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Warren Buffett’s Contrarian Bets on 2 Stocks Bank of America Warns Against

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Summary
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78% Informative

Warren Buffett is known for his exceptional investing acumen and disciplined value-based approach.

Buffett has been loading up on shares of Sirius XM Holdings (NASDAQ:SIRI) and Pool Corp.

Bank of America analyst Jessica Reif Ehrlich rates SIRI shares as Underperform (i.e., Sell ), while her $ 23 price objective suggests the shares will drop by ~15% over the next 12 months .

Buffett opened a new position in POOLCORP stock during Q3 , loading up on 404,057 shares worth more than $152 million .

Buffett is showing faith at a time of dwindling returns.

Revenue and earnings have both been on the backfoot this year , as was the case in Q3 print.

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