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

engineer at wind farm
Energy Stocks

Invest $20,000 in This Dividend Stock for $100 in Monthly Passive Income

This dividend stock has it all – a strong outlook, monthly income, and even more to consider buying today.

Read more »

stocks climbing green bull market
Stocks for Beginners

3 TSX Stocks Soaring Higher With No Signs of Slowing

Don't ignore stocks just because they look like they're at a high price. Instead, see exactly why they've driven so…

Read more »

Middle aged man drinks coffee
Dividend Stocks

Here’s the Average TFSA Balance at Age 35 in Canada

At age 35, it might not seem like you need to be thinking about your future cash flow. But ideally,…

Read more »

a man relaxes with his feet on a pile of books
Dividend Stocks

CPP Pensioners: Watch for These Important Updates

The CPP is an excellent tool for retirees, but be sure to stay on top of important updates like these.

Read more »

Piggy bank with word TFSA for tax-free savings accounts.
Stocks for Beginners

2 Top TSX Growth Stocks to Stash in a TFSA for Life

These two growth stocks may not be the top in the last month, but in the last few years, they…

Read more »

people relax on mountain ledge
Dividend Stocks

Invest $10,000 in This Dividend Stock for a Potential $4,781.70 in Total Returns

A dividend stock doesn't have to be risky, or without growth. And in the case of this one, the growth…

Read more »

TFSA (Tax free savings account) acronym on wooden cubes on the background of stacks of coins
Dividend Stocks

How to Turn a $15,000 TFSA Into $171,000

$15,000 may not seem like a lot, but over time that amount can balloon into serious cash.

Read more »

A worker uses a double monitor computer screen in an office.
Stocks for Beginners

Why I’d Buy Fairfax Financial Stock Even at Today’s Prices

Fairfax stock just keeps edging higher. But is it now too expensive, or can investors just look forward to even…

Read more »