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12 Cheapest Stocks in Warren Buffett’s Portfolio for 2024

In this piece, we will take a look at the 12 cheapest stocks in Warren Buffett’s portfolio for 2024. If you want to see more stocks in this selection, you can look at the 5 Cheapest Stocks in Warren Buffett’s Portfolio for 2024.

Warren Buffett is one of the most successful money managers on Wall Street. Backed by a highly experienced investment team that included Charlie Munger, Buffett succeeded in returning nearly 20% in annualized returns, double the S&P 500 returns, since the mid-1960s. Berkshire Hathaway has always been his investment vehicle for pursuing hi-low risk, high-value opportunities in the broader stock market.

The “oracle of Omaha,” as he is commonly known, Buffett, has relied on an investment strategy that focuses on highly undervalued stocks in various sectors. Worth over $100 billion, he invests in businesses that he believes are backed by solid business models. He also leverages their dividends and earnings to increase his investments gradually.

Value investing is the strategy the legendary investor has perfected for discovering stocks trading below their intrinsic value. Buffett is fond of carrying out in-depth discounted cash flow analysis when determining whether stocks are trading below their intrinsic value.

The analysis entails closely monitoring a company’s financial statements to project revenues, costs, and net income. The figures are then used to determine cash flows, which are discounted to their present value and divided with outstanding shares to provide an intrinsic value per share.

A stock is deemed undervalued if the intrinsic value per share is below the current market share price. Given the success of the discounted cash flow analysis over the years, it could help in selecting the cheapest stocks in Warren Buffett’s portfolio heading into 2024.

Nevertheless, Buffett does not entirely rely on discounted cash flow analysis to determine the cheapest stocks worth investing in. The investor is also known to pay close attention to price-to-earnings (P/E) multiples as they provide valuable insights on how the stock trades relative to its future earnings, expectations, and overall market.

Stocks trading with a price-to-earnings multiple of less than 20 have always proved ideal investment plays. Additionally, a stock trading with a P/E that is less than the market average is often deemed to be trading at a discount, significantly if its revenues and earnings grow at an impressive rate. A lower P/E ratio tends to be favourable as it means one will pays less for each dollar earnings the company generates.

In addition to profiting from share price appreciation by investing in highly undervalued stocks, Buffett is also a lover of dividends. The hedge fund manager is fond of investing in stocks with an impressive track record in returning value to shareholders. Coca-Cola and American Express are some of the oldest holdings in Berkshire Hathaway that Buffett has always stuck to, owing to their enticing dividend yields.

Unlike most investors who tend to spend their dividends, Buffett reinvests dividends as one of the ways of increasing the value of his investment over time. The strategy is often deemed a passive investment whereby Buffett focuses on a stock with an impressive track record in paying dividends and then holding for years to generate passive income. The love for compounding is one of the factors that has propelled Buffett into a billionaire investor.

Heading into 2024, valuation levels in the equity markets appear stretched. The tech-heavy Nasdaq index is up by about 55% for the year; the S&P 500 has gained about 21%. The impressive gains come against the optimism that the US Federal Reserve has peaked on its monetary policy tightening spree.

In the first three quarters of the year, Buffett sold $28.7 billion worth of stocks and bought less than $5 billion. The sell-off spree affirms caution in taking up new positions, according to economists, and should ring alarm bells. According to Steve H. Hanke, a professor of applied economics at Johns Hopkins University, the sell-off and a move to accumulate $157 billion in cash signals Buffett’s concerns about valuation levels, and therefore, he refrained from putting his massive cash hoard into use.

Expectations that the Fed will start cutting interest rates as early as next year have been the catalyst fuelling the buying spree in the market. Likewise, stocks have rallied, and valuations have gotten out of hand.

Nevertheless, the cheapest stocks in Warren Buffett’s Portfolio for 2024 could provide a way out of the valuation dilemma. The stocks are spread across various sectors, ideal for any investor looking to diversify their investment portfolio. In addition, most stocks are trading below their intrinsic value and offer a way of generating passive income through dividends.

Our Methodology

Buffett is one of the best in picking highly undervalued stocks likely to explode and generate long-term value on share price gains and dividends. After examining Berkshire Hathaway 13F fillings, we have identified the cheapest stocks in Warren Buffett’s portfolio for 2024. We focused on stocks that appear to be trading below their intrinsic value based on their P/E ratio and ranked them accordingly. Hedge funds’ top 10 consensus stock picks outperformed the S&P 500 Index by more than 140 percentage points over the last 10 years (see the details here). That’s why we pay very close attention to this often-ignored indicator.

Cheapest Stocks in Warren Buffett’s Portfolio for 2024

12. American Express Company (NYSE:AXP)

Berkshire Hathaway’s Latest Investment: $22.62 Billion

Number of Hedge Fund Holders: 74

P/E Ratio: 17.60

American Express Company (NYSE:AXP) offers payment and financing products and services, including network and expense management solutions.

American Express Company (NYSE:AXP) remains one of the cheapest stocks in Warren Buffett’s portfolio for 2024 while trading at a price-to-earnings multiple of 17.60. It also offers a yield of 1.28%. American Express Company (NYSE:AXP) was the third largest holding in Berkshire Hathaway’s portfolio in Q3 2023, with holdings worth $22.62 billion.

At the close of Q3 2023, American Express Company (NYSE:AXP) attracted investment from 74 hedge funds monitored by Insider Monkey, amounting to a cumulative value exceeding $25.6 billion. This marked an increase from the preceding quarter, where 73 hedge funds were invested in the company. Notably, Berkshire Hathaway held the most significant stake in Q3.

11. DaVita Inc. (NYSE:DVA)

Berkshire Hathaway’s Latest Investment: $3.41 Billion

Number of Hedge Fund Holders: 32

P/E Ratio: 16.22

DaVita Inc. (NYSE:DVA) is one of Buffett’s top stock picks in the healthcare sector, specializing in offering kidney dialysis services. DaVita Inc. (NYSE:DVA) operates kidney dialysis centres and provides related lab services. It also offers outpatient hospital inpatient and home-based services.

DaVita Inc. (NYSE:DVA) remains one of the cheapest stocks in Warren Buffett’s portfolio for 2024 despite gaining 40% year to date and trading at a price-to-earnings multiple of 16.22. 

In the third quarter database from Insider Monkey, 32 hedge funds expressed a bullish stance on DaVita Inc. (NYSE:DVA), marking an increase from 30 funds in the preceding quarter. Warren Buffett’s Berkshire Hathaway was the most significant shareholder of DaVita Inc. (NYSE:DVA) in Q3 2023. The hedge fund held stakes worth $3.41 billion in the healthcare company. 

10. Kraft Heinz Co (NASDAQ:KHC)

Berkshire Hathaway’s Latest Investment: $10.95 Billion

Number of Hedge Fund Holders: 40

P/E Ratio: 15.18

The Kraft Heinz Company (NASDAQ:KHC) is a consumer defensive investment player in Berkshire Hathaway’s portfolio. The company produces and sells food and beverage products. The Kraft Heinz Company (NASDAQ:KHC)’s product line includes condiments and sauces, cheese and dairy products, meals, meat, and refreshment beverages.

A 10% year-to-date pullback has seen The Kraft Heinz Company (NASDAQ:KHC)’s valuation drop significantly, making it one of the cheapest stocks in Warren Buffett’s portfolio for 2024. The Kraft Heinz Company (NASDAQ:KHC) currently trades at a price-to-earnings multiple of 15.18 while offering a 4.35% yield. Berkshire Hathaway held stakes worth $10.95 billion as of the end of Q3 2023.

During the third quarter of the present year, 40 hedge funds out of the 910 examined by Insider Monkey maintained holdings in The Kraft Heinz Company (NASDAQ:KHC). 

9. Occidental Petroleum Corporation (NYSE:OXY)

Berkshire Hathaway’s Latest Investment: $14.54 Billion

Number of Hedge Fund Holders: 75

P/E Ratio: 13.07

Houston, Texas-based Occidental Petroleum Corporation (NYSE:OXY) is an energy investment play in Berkshire Hathaway’s portfolio and one of the cheapest stocks in Warren Buffett’s portfolio for 2024. Occidental Petroleum Corporation (NYSE:OXY) explores and develops oil and gas properties in the US.

While Occidental Petroleum Corporation (NYSE:OXY) has underperformed, going down by 5% year to date, it remains one of Buffett’s cheap investment plays in the energy sector. The stock trades at a P/E of 13.07 and offers a dividend yield of 1.20%. Occidental Petroleum Corporation (NYSE:OXY) is one of Berkshire Hathaway’s biggest holdings, with stakes worth $14.54 billion.

At the end of the third quarter in 2023, 75 hedge funds declared their holdings in Occidental Petroleum Corporation (NYSE:OXY), marking an increase from 73 in the preceding quarter. Warren Buffett’s Berkshire Hathaway held the most significant stake in Occidental Petroleum Corporation (NYSE:OXY), valued at $14.5 billion.

8. Charter Communications, Inc (NASDAQ:CHTR)

Berkshire Hathaway’s Latest Investment: $1.68 Billion

Number of Hedge Fund Holders: 73

P/E Ratio: 12.81

Charter Communications, Inc. (NASDAQ:CHTR) is a communication services company that offers broadband connectivity and cable services to residential and commercial customers. Charter Communications, Inc. (NASDAQ:CHTR) offers subscription-based internet video, mobile, and voice services.

Even though Charter Communications, Inc. (NASDAQ:CHTR) has gained 15% year to date, it remains one of the cheapest stocks in Warren Buffett’s portfolio for 2024, going by its P/E of 12.81. Berkshire Hathaway held stakes worth $1.68 billion as of the end of Q3 2023.

In Q3 2023, Insider Monkey’s database, comprising 910 hedge funds, revealed that 73 funds held stakes in Charter Communications, Inc. (NASDAQ:CHTR), an increase from 67 in the previous quarter.

7. Chevron Corp (NYSE:CVX)

Berkshire Hathaway’s Latest Investment: $18.59 Billion

Number of Hedge Fund Holders: 72

P/E Ratio: 11.12

San Ramon, California-based Chevron Corp (NYSE:CVX), is one of the largest oil companies in the world. The company explores, develops, produces, and transports crude oil and natural gas. While being one of the biggest investments in Berkshire Hathaway’s portfolio, Chevron Corp (NYSE:CVX) is also one of the cheapest stocks in Warren Buffett’s portfolio for 2024.

Chevron Corp (NYSE:CVX) trades at a price-to-earnings multiple of 11.12 while offering a yield of 4.03%. Berkshire Hathaway slashed its holdings in Chevron Corp (NYSE:CVX) by 11% in Q3 2023 to $18.59 billion.

Among the 910 hedge funds monitored by Insider Monkey, 72 held shares of Chevron Corp (NYSE:CVX). The leading shareholder of Chevron Corp (NYSE:CVX) was Berkshire Hathaway, managed by Warren Buffett, with a holding valued at $18.6 billion.

6. D.R. Horton, Inc. (NYSE:DHI)

Berkshire Hathaway’s Latest Investment: $641.57 Million

Number of Hedge Fund Holders: 64

P/E Ratio: 11

D.R. Horton, Inc. (NYSE:DHI) has always been Buffett’s holding for gaining exposure in the real estate sector. The homebuilding company engages in the acquisition and development of land. D.R. Horton, Inc. (NYSE:DHI) also constructs and sells residential homes in 118 markets.

While D.R. Horton, Inc. (NYSE:DHI) has gained about 69% year to date, it still trades with a P/E of 11, affirming its status as one of the cheapest stocks in Warren Buffett’s portfolio for 2024. Additionally, D.R. Horton, Inc. (NYSE:DHI) offers a yield of 0.79%. Buffett started investing in the company in Q2 2023 and held stakes worth $641.57 million as of the end of Q3 2023.

Based on Insider Monkey’s third-quarter dataset, there were 64 hedge funds expressing a positive outlook on D.R. Horton, Inc. (NYSE:DHI), marking an increase from 54 funds in the previous quarter. Rajiv Jain’s GQG Partners holds a noteworthy position as a major stakeholder in D.R. Horton, Inc. (NYSE:DHI), possessing 3.8 million shares valued at $412 million. 

Baron Real Estate Fund shared its perspective on D.R. Horton, Inc. (NYSE:DHI) in its second-quarter 2023 investor letter. Here is what it said:

“Our investments in homebuilder companies – Toll Brothers, Inc., Lennar Corporation, and D.R. Horton, Inc. (NYSE:DHI) – performed well in the first six months of 2023. The share price of Toll Brothers increased nearly 60% and the shares prices of Lennar and D.R. Horton each gained more than 35%.

Year-to-date, each company has witnessed a meaningful uptick in demand to buy homes:

Home buyers continue to come off the sidelines and buy homes despite 30-year mortgage rates remaining in the 6.5% to 7.0% range. Several factors are contributing to the recent strength, including pent-up demand to buy homes and fears that mortgage rates could move higher. • The sticker shock of rapidly rising mortgage rates appears to have cooled down. Homebuilders have made homes more affordable to prospective home purchasers by offering mortgage rate buydowns to the mid-5% mortgage rate range while maintaining strong profitability margins. • A dearth of inventory in the existing home market and an overall housing supply shortage is driving home buyers to “stretch their wallet” due to fears that they could miss the opportunity to buy a home.

We remain optimistic about the long-term potential for the Fund’s investments in Toll Brothers, Lennar, and D.R. Horton for several reasons…” (Click here to read the full text)

Click to continue reading and see 5 Cheapest Stocks in Warren Buffett’s Portfolio for 2024.

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Disclosure: None. 12 Cheapest Stocks in Warren Buffett’s Portfolio for 2024 is originally published on Insider Monkey.

The $250 Trillion AI Hype is Real. A few years from now, you’ll probably wish you’d bought this stock.

When Jeff Bezos said that one breakthrough technology would shape Amazon’s destiny, even Wall Street’s biggest analysts were caught off guard.

Fast forward a year and Amazon’s new CEO Andy Jassy described generative AI as a “once-in-a-lifetime” technology that is already being used across Amazon to reinvent customer experiences.

At the 8th Future Investment Initiative conference, Elon Musk predicted that by 2040 there would be at least 10 billion humanoid robots, with each priced between $20,000 and $25,000.

Do the math. According to Musk, this technology could be worth $250 trillion by 2040.

Put another way, that’s roughly equal to:

  • 175 Teslas
  • 107 Amazons
  • 140 Metas
  • 84 Googles
  • 65 Microsofts
  • And 55 Nvidias

And here’s the wild part — this $250 trillion wave isn’t tied to one company, but to an entire ecosystem of AI innovators set to reshape the global economy.

It’s a leap so massive, it could reshape how businesses, governments, and consumers operate worldwide.

Even if that $250 trillion figure sounds ambitious, major firms like PwC and McKinsey still see AI unlocking multi-trillion-dollar potential.

How could anything be worth that much?

The answer lies in a breakthrough so powerful it’s redefining how humanity works, learns, and creates.

And this breakthrough has already set off a frenzy among hedge funds and Wall Street’s top investors.

What most investors don’t realize is that one under-owned company holds the key to this $250 trillion revolution.

In fact, Verge argues this company’s supercheap AI technology should concern rivals.

Before I reveal the details, let’s talk about how some of the richest people on the planet are positioning themselves.

  • Bill Gates sees artificial intelligence as the “biggest technological advance in my lifetime,” more transformative than the internet or personal computer, capable of improving healthcare, education, and addressing climate change.
  • Larry Ellison — through Oracle, is spending billions on Nvidia chips and partnering with Cohere to embed generative AI across Oracle’s cloud and apps.
  • Warren Buffett — not known for tech hype — says this breakthrough could have a ‘hugely beneficial social impact.

When billionaires from Silicon Valley to Wall Street line up behind the same idea — you know it’s worth paying attention to.

Even as we admire what Tesla, Nvidia, Alphabet, and Microsoft have built, we believe an even greater opportunity lies elsewhere…

But the real story isn’t Nvidia — it’s a much smaller company quietly improving the critical technology that makes this entire revolution possible.

And judging by what I’m hearing from both Silicon Valley insiders and Wall Street veterans…

This prediction might not be bold at all:

A few years from now, you’ll wish you’d owned this stock.

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AI, Tariffs, Nuclear Power: One Undervalued Stock Connects ALL the Dots (Before It Explodes!)

Artificial intelligence is the greatest investment opportunity of our lifetime. The time to invest in groundbreaking AI is now, and this stock is a steal!

AI is eating the world—and the machines behind it are ravenous.

Each ChatGPT query, each model update, each robotic breakthrough consumes massive amounts of energy. In fact, AI is already pushing global power grids to the brink.

Wall Street is pouring hundreds of billions into artificial intelligence—training smarter chatbots, automating industries, and building the digital future. But there’s one urgent question few are asking:

Where will all of that energy come from?

AI is the most electricity-hungry technology ever invented. Each data center powering large language models like ChatGPT consumes as much energy as a small city. And it’s about to get worse.

Even Sam Altman, the founder of OpenAI, issued a stark warning:

“The future of AI depends on an energy breakthrough.”

Elon Musk was even more blunt:

“AI will run out of electricity by next year.”

As the world chases faster, smarter machines, a hidden crisis is emerging behind the scenes. Power grids are strained. Electricity prices are rising. Utilities are scrambling to expand capacity.

And that’s where the real opportunity lies…

One little-known company—almost entirely overlooked by most AI investors—could be the ultimate backdoor play. It’s not a chipmaker. It’s not a cloud platform. But it might be the most important AI stock in the US owns critical energy infrastructure assets positioned to feed the coming AI energy spike.

As demand from AI data centers explodes, this company is gearing up to profit from the most valuable commodity in the digital age: electricity.

The “Toll Booth” Operator of the AI Energy Boom

  • It owns critical nuclear energy infrastructure assets, positioning it at the heart of America’s next-generation power strategy.
  • It’s one of the only global companies capable of executing large-scale, complex EPC (engineering, procurement, and construction) projects across oil, gas, renewable fuels, and industrial infrastructure.
  • It plays a pivotal role in U.S. LNG exportation—a sector about to explode under President Trump’s renewed “America First” energy doctrine.

Trump has made it clear: Europe and U.S. allies must buy American LNG.

And our company sits in the toll booth—collecting fees on every drop exported.

But that’s not all…

As Trump’s proposed tariffs push American manufacturers to bring their operations back home, this company will be first in line to rebuild, retrofit, and reengineer those facilities.

AI. Energy. Tariffs. Onshoring. This One Company Ties It All Together.

While the world is distracted by flashy AI tickers, a few smart investors are quietly scooping up shares of the one company powering it all from behind the scenes.

AI needs energy. Energy needs infrastructure.

And infrastructure needs a builder with experience, scale, and execution.

This company has its finger in every pie—and Wall Street is just starting to notice.

Wall Street is noticing this company also because it is quietly riding all of these tailwinds—without the sky-high valuation.

While most energy and utility firms are buried under mountains of debt and coughing up hefty interest payments just to appease bondholders…

This company is completely debt-free.

In fact, it’s sitting on a war chest of cash—equal to nearly one-third of its entire market cap.

It also owns a huge equity stake in another red-hot AI play, giving investors indirect exposure to multiple AI growth engines without paying a premium.

And here’s what the smart money has started whispering…

The Hedge Fund Secret That’s Starting to Leak Out

This stock is so off-the-radar, so absurdly undervalued, that some of the most secretive hedge fund managers in the world have begun pitching it at closed-door investment summits.

They’re sharing it quietly, away from the cameras, to rooms full of ultra-wealthy clients.

Why? Because excluding cash and investments, this company is trading at less than 7 times earnings.

And that’s for a business tied to:

  • The AI infrastructure supercycle
  • The onshoring boom driven by Trump-era tariffs
  • A surge in U.S. LNG exports
  • And a unique footprint in nuclear energy—the future of clean, reliable power

You simply won’t find another AI and energy stock this cheap… with this much upside.

This isn’t a hype stock. It’s not riding on hope.

It’s delivering real cash flows, owns critical infrastructure, and holds stakes in other major growth stories.

This is your chance to get in before the rockets take off!

Disruption is the New Name of the Game: Let’s face it, complacency breeds stagnation.

AI is the ultimate disruptor, and it’s shaking the foundations of traditional industries.

The companies that embrace AI will thrive, while the dinosaurs clinging to outdated methods will be left in the dust.

As an investor, you want to be on the side of the winners, and AI is the winning ticket.

The Talent Pool is Overflowing: The world’s brightest minds are flocking to AI.

From computer scientists to mathematicians, the next generation of innovators is pouring its energy into this field.

This influx of talent guarantees a constant stream of groundbreaking ideas and rapid advancements.

By investing in AI, you’re essentially backing the future.

The future is powered by artificial intelligence, and the time to invest is NOW.

Don’t be a spectator in this technological revolution.

Dive into the AI gold rush and watch your portfolio soar alongside the brightest minds of our generation.

This isn’t just about making money – it’s about being part of the future.

So, buckle up and get ready for the ride of your investment life!

Act Now and Unlock a Potential 100+% Return within 12 to 24 months.

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For a ridiculously low price of just $9.99 per month, you can unlock our in-depth investment research and exclusive insights – that’s less than a single fast food meal!

Space is Limited! Only 1000 spots are available for this exclusive offer. Don’t let this chance slip away – subscribe to our Premium Readership Newsletter today and unlock the potential for a life-changing investment.

Here’s what to do next:

1. Head over to our website and subscribe to our Premium Readership Newsletter for just $9.99.

2. Enjoy a month of ad-free browsing, exclusive access to our in-depth report on the Trump tariff and nuclear energy company as well as the revolutionary AI-robotics company, and the upcoming issues of our Premium Readership Newsletter.

3. Sit back, relax, and know that you’re backed by our ironclad 30-day money-back guarantee.

Don’t miss out on this incredible opportunity! Subscribe now and take control of your AI investment future!


No worries about auto-renewals! Our 30-Day Money-Back Guarantee applies whether you’re joining us for the first time or renewing your subscription a month later!