3 Stocks to Buy in October 2020

*I am not a financial advisor, all stock picks and investment articles are my personal opinion; you should do your own research before making any investments.

Fall is upon us and the year's end is approaching with great speed. 2020 has been the most dramatic year I can possibly remember. Politics and race has divided our country like no other time in history. To make things worse, we've been hit with a deadly pandemic that has brought our economy to its proverbial knees. Some say that Wall Street has been disconnected from Main Street in this regard, but I beg to differ. The drama of the pandemic has played out in the stock market through it's incredible volatility! In times like this, you want your money invested in companies you can rely on and feel safe with for the long term. I've put together my list of stocks that I think are a bargain right now for the long term investor!

1) Coca Cola (KO)

CEO: James Quincey (May 1, 2017 - )

Market Cap: $211.099 Billion

Current Stock Price: $49.15

52 Week Range: $36.27 - $60.13

Earnings Date: 10/22/2020

What do they do?

An American multinational beverage corporation that has interests in the manufacturing, retailing and marketing of nonalcoholic beverage concentrates and syrups.

I first bought Coca-Cola after hearing an interview with Berkshire Hathaway's Charlie Munger where he was asked the question, if he could only own "one stock forever which would it be?" His answer was quickly Coca-Cola. After further examination and research, I realized that Coca-Cola is a hallmark of American society; a dividend stock that's solid and stands the test of time. It's one of those stocks that never really drops too far, which is why you should buy it now, and it slowly but surely increases in value over time.

2) Well Fargo & Company (WFC)

CEO: Charles W. Scharf (Oct. 21, 2019 -)

Market Cap: $95.369 Billion

Current Stock Price: $23.13

52 Week Range: $22.00 - $54.75

Earnings Date: 10/14/2020

What do they do?

An American multinational financial services company. It is the world's fourth-largest bank by market capitalization and the fourth largest bank in the US by total assets.

I'll preface this stock pick by saying, I hate Wells Fargo; seriously, I use to bank with them and they charged me excessive fees, so I took my business to Chase. However, the value in their stock price presently is too great to ignore. They're currently trading near their 52 week low and have been ever since the pandemic hit. Part of the reason for the discount on the stock are the internal struggles and fake account scandal over the last year. CEO Charles Scharf was put into the role with the onus to clean shop and, for the most part, he's done just that by replacing much of the bank's top management.

Recently, however, Scharf has come under fire in regards to his statement on diversity at Wells Fargo where he said there was a "very limited pool of black talent to recruit from". I personally believe this situation will be forgotten soon and swept under the rug with little to no affect on the stock price. In America's current climate, people are more sensitive about race than ever before; no one can say anything bad about any race, other than whites, without being criticized. Well Fargo will be just fine in the long run in my opinion.

3) Berkshire Hathaway, Inc. B Shares (BRK-B)

CEO: Warren Buffet (1970 - )

Market Cap: $503.537 Billion

Current Stock Price: $211.14

52 Week Range: $159.50 - $231.61

Earnings Date: 11/02 - 11/06/2020

What do they do?

They're an American multinational conglomerate holding company that wholly owns GEICO, Duracell, Dairy Queen, BNSF, Lubrizol, Fruit of the Loom, Helzberg Diamonds, Long & Foster, Flight Safety International, Pampered Chef, Forest River, and Net Jets, and also owns 38.6% of Pilot Flying J; and significant minority holdings in public companies Kraft Heinz Company (26.7%), American Express (17.6%), The Coca-Cola Company (9.32%), Bank of America (11.5%), Apple (5.4%) and Barrick Gold.

I would venture to say that there's not much more that needs to be said here. With legendary investor Warren Buffet at the helm, Berkshire is a stock that simply can't lose in the long run. It seems like they virtually own a little bit of everything! Even more impressive is their average annual book value of 19% since 1965. Their leadership is conservative and intelligent when it comes to investing and running a business. The Berkshire B shares gives investors with little capital an opportunity to get in on the action. This stock is basically like a very diverse ETF, investing in Berkshire Hathaway is instant diversity in your portfolio; and they have a winning track record dating as far back as 1839.

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