The Best Warren Buffett Stocks You Can Buy Now for $300

Warren Buffett’s holding company, Berkshire Hathaway (NYSE: BRK.A)(NYSE: BRK.B)is one of the largest companies in the world. Investors typically own about 45 stocks and follow the buying and selling of a stock portfolio currently worth about $294 billion.

Buffett didn’t go there chasing growth stocks. He leans heavily toward value stocks, with an emphasis on financial and dividend stocks, although there are the occasional growth stocks as well.

If you have $300 to spend after paying off your debt and saving your emergency fund, you may want to consider some quality Buffett stocks. Amazon (AMZN -4.19%), American Express (AXP -0.50%)and Now Holdings (no -7.44%) Here are our three top picks.

1. Amazon: The obvious thing to do

Amazon isn’t your typical Buffett stock, and Berkshire Hathaway first took a position in the e-commerce giant in 2019, long after it had already created millionaires. But in typical Buffett style, that didn’t stop him from buying at that point. Buffett likes solid leaders with outstanding management skills, and in that regard, Amazon fits the bill.

With dominant positions in two businesses with enormous potential, Amazon still has a lot to offer investors at this later stage. America’s lead in e-commerce is so vast that it would take a Herculean effort for any competitor to come close in any time soon. That’s because it accounts for more than a third of all e-commerce dollars in the United States. You’re doing everything you can to strengthen your position and extend your lead, and your obsession with delivery speed is a moat that creates its own upward, positive cycle. The more products you add to the platform, the faster orders can be delivered, the more customers who rely on you, the higher your sales, and the cycle continues.

Cloud computing through Amazon Web Services is a similar story. Although the lead is not as wide as e-commerce, its position is still unrivaled and many steps are being taken to maintain it. Most notable these days is its investment in artificial intelligence (AI), both in the services it offers to a wide range of customers and in the development of its own processing chips to meet all budgets and demands.

As it is large, the runway is also long. If you have $300 to spend and don’t already own Amazon stock, it’s a good stock for almost any kind of portfolio.

2. American Express: Dividend Payer

American Express is one of Buffett’s longest-held and most-loved stocks, and he says he will never sell it. Due to recent sales apologize and bank of america As a stock, American Express jumped to the second-highest position in the portfolio at 14.8%. Berkshire Hathaway owns a whopping 21.5% of American Express stock.

American Express is a classic Buffett stock that has everything Buffett looks for in a great business and stock. It has some of the elements of a bank stock, including the large cash reserves that Buffett likes, but with a differentiated business that targets a resilient and affluent customer base. By charging annual fees for many of its credit cards, it ensures a steady, reliable revenue stream and has built a loyal fan base who trust its products. As a credit card network, we grow with the economy.

Despite some pressure from years of continued economic volatility, the company continues to enjoy profitable growth and popularity with new customers. Young consumers are our fastest-growing age group, and we’ve refreshed 40 cards since the beginning of the year to attract business from this group. Capturing them in this day and age gives American Express the opportunity to grow with them.

American Express will benefit from near-term headwinds as inflation eases and the economy appears to be recovering. But it has all the makings of a top stock forever.

3. Nu Holdings: A rare growth stock

Buffett doesn’t typically invest in emerging technology stocks, but he invested in Nu even before it went public as it swept across Brazil, opening up new options for the underbanked population. Even then, it was clear that this was a business with enormous potential, and since its IPO in 2021, it has demonstrated remarkable growth and continued profitability, with sales increasing by more than 1,000% since then.

Like American Express, Nu has some elements of a bank stock, but it’s not a standard bank stock. It is a fully digital bank, and its reliance on technology is a serious advantage that has transformed Brazil’s financial landscape. We are changing the landscape in Mexico and Colombia, where we recently opened stores.

Nu has a full financial services app that offers credit cards and other credit products in addition to bank accounts. This furthers the company’s strategy to drive good performance, increase profitability, cross-sell new products and generate higher engagement. Nu is still a new face on the scene, and will likely grow in the coming years as the platform gains popularity and membership grows. If you have an appetite for risk, Nu looks like a stock with more upside than the perceived risks of a new, high-growth stock.