2 Warren Buffett Stocks That Could Go Parabolic
Warren Buffett's Berkshire Hathaway (NYSE: BRK.A) (NYSE: BRK.B) is known for its long track record of market-beating returns. Historically, Buffett has favored reliable blue chip stocks in industries like financials, consumer goods, healthcare, and energy, and he tends to avoid unprofitable, high-growth stocks that investors typically think of as having the potential to go "parabolic." Buffett added to his stake in RH (NYSE: RH), the high-end home furnishings company formerly known as Restoration Hardware, in the third quarter, buying 190,000 shares of RH.