Author: Sean Williams, The Motley Fool

Based on an assortment of SEC filings, it’s readily apparent what Buffett has been up to in the second quarter.

Two of these names are historically inexpensive and ripe for the picking in August, while another Buffett holding is exceptionally pricey in the face of slowing growth.

It may not be a household name or have the highest yield, but when it comes to great dividend stocks, its streak of 205+ years of consecutive payouts is absolutely unrivaled.

Two highly profitable, brand-name companies with sustained competitive advantages are ripe for the picking; meanwhile, there’s one name that should be avoided like the plague.

Bargains still abound for patient investors, and these cutting edge names have the essential tools and intangibles necessary to deliver 200% returns.