"If any investor has stood the test of time, it is Warren Buffett, and with good reason. For years, the " Oracle of Omaha" has had a rock-star-like presence in the investing world, and his annual investors' meeting at Berkshire Hathaway Inc. ( NYSE: BRK-B) draws thousands of loyal fans who are also. They were stunned at this year's meeting when Buffett announced that he would be stepping down as chief executive of the investment giant at the end of the year."
"Second-quarter results are all but in as the third quarter is coming to an end. But three of Warren Buffett's favorite dividend stocks posted incredible results for Q2. With interest rate cuts all but guaranteed, top Buffett dividend stocks should get a strong tailwind. Berkshire Hathaway has lagged the S&P 500 this year and could be offering solid entry point for investors."
Warren Buffett will step down as Berkshire Hathaway chief executive at the end of the year and will remain board chair with continued voice in daily operations. Greg Abel will assume the CEO role at year-end. Three of Buffett's favorite dividend stocks posted strong second-quarter results, and interest rate cuts are expected to provide a tailwind for top dividend names. Berkshire Hathaway has lagged the S&P 500 this year, possibly offering a solid entry point for investors. Five top companies make up almost 70% of Berkshire's total holdings, reflecting a highly concentrated but historically successful strategy. Holdings were reviewed for best Q2 performers.
Read at 24/7 Wall St.
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