Legendary investor Warren Buffett has been busy buying stocks on the market dips – and he's also placed a big bet on one specific industry…
Amid Wednesday's stock market sell-off, which left the Dow Jones Industrial Average, the S&P 500, and the Nasdaq down 1.4%, 1.3%, and 1.59% respectively on heavy volume (the fifth heaviest of any session this year), the Oracle of Omaha went shopping.
Speaking on CNBC Thursday morning, the billionaire investor declined to share what stocks he bought. But, he did say they are "names you'd recognize."