The Best Warren Buffett Stocks to Buy for $300 Right Now

Warren Buffett has a great knack for growing piles of money. As CEO of Berkshire Hathawayit has delivered a whopping 4,384,748% return to shareholders over the past 59 years, resulting in an annualized return of 20% — double the S&P 500his return.

If you have $300 to invest right now, you could do a lot worse than picking a few stocks from Berkshire’s $284 billion stock portfolio. It’s full of industry-leading businesses that enjoy sustainable competitive advantages — one of the things Buffett looks for in every investment.

Here are two solid Buffett-approved stocks to invest in right now.

1. Amazon

Amazon (AMZN 2.63%) is a relatively small position for Berkshire Hathaway, with the company owning 10 million shares in the second quarter worth about $1.8 billion at current stock prices. Berkshire has held a position in the online tech titan since 2019.

Amazon benefits from a wide economic moat. It has more than 200 million Prime members, lucrative revenue streams from advertising and subscription services, and the leading enterprise cloud service from Amazon Web Services.

The common denominator that explains its success in retail and cloud computing is the company’s customer-focused culture. As businesses scaled back cloud spending in 2022, Amazon helped those businesses get the most out of their cloud budget. This goes a long way toward building long-term relationships with these customers and looks set to pay off as AWS’s revenue growth accelerates in 2024.

Amazon is a very big business, with $604 billion in revenue across all segments, but it still has years to grow. This is seen by the 19% year-over-year revenue growth of the AWS segment last quarter, which accounts for the bulk of the company’s operating profit, not to mention a global e-commerce market growing by 6 trillion dollars, according to eMarketer.

The stock is currently trading at around $176, so an investor with $300 can easily afford to buy a share of this outstanding growth stock.

2. Coca-Cola

Berkshire Hathaway is one of the Coca colahis (K.O -1.92%) the largest shareholders. It owns 9% of the company’s outstanding shares and is one of Buffett’s longest-standing investments in Berkshire’s stock portfolio. Buffett originally bought Coca-Cola stock more than 35 years ago, and the stock is now worth $400 million after several stock splits.

Coca-Cola’s competitive advantage is based on its strong consumer brand. People consume 800 billion servings of the company’s brands each year. That number should grow as Coca-Cola continues to drive higher growth in emerging and developed markets.

The beverage king spends more than $7 billion annually on marketing. Coca-Cola owns 200 brands, including Sprite, Minute Maid and Powerade, providing ample sales opportunities in a global soft drink market valued at $1.5 trillion, according to Statista.

Selling relatively affordable products in mass volume is a very profitable business. Most of the company’s revenue comes from selling concentrate or syrup to bottlers to create the finished product. This is why Coca-Cola earns a stellar 23% profit margin.

Coca-Cola has reported a series of strong earnings reports this year that have pushed the stock to new highs. Shares currently trade around $72, but the company’s above-average dividend yield of 2.69% suggests it’s still reasonably priced to deliver satisfactory long-term returns.