Berkshire Hathaway Inc. (NYSE: BRK.A) held its annual shareholder meeting this past week. As always, investors are looking for updates on the top Warren Buffett stocks and if he's made any changes in his positions.
Before we get in to the top five Warren Buffett stocks to watch in 2016, here's some highlights from Berkshire's annual meeting…
Berkshire reported net income of $5.59 billion, up 8% from $5.16 billion a year earlier.
Insurance underwriting profits declined to $1.13 billion in Q1. That compared with $1.35 billion in Q1 2015.
Berkshire's enormous railroad, utility, and energy segment also saw profits fall. Profits dipped to $1.22 billion versus $1.46 billion a year ago. Lower shipments of coal and material used in shale-gas extraction cut into results.
Warren Buffett's fame isn't the only reason Berkshire Hathaway's results are closely watched. The Omaha-based company's results are telling of the health of the U.S. economy. As one of the largest companies in America, almost all of Berkshire's earnings come from the United States.
Meanwhile, Buffett's top holdings, latest buys, and new sells are all scrutinized by investors and money managers who attempt to mimic the Oracle of Omaha's moves.
Here are the top five Warren Buffett stocks to watch in 2016…
Source: Money Morning