Billionaires Can't Stop Buying These 3 Growth Stocks
In a span of four months, Wall Street and investors have experienced what looks to be about a decade's worth of volatility. The CBOE Volatility Index hit a record high in March, with uncertainty surrounding the coronavirus disease 2019 (COVID-19) pandemic pushing equities into the fastest bear market correction in history.
Then over the past 12 weeks, the stock market has staged a seemingly miraculous recovery. The tech-heavy Nasdaq Composite briefly hit an all-time high above 10,000, while the S&P 500 retraced more than 80% of its losses.
Yet in spite of this volatility, billionaire money managers have not only stayed put in a number of their core positions, but have also been consistently adding to some well-known growth stocks. Using 13F filings with the Securities and Exchange Commission for the first quarter as our guide, we find that billionaires simply can't stop buying the following three brand-name growth stocks.
Source Fool.com
