Warren Buffett's Main Investing Focus Right Now -- and How It Could Make Him Billions
You might have noticed that Warren Buffett isn't buying many stocks these days. In 2023, the legendary investor was a net seller of stocks. Meanwhile, the cash position for Berkshire Hathaway has grown to nearly $168 billion.
Don't think for a second that Buffett isn't still interested in the stock market. Here's his main investing focus right now -- and how it could make him billions.
In the fourth quarter of 2023, Buffett bought only three stocks. None were new positions, and two of them operate in the energy sector -- Chevron (NYSE: CVX) and Occidental Petroleum (NYSE: OXY).
Source Fool.com
Occidental Petroleum Corp. Stock
With 30 Buy predictions and 2 Sell predictions Occidental Petroleum Corp. is one of the favorites of our community.
With a target price of 65 € there is a slightly positive potential of 15.74% for Occidental Petroleum Corp. compared to the current price of 56.16 €.