And there are some potential deals in there right now. Three stocks in Berkshire's portfolio that look incredibly cheap today are Kraft Heinz (NASDAQ: KHC), American Express (NYSE: AXP), and Chevron (NYSE: CVX).

Warren Buffett created the Giving Pledge, a campaign to convince billionaires to give away half their fortune to charity before they die. He was joined in the effort by fellow billionaire Bill Gates and Gates’ then-wife Melinda French Gates.

Keep reading to see two Warren Buffett stocks that could soar on the trend into next year. Image source: The Motley Fool. NVR (NYSE: NVR) is often considered the best-in-class homebuilder stock, and it's easy to see why. The stock is up an incredible 175,000% over the last 30 years, meaning it's turned $1,000 into $1.75 million.

That conclusion is further supported by the fact that Berkshire had $277 billion in cash and U.S. Treasuries on its balance sheet as of the June quarter, another record for the company. Finally, Buffett repurchased a mere $345 million in Berkshire stock during the June quarter, which marks his smallest allocation to stock buybacks in six years.

Jefferies has been on a tear since Berkshire bought in. Check out the closer look of JEF stock and read why I rate it as a Buy.

Warren Buffett's turn to cash indicates that now is not the best time for high equity exposure, David Einhorn wrote.

Warren Buffett’s recent trimming of stock positions in Apple and Bank of America has raised questions about what it means for the current market and economy. Bill Smead, a top fund manager, sees parallels between Buffett’s actions now and his warnings before the dot-com crash in 1999.