$99 Billion Bet: Warren Buffett Invests Heavily In 2 Stocks Expected To Jump 19% And 20%, Wall Street Analysts Predict (CORRECTED)

This piece has been updated by the editor to make corrections on Warren’s current Apple holdings.

Warren Buffett's investment strategy is a case study in bold and safe play. Nearly $99 billion is pegged on two iconic names: Apple and Coca-Cola. Through Berkshire Hathaway, Buffett has reduced his Apple stake significantly in 2024, trimming it by about two-thirds. 

Berkshire now holds approximately 300 million shares of Apple stock, valued at $69.9 billion as of September, down from 905 million shares at the end of 2023. Despite this, Apple remains Berkshire’s largest equity position, accounting for 28% of the portfolio, as cited by CNBC.

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His strategy here is simple but powerful – backing companies with brand strength and consistent financials. Apple's stock, for instance, surged 31% this year and many see this as Buffett's savviest move yet. Some say it's his "crown jewel," lauding his foresight in spotting a tech company that's proven as resilient as it is profitable.

But as with any big bet, Buffett's heavy reliance on Apple has sparked some chatter. Skeptics say putting so many eggs in one tech basket could be risky. With tech stocks, there's always the threat of shifting consumer trends, not to mention the occasional market shake-up. 

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And while Apple has shown impressive gains this year, the latest numbers hint at a slight cooling. In the last fiscal year, Apple's total revenue dipped by 0.8% – a small shift but enough to raise eyebrows. According to Business Insider, Morgan Stanley analyst Erik Woodring believes Apple has room to climb, setting a price target of $273 from the current $216.

Apple's pivot toward services is holding it steady. Though iPhone sales may ebb and flow, Apple's revenues from the App Store, streaming and cloud services have grown by 23% over the past few years. 

Services have also helped Apple boost its profit margins, going from 43.3% in 2022 to 46.2% in 2024, catching Wall Street's attention. These margins and the cash flow from services make Apple's high share prices easier to swallow, especially as it could mean bigger dividends for shareholders.

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Then there's Coca-Cola, which stands out as Buffett's textbook choice. It's familiar, steady and beloved worldwide. His initial investment in Coca-Cola in the late ‘80s has since grown to a $27.67 billion stake and despite recent bumps – like a 12% drop from September's peak – investors still see value here. 

Morgan Stanley's Dara Mohsenian predicts Coca-Cola could climb to $76 a share, marking a potential 19% increase. Investors love Coca-Cola for its dependable growth and steady dividend payouts. Coca-Cola just raised its dividend for the 62nd consecutive year, offering a 3% yield – a rarity in today's market. 

Unlike the roller-coaster nature of tech, Coca-Cola's simpler, time-tested business model gives it a stability that's hard to beat. The company's revenue ticked up, with a 5.0% rise in the first nine months of 2024 alone and management projects 10% organic sales growth for the year – proof of the brand's staying power.

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