Buffett's Crash-Proof Stocks: Coca-Cola, Amex, and Chevron

Warren Buffett's portfolio is often seen as a benchmark for investors looking to weather market downturns. If a stock market crash is indeed on the horizon, experts suggest holding onto three Berkshire Hathaway stocks: Coca-Cola, American Express, and Chevron.

Coca-Cola has been one of Buffett's longest-held positions, with a 38-year stake in the beverage giant. The company's resilient business model and history of dividend increases have made it a stalwart in times of market volatility. With a super-low 5-year beta of 0.34, Coca-Cola's shares are significantly less volatile than the S&P 500.

American Express has been another long-term hold for Buffett, with a position initiated in 1991 and maintained ever since. The financial services leader targets affluent cardholders who have historically maintained their spending during recessions. With a beta of 1.05, American Express stock has nearly doubled over the past five years and beaten the overall market.

Chevron, added to Berkshire's portfolio in late 2020, has seen significant gains since then, up almost 140% from the end of 2020. The company's well-positioned dividend program and planned capital projects make it a potential beneficiary of higher oil prices.