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.

| More on:
close-up photo of investor Warren Buffett

Image source: The Motley Fool

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).

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.

This article represents the opinion of the writer, who may disagree with the “official” recommendation position of a Motley Fool premium service or advisor. We’re Motley! Questioning an investing thesis — even one of our own — helps us all think critically about investing and make decisions that help us become smarter, happier, and richer, so we sometimes publish articles that may not be in line with recommendations, rankings or other content.

Bank of America is an advertising partner of The Ascent, a Motley Fool company. Fool contributor Amy Legate-Wolfe has no position in any of the stocks mentioned. The Motley Fool recommends Bank of America. The Motley Fool has a disclosure policy.

More on Stocks for Beginners

A data center engineer works on a laptop at a server farm.
Tech Stocks

Why Hut 8 Stock is Up 44% in the Last Week

Hut 8 stock (TSX:HUT) has surged in the last week, and even more year to date. But if you think…

Read more »

Coworkers standing near a wall
Tech Stocks

Why Nvidia Stock Fell 10% Last Week

Nvidia stock (NASDAQ:NVDA) fell by 10% last week after its competitor announced an earnings date, but without preliminary results.

Read more »

edit Business accounting concept, Business man using calculator with computer laptop, budget and loan paper in office.
Dividend Stocks

Got $5,000? Buy and Hold These 3 Value Stocks for Years

These essential and valuable value stocks are the perfect addition to any portfolio, especially if you have $5,000 you want…

Read more »

data analytics, chart and graph icons with female hands typing on laptop in background
Stocks for Beginners

What Investors Should Take Away From WinPak Stock’s Earnings

WinPak (TSX:WPK) stock has stagnated in share price over the last few years, but has there been enough momentum to…

Read more »

bulb idea thinking
Stocks for Beginners

3 No-Brainer Stocks to Buy Now for Less Than $1,000

If you're looking for companies bound for more greatness, these three no-brainer stocks are easy buys, no matter what the…

Read more »

Dollar symbol and Canadian flag on keyboard
Stocks for Beginners

TFSA: 4 Canadian Stocks to Buy and Hold Forever

Here are four stocks that you can buy and hold for decades in your TFSA.

Read more »

Young adult woman walking up the stairs with sun sport background
Stocks for Beginners

New to Investing? This Step-by-Step Guide Will Get You Started

New to investing? Then follow this guide to help you get started, by paying off your debts and saving towards…

Read more »

Man with no money. Businessman holding empty wallet
Dividend Stocks

3 Ways Canadian Investors Can Save Thousands in 2024

If you've done the budgeting and are still coming out with less money than you'd like, consider these three ways…

Read more »