"If any investor has stood the test of time, it's Warren Buffett, and with good reason. For 60 years, the "Oracle of Omaha" has had a rock star-like presence in the investing world, and his annual Berkshire Hathaway shareholders meeting draws thousands of loyal investor fans. They were stunned at this year's meeting when Mr. Buffett announced that he would be stepping down as CEO of the investment giant at the end of the year."
"Warren Buffett remains one of the world's most prominent investors, renowned for his long-term buy-and-hold strategies and extensive portfolio of public and private holdings. With interest rates poised to decline, it makes sense to consider adding Warren Buffett's dividend-paying stocks, which are expected to rally as bond yields fall. Since Berkshire Hathaway ( NYSE: BRK-B) has prominent positions in the financial sector, three have already delivered outstanding results for the third quarter, and they remain exceptional buy-and-hold stocks for growth and income investors."
Warren Buffett will step down as Berkshire Hathaway CEO at year-end while remaining Chairman, with Greg Abel succeeding as CEO. Buffett is known for long-term buy-and-hold strategies and a diversified portfolio of public and private holdings. With interest rates poised to decline, dividend-paying stocks tied to Buffett's approach are expected to rally as bond yields fall. Berkshire Hathaway holds prominent positions in the financial sector; three financial holdings delivered outstanding third-quarter results and remain attractive buy-and-hold choices for growth and income investors, carrying Buy ratings at major Wall Street firms. Ally Financial posted adjusted EPS of $1.15 versus $1.00 consensus, revenue of $2.17 billion versus $2.12 billion, and offers a 3.02% dividend.
Read at 24/7 Wall St.
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