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What Should Buffett Buy?
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The faithful are eager to hear what the Oracle of Omaha intends to do next. On Monday of this week the legendary investor backed Mars in a $23 billion purchase of Wm Wrigley [WWY
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]forming the biggest candy maker in the world. Then on Tuesday Burlington Northern [BNI
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], the railroad in which Buffet owns a 20% stake, reported its highest profits ever.
Berkshire Hathaway [BRK
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]is currently sitting on more than $40 billion in cash and now some shareholders are hoping Buffett will put more of that money to work.
Traders, if you were counseling Warren Buffett, what would you recommend as a buy?
Karen Finerman suggests Philip Morris International [PM
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].
Guy Adami recommends 3M [MMM
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].
Jeff Macke thinks he should buy Microsoft [MSFT
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].
Tim Seymour puts Grupo Televisa [TV
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] on the table.
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Read More
Check out Warren Buffett Watch with Alex Crippen for your complete coverage .
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Trader disclosure: On May 2, 2008, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders; Macke Owns (ATVI), (DIS), (MSFT), (HAS), (INTC); Adami Owns (AGU), (NUE), (BTU), (C), (GS), (INTC), (MSFT); Seymour Owns (AAPL), (CSCO), (INTC), (MER), (MSFT); Seygem Asset Management Owns (EEM), (INFY); Finerman Owns (GS), (C); Finerman's Firm And Finerman Own (HD); Finerman's Firm Owns (NYX), (MO), (MSFT), (PLCE), (PM),(YHOO) and (YHOO) Call Spreads, S&P 500 Puts, Finerman's Firm Is Short (WWY), (IYR), (IJR), (MDY), (IWM), (SPY), (COF); Finerman's Firm And Finerman Own (C) And (C) Leaps; GE Is The Parent Company Of CNBC
Data is a real-time snapshot *Data is delayed at least 15 minutes
