The Best Warren Buffett Stocks to Buy With $300 Right Now

These Warren Buffett stocks have long histories of growth, each offering their own reasons for why investors need them today.

Amy Legate-Wolfe

Author Bio Amy became interested in investing in 2018 after having her first daughter. After receiving a masters degree in journalism from Western University, she became frustrated that the finance industry remained a confusing place for Canadians like her: new parents, millennials, and other young people who needed to understand their finances. Now, Amy focuses on tech companies and renewable energy for growth opportunities, coupling that with long-term investing strategies and equities. She also provides investors with a daily newsletter, Canada Stock Digest, for daily market updates. Her work can also be found at Canada's National Observer, where she writes on the business side of climate action. Before joining Motley Fool Canada, Amy wrote for major news organizations including HuffPost, CTVNews.ca, and CBC. When she’s not researching investing strategies, Amy’s time is pretty much monopolized by her two wild daughters, but in what little spare time she has she loves to do yoga, go on walks with her dog, and travel with her husband. Social Media Follow Amy on LinkedIn and Canada Stock Digest. Favorite Investment Quote “October: This is one of the particularly dangerous months to speculate in stocks. The others are July, January, September, April, November, May, March, June, December, August and February.” – Mark Twain

Published February 27, 2024 8:45 pm EST

| More on: BACSIRIKO

If you want to get in on long-term valuable stocks, then Warren Buffett stocks are certainly ones to consider. The Oracle of Omaha has a long history of strong growth from investing in value stocks. And that long history of growth means investing long term.

This is why today we’re going to look at three that investors can pick up even if they just have $300 to spend. These are the best of the best recommendations from Warren Buffett. So, let’s look at why we’re considering The Coca-Cola Company (NYSE: KO), Bank of America (NYSE: BAC), and Sirius XM Holdings (NASDAQ: SIRI).

close-up photo of investor Warren Buffett — Image source: The Motley Fool

Why Buffett bought them

First off, let’s look at why Warren Buffett bought these stocks to begin with, starting with Coca-Cola stock. The company is well known not just in the United States but throughout the world. And that’s why Buffett likes it the best. No matter the market and economic status, people reach for a Coke. The company also has a strong customer base, making it a clear buy. It also offers stable growth, long-term potential, and a long dividend history.

Bank of America stock is also another strong value play. The bank looked valuable at the time of buying, where Warren Buffett was able to become a major shareholder and have a say in future plans. Now, the bank is large and diversified, offering today’s investors a long-term economic recovery play.

As for Sirius XM, Buffett bought the stock because it is the sole licensed satellite radio operator. That unique status is something that Warren Buffett must love. And while it’s not his largest holding, it could increase for major growth.

Into earnings

Now, for today’s investor, let’s look at earnings to see whether these stocks are worth your consideration. For Coca-Cola stock, the company reported revenue of $10.1 billion, up 10% year over year. Further, earnings beat expectations at $0.65 per share. This came from growth across all regions as well as strategic marketing initiatives.

Bank of America stock also saw strong growth, with revenue up 12% to $24.5 billion. The stock met analyst estimates at $0.88 per share. However, this could allow today’s investors a deal if they’re looking at it as a recovery stock. Net income, meanwhile, rose thanks to higher interest rates.

Finally, Sirius XM stock reported fourth-quarter earnings with revenue missing estimates but earnings beating analyst reports. Revenue made slight gains of 0.2% to US$2.28 billion. Subscriber revenue fell 0.3%, so it looks as though the company should be able to get those back when consumption resumes.

Future potential

So, what do these Warren Buffett stocks offer investors for the future? Well, for Coke, it’s obvious. The same reasons Buffett bought still apply today. The company has strong financials, global reach, and a loyal following. That’s unlikely to go away, especially with a huge 3.17% dividend to grab.

Bank of America stock, as mentioned, offers the same value play now as it did for Buffett back when he brought shares. The company is now financially stable and should see shares increase as the market improves. And again, you can grab a 2.86% dividend yield.

Finally, Sirius XM stock may have been sold back in 2020, but Buffett is back. And that purchase was very recent. So, if you’re looking for a new holding, then this could be the best one — especially with shares at just US$4.75 as of writing and a 2.25% dividend.