Warren Buffett’s legacy at Berkshire Hathaway continues to shape investment strategies, even as CEO Greg Abel takes the reins. In May, two stocks from Buffett’s portfolio stand out as compelling buys: Chevron and Apple. Chevron, benefiting from rising oil prices due to geopolitical tensions, has seen its production soar by 15% year-over-year, positioning it for strong revenue growth. Despite a modest revenue increase of 2% and a 37% drop in earnings in Q1, Chevron’s robust free cash flow and consistent dividend growth make it a defensive play amid market uncertainties.
Apple, on the other hand, remains Buffett’s largest holding, accounting for 22% of Berkshire’s portfolio. The tech giant recently reported a 17% revenue increase and a 22% jump in earnings, driven by demand for the iPhone 17. With the upcoming Worldwide Developers Conference expected to generate excitement and potential sales boosts, Apple shares are poised for upward momentum.
For market professionals, both Chevron and Apple represent strategic opportunities, with Chevron offering stability and income, while Apple provides growth potential ahead of a key product launch.
Source: fool.com