3 Stocks Billionaires Own
Drafting is a technique in which you ride in the wake of another vehicle, and have its wind vortex pull you along. You see it a lot in car racing, but you can also witness it out on the highway when someone is following closely behind a big-rig truck.
Investors can do it too: You can try to follow along in the slipstream of billionaire hedge-fund operators, using their SEC filings to see where they're making big bets, and getting stock ideas from them.
Recently, personal finance website WalletHub examined the most recent SEC disclosures filed by more than 400 hedge funds and billionaires, and three companies that billionaires Carl Icahn, Nelson Peltz, and Bill Ackman had taken big stakes in caught my eye. Let's take a closer look at Freeport-McMoRan (NYSE: FCX), Procter & Gamble (NYSE: PG), and Automatic Data Processing (NASDAQ: ADP) to see why these were the biggest buys these legends added to their portfolios.
Source: Fool.com
Freeport-McMoRan Inc. Stock
Freeport-McMoRan Inc. is currently one of the favorites of our community with 13 Buy predictions and no Sell predictions.
As a result the target price of 50 € shows a slightly positive potential of 6.67% compared to the current price of 46.88 € for Freeport-McMoRan Inc..
