Shares of cloud-based data company Snowflake (NYSE: SNOW) were down 10.9% in November, according to data provided by S&P Global Market Intelligence. On Nov. 30, it reported financial results for the third quarter of its fiscal 2023.
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.
This has been compounded by 40-year-high inflation, relentlessly rising interest rates, and fears regarding the potential for these conditions to persist far into 2023. Investors with the ability to view the glass half full, however, recognize the opportunity to prosper in times like these. As a result, investors have a once-in-a-decade opportunity to buy shares of top stocks at knocked-down prices.