Two Buffett stocks, American Express (NYSE: AXP) and Moody's Corporation (NYSE: MCO), stand out as excellent holdings no matter what the economy does, while Ally Financial (NYSE: ALLY) should be avoided for the time being. Buffett invested billions in highly recognizable companies like Apple and Coca-Cola and said, "You can't create another American Express." The company saw slow credit-market activity across all sectors as market volatility, rising interest rates, and concerns about inflation and a recession kept debt issuance muted.