5 Best Fortune 500 Stocks to Buy Now

Page 1 of 5

In this article, we discuss 5 best Fortune 500 stocks to buy now. If you want to read about some more Fortune 500 stocks, go directly to 12 Best Fortune 500 Stocks to Buy Now.

5. Berkshire Hathaway Inc. (NYSE:BRK-B)

Number of Hedge Fund Holders: 109      

Berkshire Hathaway Inc. (NYSE: BRK-B) engages in the insurance, freight rail transportation, and utility businesses. It is one of the best large cap stocks to invest in. On September 28, the firm led by Warren Buffett revealed in a regulatory filing that it bought an additional 6 million shares of common stock in Occidental Petroleum. This acquisition raised Berkshire’s ownership in the energy giant to 21%. 

On September 21, investment advisory Edward Jones upgraded Berkshire Hathaway Inc. (NYSE:BRK-B) stock to Buy from Hold. Analyst James Shanahan issued the ratings update. 

In its Q1 2022 investor letter, Diamond Hill Capital , an asset management firm, highlighted a few stocks and Berkshire Hathaway Inc. (NYSE: BRK-B) was one of them. Here is what the fund said:

“Diversified holding company Berkshire Hathaway reported strong earnings during the quarter and benefited from continued share repurchases below intrinsic value. The company also announced significant deployments of excess cash during the quarter, including the acquisition of Alleghany and a large increase in its stake in Occidental Petroleum.”

Page 1 of 5