Berkshire Hathaway is arguably always Buffett's favorite stock. But another stock commands a strong second place.

Warren Buffett could be the greatest investor of all time. Indeed, a number of surveys has pegged the Berkshire Hathaway (NYSE:BRK-B) CEO atop a long list of investing talent of our generation. I certainly think Buffett deserves such a distinction.

Occidental Petroleum Corp. (NYSE: OXY) is down 13.4% in 2024 and over 20% in the last 12 months. However, that hasn't seemed to bother Warren Buffett one bit. His Berkshire Hathaway Inc.

Berkshire Hathaway's (NYSE: BRK.A) (NYSE: BRK.B) portfolio includes many top blue chip stocks -- solid investments that you can potentially hold for not only years, but decades. While CEO Warren Buffett doesn't handpick every stock in the portfolio,

Warren Buffett is well- known as one of the greatest investors of all time. The Berkshire Hathaway (NYSE:BRK-B) CEO has amassed an incredible fortune into his old age, acquiring a number of wholly-owned and partially-owned companies within his core holding vehicle (Berkshire).

Right now, two stocks Buffett owns are screaming buys. While one is hovering near 52-week lows, the other is beating all others in the game in an industry with massive potential.

Warren Buffett’s Berkshire Hathaway recorded net stock sales totaling $93 billion in the first half of 2024, a company record that points to a lack of buying opportunities. Historically, the S&P 500 has returned a median of 19% during the 12-month period following years in which Berkshire Hathaway was a net seller of stocks.

Warren Buffett’s recent trimming of stock positions in Apple and Bank of America has raised questions about what it means for the current market and economy. Bill Smead, a top fund manager, sees parallels between Buffett’s actions now and his warnings before the dot-com crash in 1999.