Dear Valued Visitor,

We have noticed that you are using an ad blocker software.

Although advertisements on the web pages may degrade your experience, our business certainly depends on them and we can only keep providing you high-quality research based articles as long as we can display ads on our pages.

To view this article, you can disable your ad blocker and refresh this page or simply login.

We only allow registered users to use ad blockers. You can sign up for free by clicking here or you can login if you are already a member.

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.

Click here to learn more about Insider Monkey’s Hedge Fund Newsletter

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

Loading Comments...