2 Growth Stocks Billionaire Investors Are Buying in a Bear Market
The Nasdaq Composite has been in a downward tailspin for the better part of the past year, and macroeconomic concerns pushed the index into bear market territory during the first quarter. But some of the wealthiest investors have treated the downturn as a buying opportunity.
For instance, billionaire Israel Englander of Millennium Management added to his position in The Trade Desk (NASDAQ: TTD) in the first quarter, while billionaires John Overdeck and Ron Baron increased their stakes in Datadog (NASDAQ: DDOG).
Since then, both stocks have continued to fall. That's got some investors wondering why these billionaires are buying these growth stocks.
Source Fool.com
