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Whale Watching: Warren Goes to Work

Tuesday, 29 Apr 2008 | 6:20 PM ET

It’s been a busy few months for Warren Buffett.

The spry 77-year old began '08 with a $4.5 billion deal for Chicago industrial giant Marmon Industries. Then he used his still stellar financial standing to create a cash-rich municipal bond insurance company.

But he was only getting started.

On Monday of this week, the legendary investor backed Mars in a $23 billion purchase of Wm Wrigley forming the biggest candy maker in the world. Then on Tuesday Burlington Northern , the railroad in which Buffet owns a 20% stake, reported its highest profits ever.

With Berkshire Hathaway’s annual meeting on Saturday, it seems the “Oracle of Omaha” is seeing clearly now. Here's how to follow him out of the dark.

I think it’s not very complicated, says Jeff Macke. The buy is Berkshire Hathaway .

I think he’s so smart, Karen Finerman says. I agree that BRK is the buy.

Wells Fargo might be worth a look, adds Guy Adami as well as Johnson & Johnson . Buffett owns both.

Or check out American Express which is another one of Buffett’s top 10 holdings, says Pete Najarian.

Read More:

Warren Goes To Work
As Wall Street waits for the credit crunch to clear, Warren Buffett is making deals and scoring investment wins, with the Fast Money crew.

> Warren Buffett Watch with Alex Crippen

* If you're a Buffett fan you won't want to miss this award winning CNBC blog.



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Trader disclosure: On Apr. 29, 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 (INTC), (ATVI), (MSFT), (DIS); Najarian Owns (AAPL), (TSO), (YHOO), (XLF);Najarian Owns (CHK) Calls, (MSFT) Calls, (POT) Calls; Finerman's Firm Owns (GE); Finerman's Firm And Finerman Own (FLS); Finerman's Firm Owns (MO), (MSFT), (PM), (TSO) (VLO); Finerman's Firm Is Short (GLD), (IYR), (MDY), (IWM), (RTY), (SPY), (COF), (SPG); Finerman's Firm Owns A Bullish Call Spread In (YHOO) And Owns (YHOO) Stock; Finerman's Firm Is Short The British Pound; NBC Universal Is The Parent Company Of CNBC; GE Is The Parent Company Of CNBC

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  • Melissa Lee is the host of CNBC's “Fast Money” and “Options Action.”

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  • Finerman is president of Metropolitan Capital Advisors, Inc., a company she co-founded.

  • Founder of EmergingMoney.com

  • Chief Market Strategist for Virtus Investment Partners & CNBC Contributor

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