Why Does Warren Buffett Keep Piling Into 2 Beaten-Down Stocks That Have Plunged More Than 30%?

We now know what Warren Buffett was up to during the fourth quarter of 2024. Berkshire Hathaway (NYSE: BRK.A) (NYSE: BRK.B) submitted its 13F filing to the U.S. Securities and Exchange Commission (SEC) last week. This filing revealed all the stocks Buffett and his team bought and sold during Q4.Two familiar names made the list of Buffett's recent purchases: Occidental Petroleum (NYSE: OXY) and SiriusXM Holdings (NASDAQ: SIRI). Why does Buffett keep piling into two beaten-down stocks that have plunged more than 30%?Buffett initiated a position in Occidental Petroleum in the first quarter of 2022. Since then, he has added to Berkshire's stake in the big oil and gas company nearly every quarter. Oxy now ranks as Berkshire's sixth-largest holding. Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool