Warren Buffett, the chairman and CEO of Berkshire Hathaway (NYSE: BRK.A) (NYSE: BRK.B), is one of the most closely followed investors in the world. So when he pruned Berkshire’s stakes in some of its top stocks, hoarded cash and U.S. Treasuries, and halted the conglomerate’s buybacks of its own stock over the past two years, many investors grew worried the market was peaking.
But amid his big strategic shift, Buffett didn’t touch some of Berkshire’s biggest financial sector holdings. Let’s take a look at three of those resilient, evergreen stocks — Moody’s (NYSE: MCO), American Express (NYSE: AXP), and Chubb Limited (NYSE: CB) — and see why they’re still no-brainer buys, even in this frothy market.
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