This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

5 Stocks to Buy to Be Like Buffett

Wells Fargo

Content on this page requires a newer version of Adobe Flash Player.

Get Adobe Flash player

Everyone knows that Warren Buffett loves Wells Fargo (WFC - Get Report). He's said on record that it's his favorite big bank, and he's been conspicuously buying shares through Berkshire for years.

So it should come as no surprise that Wells was Berkshire's second-biggest add-on position in the second quarter. The Omaha-based firm picked up 16.7 million shares, bringing the firm's total stake to a whopping $13.75 billion.

>>10 Bank Stock Value Picks

Here's the thing: It's hard to argue with Buffett's opinion on Wells. Yes, the company is the best of the big-four banks, in part because it's a decent stock and in part because the other three are writhing creatures that frighten most investors by mere mention of their ticker symbols (I won't dare mention them here). The long and short of the Wells Fargo investment thesis is simple: Wells avoided the mistakes that its peers made before the credit crisis, and now it's in prime position to grow earnings even faster while its share price plays catch-up.

If you're looking to buy a big bank, by all means, follow Warren's example and buy Wells Fargo. But if you don't want a big bank in your portfolio, I don't blame you. In fact, I think Berkshire's other bank purchase is more appealing.

Wells Fargo, also one of Bruce Berkowitz's holdings, shows up on a recent list of 8 Undervalued Stocks Getting Help From the U.S.
5 of 6

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free

Check Out Our Best Services for Investors

Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
BK $40.24 0.00%
DVA $73.90 0.00%
NOV $36.04 0.00%
PSX $82.11 0.00%
WFC $49.98 0.00%


Chart of I:DJI
DOW 17,773.64 -57.12 -0.32%
S&P 500 2,065.30 -10.51 -0.51%
NASDAQ 4,775.3580 -29.9330 -0.62%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs