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2 Growth Stocks Billionaires Can't Stop Buying in a Bear Market

TheMotleyFool

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2 Growth Stocks Billionaires Can't Stop Buying in a Bear Market: https://g.foolcdn.com/editorial/images/710132/bear-market-5.jpg

The looming possibility of a recession sent the S&P 500 and Nasdaq Composite spiraling into a bear market this year. Still, some billionaire fund managers bought stocks throughout the downturn.

For instance, Israel Englander of Millennium Management nearly tripled his stake in Zscaler (NASDAQ: ZS) in the third quarter, and his position has increased more than tenfold since the beginning of the year. Similarly, Steve Cohen of Point72 Asset Management nearly tripled his position in Elastic (NYSE: ESTC) since the first quarter.

Here's what investors should know about these growth stocks.

Source Fool.com

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