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Widely acknowledged as the world’s most renowned investor, with a stellar long-term track record to back up that assessment, remarks by Warren Buffett deservedly get a great deal of attention, and others repeatedly try to replicate his methods and anticipate his moves. The annual meeting of his Berkshire Hathaway inc. is coming up on Saturday, May 5, and investors will be eager to parse his comments for valuable insights. In anticipation of that meeting, Bhumika Gashti, who heads a team of research analysts at Credit Suisse AG, thinks that these stocks may be among those that fit Buffett’s criteria, according to Barron’s: Ulta Beauty Inc. (ULTA), O’Reilly Automotive Inc. (ORLY), Cognizant Technology Solutions Corp. (CTSH) ), CDW Corp., (CDW)), Centene Corp. (CNC) and Universal Health Services Inc. (UHS).
What They Do
Ulta is a retailer of beauty products with in-store salons. O’Reilly is a retailer of auto parts, tools and accessories that also provides various diagnostic and repair services. Cognizant offers information technology consulting and outsourcing services. CDW provides information technology services such as cloud computing and data center optimization. Centene is involved in administering various government-sponsored healthcare programs. Universal manages hospitals and other healthcare centers.
For the six stocks mentioned above, here are their price gains over the past five years and for the year-to-date through April 30, as well as their forward P/E ratios, per Yahoo Finance:
- Ulta: +186% 5 years, +12.1% YTD, 19.8x P/E
- O’Reilly: +39%, +6.5%, 15.0x
- Cognizant: +155%, +15.5%, 16.0x
- CDW: +306%, +2.9%, 13.6x
- Centene: +370%, +7.6%, 13.3x
- Universal Health: +74%, +0.8%, 11.0x