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Jim Cramer recommends dozens of stocks on his show every week but he isn’t really bullish about most of them. Cramer buys only a small percentage of stocks he recommends for his charitable trust. Among Cramer’s recommendations we pay most attention to these stocks.

Another big name in stock picking is definitely Warren Buffett. Buffett generated an average annual growth in book value of around 20% over the past 44 years. Buffett is followed not only by ordinary investors, but also by seasoned professional money managers. Many famous fund managers, such as Jean-Marie Eveillard and Bruce Berkowitz, invested millions of dollars of their clients’ money in Berkshire Hathaway stock. From 2000 to 2010, this stock generated a total return of 76%, versus a negative 11.3% for S&P 500 (NYSEARCA:SPY) index. Warren Buffett’s stock picks can still beat the market, yet investors choose not to imitate his stock picks.

We think it is a great idea to focus on the stocks that both Buffett and Cramer are bullish about. Below we compiled a list of such stocks. All companies are in the 13F portfolio in Buffett’s Berkshire Hathaway at the end of September and are in Cramer’s charitable trust fund as of December 9. The “Buffett” column shows the value (in thousands) Berkshire Hathaway invested and the “Cramer” column shows the number of shares the trust owned.

Company Name

Ticker

Buffett

Cramer

COCA COLA CO

KO

13512000

1800

INTL BUSINESS MACHS

IBM

10028617

400

AMERICAN EXPRESS CO

AXP

6807319

1600

U S BANCORP DEL

USB

1625188

1000

SANOFI AVENTIS

SNY

133289

2600

UNITED PARCEL SERVICE

UPS

90254

600

Coca Cola Co is the largest position in Buffett’s portfolio as of September 30. According to the latest 13F filing, Berkshire Hathaway invested over $13.5 billion in this non-alcoholic beverage company. Cramer’s charitable trust also owned 1,800 shares of KO. The stock returned 5.27% so far this year. Boykin Curry’s Eagle Capital Management also owned $500+ million KO shares.

Over the third quarter, Buffett opened a large new position. He initiated a brand new $10 billion International Business Machines Corp. Cramer’s trust also had 400 shares of IBM stocks. Since the end of September, IBM returned 10%, beating the 9.54% for SPY. Ken Fisher was also bullish about IBM. His Fisher Asset Management invested $383 million in IBM shares at the end of September.

One of the large positions in Cramer’s trust is Sanofi Aventis. As of December 9, the trust owned 2,600 shares of SNY. Buffett’s Berkshire Hathaway also has $133 million invested in SNY shares. The stock was up 11.24% since the beginning of this year. Ken Fisher was bullish about SNY as well. His fund invested $483 million in this position.

Other stocks both Cramer and Buffett are bullish about include American Express Co., US Bancorp, and United Parcel Service Inc. Cramer often provides good advice to investors through his TV shows. The positions in his charitable trust are updated frequently, minimizing the time lag for investors to imitate his investments. Buffett, widely recognized as the best investor in the world, has an outstanding track record. He is a value investor and he usually holds stocks for the long term. These six stocks we listed above may be the ones that are likely to do well both in the short run and the long run.

Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

Source: Jim Cramer and Warren Buffett Are Bullish About These Stocks