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Fast Money HomeFast Money Rapid RecapAbout Fast MoneyFast Money BiosFast Money Web ExtraFast Money Disclaimer
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May.02
6:24 PM ET
Friday, 2 May 2008
What Should Buffett Buy?

Investors are keeping an ear toward Omaha as Warren Buffett prepares for his annual shareholder meeting on Saturday. The event is expected to draw 30,000 people or more to what’s affectionately called the “Woodstock for Capitalists.”

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  Loading...      ()   ]forming the biggest candy maker in the world. Then on Tuesday Burlington Northern [BNI  Loading...      ()   ], the railroad in which Buffet owns a 20% stake, reported its highest profits ever.

Berkshire Hathaway [BRK  Loading...      ()   ]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  Loading...      ()   ].

Guy Adami recommends 3M [MMM  Loading...      ()   ].

Jeff Macke thinks he should buy Microsoft [MSFT  Loading...      ()   ].

Tim Seymour puts Grupo Televisa [TV  Loading...      ()   ] on the table.

-------------------

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

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