American Express Company (NYSE:AXP), General Motors Company (NYSE:GM): Is Warren Buffett Being Supported by Bullish Insiders?

Last but certainly not least, General Dynamics Corporation (NYSE:GD) is Buffett’s 24th largest holding, and saw Director William Osborn initiate a buy last week. Osborn’s total purchase amounted to a little over $330,000 worth of stock in the aerospace and defense company, and increased his holdings by more than 70%.

At first glance, it appears that Osborn isn’t worried about government spending cuts, but it’s worth noting that the company relies very heavily on cyber technology, making up 34% of its revenues. This is a long-term positive due to the fact that the Department of Defense has indicated spending on this segment will increase over the next decade. It’s easy to see why Buffett is bullish.

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Disclosure: I hold no positions in any of the stocks mentioned in this article

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