Abel's Berkshire Portfolio: 5 Stocks, 1 Top Pick for September

Warren Buffett's successor at Berkshire Hathaway, Greg Abel, has chosen to invest in just five stocks for 68% of the company's portfolio. These stocks are Apple (NASDAQ: AAPL), American Express, Coca-Cola, Alphabet, and Bank of America. Among these, Apple is a standout pick for September.

Apple has been a Buffett favorite and is now also favored by Abel. The company is poised to announce new product launches on September 9, including the release of Apple Watches and iPhones. This event could boost the company's AI capabilities and provide a competitive advantage in the market.

With a strong moat and loyal customer base, Apple offers investors stability and growth potential through its innovation in areas such as artificial intelligence. Although the stock is not cheap at 36x forward earnings estimates, it is not ridiculously expensive given its prospects.