXP)
Johnson & Johnson (JNJ)
Hat tip for the Berkshire to five holdings: iStockAnalyst
Disclosure: No positions