2 Magnificent Growth Stocks the Smartest Investors Are Buying Before the Next Bull Market
Even as the S&P 500 and the Nasdaq Composite dipped into a bear market this year, some of the smartest hedge fund managers out there weren't dissuaded and kept buying growth stocks eagerly. Karthik Sarma of SRS Investment Management took a stake in Shopify (NYSE: SHOP) in the first quarter, and he built it into his fifth-largest position by the end of the third quarter. Meanwhile, David Shaw of D.E. Shaw & Company more than doubled his stake in The Trade Desk (NASDAQ: TTD) since the first quarter.
What makes Sarma and Shaw smart? The funds these two hedge fund managers oversee both outperformed the S&P 500 over the past four years, putting them in rarefied air. Individual investors should follow their lead and buy these two growth stocks before the next bull market. Here's why.
High inflation hit retailers from multiple angles this year. Rising prices simultaneously slowed consumer spending and turbocharged operating costs, putting pressure on Shopify's top and bottom lines.
Source Fool.com
