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Got $1,000? 2 No-Brainer Warren Buffett Stocks to Buy Right Now. [Yahoo! Finance]
Last amazon.com, inc. earnings: 4/30 04:01 pm
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His vote of confidence is more important than ever in an increasingly uncertain global economy. Let's explore why a $1,000 bet on Amazon (NASDAQ: AMZN) or BYD (OTC: BYDDY) could turn into significantly more over the long term. Berkshire Hathaway owns 10 million shares of Amazon, worth roughly $1.75 billion at the time of writing. That's a relatively small holding compared to major portfolio components like Apple (worth $54.4 billion) or American Express (worth $35.5 billion). But it is a signal that Buffett is optimistic about Amazon's future. It's easy to see why. Buffett likes to bet on companies with deep economic moats , which refers to a competitive advantage they use to protect themselves from competition. For Amazon, this boils down to size. As the undisputed leader in U.S. e-commerce and global cloud computing (with market shares of 38% and 30%, respectively), the company can leverage economies of scale to lower prices to maximize service to its consumers. To be fair,
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