Are These Warren Buffett Stocks Still Outperforming the S&P 500 and Worth Buying?

Warren Buffett, the legendary investor, continues to showcase his winning ways in 2024 with three of his stocks outperforming the S&P 500.

First up is Nu Holdings (NYSE: NOW), a fintech stock that has surged over 40% year to date, leaving the S&P 500’s 12% gain in the dust. Despite initial struggles after its IPO in 2021, Nu has seen a remarkable turnaround and operates one of the largest digital banks in Brazil, Colombia, and Mexico.

Next is DaVita (NYSE: DVA), a dialysis services provider that has seen a 38% return so far this year. While not a subsidiary of Berkshire Hathaway, Buffett’s conglomerate owns a significant 41.2% stake in the company. DaVita’s earnings doubled in the first quarter of 2024, driven by a cyber attack on Change Healthcare.

Lastly, Mitsui (OTC: MITSF) has been the best performer among Buffett’s five Japanese stocks, with a 31% gain in 2024. Buffett has praised Mitsui for its shareholder-friendly policies and listed it as one of the eight stocks Berkshire expects to own indefinitely.

While these stocks have delivered impressive returns, investors should carefully consider their investment decisions. Nu may appeal to growth investors, Mitsui to value investors, and DaVita for its steady business expansion.

In conclusion, Buffett’s winning streak continues with these three stocks, but investors should conduct thorough research before making any investment decisions.