Market Overview

Reese Creates a Buffett Portfolio for Possible Berkshire Targets

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At Berkshire Hathaway's annual shareholder meeting on Saturday, Warren Buffett said he recently walked away from a $22 billion dollar acquisition; however, Monday on CNBC, Buffett said that an acquisition of such amounts could still be on the table.

John Reese, founder of Validea.com, is the author of The Guru Investor: How to Beat the Market Using History's Best Investment Strategies and a regular columnist for RealMoney.com and Forbes, appeared on CNBC well after Buffett appeared and dove into several companies that would meet Warren Buffett's investment criteria.

He highlighted some companies that meet his criteria Buffett's valuation metrics. These companies include:

General Dynamics (NYSE: GD) Market Cap: $24.4B
General Dynamics Corporation is an aerospace and defense company that offers a portfolio of products and services in business aviation; combat vehicles, weapons systems and munitions; military and commercial shipbuilding, and communications and information technology. Its business groups include Aerospace, Combat Systems, Marine Systems and Information Systems and Technology.

Waters Corporation (NYSE: WAT) Market Cap: $7.5B
Waters Corporation is an analytical instrument manufacturer. The Company operates in two segments: Waters Division and TA Division. The Company designs, manufactures, sells and services, through its Waters Division, high performance liquid chromatography, ultra performance liquid chromatography and mass spectrometry technology systems and support products, including chromatography columns, other consumable products and comprehensive post-warranty service plans.

Amphenol Corporation (NYSE: APH) Market Cap: $8.9B
Amphenol Corporation is a designer, manufacturer and marketer of electrical, electronic and fiber optic connectors, interconnect systems and coaxial and high-speed specialty cable. Amphenol designs and manufactures connectors and interconnect systems, which are used primarily to conduct electrical and optical signals for a range of electronic applications.

Fastenal (NASDAQ: FAST) Market Cap: $13.0B
Fastenal Company is engaged in selling industrial and construction supplies in a wholesale and retail fashion. The industrial and construction supplies are grouped into eleven product lines. The Company distributes the supplies through a network of approximately 2,600 company owned stores. Most of its customers are in the manufacturing and non-residential construction markets.

Tractor Supply (NASDAQ: TSCO) Market Cap: $6.9B
Tractor Supply Company is an operator of retail farm and ranch stores in the United States. The Company's stores are located in towns outlying metropolitan markets and in rural communities, and offer a selection of merchandise, which include equine, pet and small animal products, including items necessary for their health, care, growth and containment; hardware, truck, towing and tool products; seasonal products, including lawn and garden items, power equipment, gifts and toys; maintenance products for agricultural and rural use, and work/recreational clothing and footwear.

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