Market Valuations Plummet, Buffett Prepares
This is a Shopify news story, published by Yahoo Finance, that relates primarily to Warren Buffett news.
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Warren BuffettThe Motley Fool
•Warren Buffett's Stockpiling Cash. 3 Incredible Stocks to Buy If There's a Market Correction.
72% Informative
Warren Buffett has been stockpiling cash at Berkshire Hathaway's highest levels ever.
If there's a market correction, it would be an excellent opportunity to grab shares of Shopify and Costco Wholesale .
Cava is a fast-growing restaurant chain that serves fast-casual fare with a Mediterranean flavor.
Costco is trading at its highest-ever levels at 58 times trailing 12-month earnings.
Cava Group opened 11 stores in the third quarter for a total of 352 .
Revenue increased 39% year over year in the quarter , driven by the new stores and comparable sales growth of 18% .
Cava stock is already up 237% this year at this writing and trades at a P/E ratio of 315 .
If the market corrects, it could be an excellent growth stock to add to your portfolio.
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