Warren Buffett’s best-performing stock over the past 3 months isn’t Apple or Amazon. It’s a luxury furniture company.

Lynne M. Centeno
Warren Buffett.
Warren Buffett.

Paul Morigi / Stringer / Getty Images

  • Warren Buffett’s best-performing stock over the past three months isn’t Apple or Amazon.

  • The billionaire investor and Berkshire Hathaway CEO’s biggest gainer is Restoration Hardware, a luxury furniture seller whose shares have more than doubled since the start of May.

  • Buffett’s second-best performer over the period is StoneCo, which has soared more than 80%.

  • Visit Business Insider’s homepage for more stories.

Warren Buffett’s best-performing stock over the past three months isn’t Apple or Amazon, even though shares of both tech titans surged to all-time highs this week.

Instead, the star holding of the famed investor and Berkshire Hathaway CEO since early May is Restoration Hardware, a high-end furniture retailer. Buffett’s second-best performer is StoneCo, a Brazilian digital-payments company.

Apple stock has climbed about 52% over the past three months, while Amazon has gained 37%.

Meanwhile, Restoration Hardware

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‘No Company is Entirely Immune From a COVID-19 Led Economic Slowdown’ Says Fidelity’s Simnegar

Lynne M. Centeno

No business is completely immune from a COVID-19 led economic slowdown and the ongoing global pandemic isn’t affecting all industries and its stocks in the same way, said Sammy Simnegar, portfolio manager in the equity division at Fidelity Investments.

So far, the deadly coronavirus has infected over 14 million people in 188 countries and killed more than 600 thousand, impacting day-to-day businesses worldwide.

“We shouldn’t think of how COVID-19 is affecting the stock market in monolithic terms because the opportunities and risks are very different at the company level… we try to identify the potential ‘winners’ and ‘losers’ in a post-pandemic world,” noted Fidelity’s Simnegar.

Fidelity’s Simnegar thinks Microsoft is resilient. Microsoft has two main businesses – its Office software suite and its Azure cloud-services operation. Because Office and Azure help customers to be more productive and competitive, Simnegar believes spending on these products is not likely to be

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Sussex Co. Manufacturing Company Steps Up to Assist During Crisis

Lynne M. Centeno

Bucolic Frelinghuysen Township is home to a state-of-the-art manufacturing facility which has found itself on the front lines of the current public health crisis. James Alexander Corporation (JAC) produces plastic applications, packaging materials and solutions used in a variety of industries, but its ability to churn out products currently in use by pharmaceutical companies has placed it at the forefront of the testing currently underway by medical professionals in their attempts to get the data necessary to re-open the local economy. The company was founded in 1976 by Francesca Fazzolari (now serving as JAC’s Chief Executive Officer) and Alexander Davidson.

“We manufacture products that our customers use to develop tests for the Coronavirus,” explains Dave Robinson, President, James Alexander Corporation. “We also make products to test for strep throat and tuberculosis, as well as a couple of products that are used to test the fit of respirators. All of these

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