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Warren Buffett’s Berkshire Hathaway (NYSE: BRK.A, BRK.B) has significant holdings in American Express (NYSE: AXP) and Floor & Decor (NYSE: FND), both of which are considered strong long-term investments. American Express, Berkshire’s third-largest holding, plans to increase its marketing budget by $800 million to $6 billion this year to attract new customers. The company expects growth benefits from these investments starting in 2025.
Meanwhile, Floor & Decor is focusing on expansion, projecting the opening of 30 to 35 new stores this year, with a long-term goal of 500 U.S. locations. The company’s current market presence includes 225 warehouse stores across 36 states. Although facing challenges from a sluggish home improvement market, it is expected to gain from a projected recovery in the sector through mid-2025.
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