Got $1,000 to invest? These 5 Warren Buffett-approved stocks could be smart long-term plays for your portfolio.

Where to invest $1,000 right now? Our analyst team just revealed what they believe are the 10 best stocks to buy right now. Continue » Buffett loves this oil and gas stock Buffett is a huge fan of oil and gas producer Occidental Petroleum (NYSE: OXY).

Warren Buffett, arguably the greatest investor of all time, is renowned for his long-term investment approach. He's been quoted as saying that his favorite holding period is forever. For those looking to apply Buffett's wisdom -- which might not be such a bad idea considering his track record -- it's helpful to consider investing in the stocks he loves.