Amazon-Here's Warren Buffett Stock to Buy in September

    Amazon-Here's Warren Buffett Stock to Buy in September  Wouldn't be surprised if he buys more. When looking for stocks to buy, looking through the portfolios of well-known investors may seem like a good place to start. So perhaps the most well-known is Warren Buffett, CEO of Berkshire Hathaway BRK.A (NYSE) $420.285,00 -433,97 (-%0,10) (NYSE:BRK.B). Amazon AMZN (NASDAQ) $3.484,16 -41,34 (-%1,17) isn't the stock most people associate with the notoriously conservative nonagenarian. However, it can also be said that it can offer returns that exceed the market for those who want to follow in the footsteps of a connoisseur.

Amazon

This is right and the right choice. As of June, Berkshire Hathaway owned approximately $1,9 billion of the stock. It should be noted that he admitted to being "stupid" for not buying shares before. If a company is as successful as Amazon, it is often overlooked. Even if it seems unreasonable for a company that has grown this big to continue growing, but it is. Sales, operating cash flow and stock price have increased consistently and significantly over the past five years. Today, it has reached a market value of approximately 1,8 trillion dollars. Growing day by day, the company achieved sales of $221,6 billion in the first six months of 2021.

Amazon-Here's Warren Buffett Stock to Buy in September

It was observed that it increased 35% more than the same period in 2020. It surpassed all the anticipated growth. Of course alongside its massive retail operation, Amazon Web Services (AWS) has been a real profit driver for the company. It has become one of the most profitable companies from the pandemic period. With such growth, the company's takeover of the retail industry can be expected to slow slightly in 2021. Regardless, it's a company with an ever-increasing mix of recurring household purchases and impulse purchases. Adding in a fast-growing, profitable technology business, Amazon covers a lot of ground in building a diversified portfolio and is somewhat similar to Berkshire Hathaway in that respect.  

Source: The Motley Fool

 

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