2 Exceptional Growth Stocks Down 49.6% to 67.1% That Billionaires Keep Buying
Whether you're new to investing or you've been doing it for decades, the past year has been a difficult one. The growth stock-laden Nasdaq Composite index is down around 21% over the past 12 months, and nobody's sure when it can start to bounce back.
Despite a market that isn't cooperating with investors of any description, there are plenty of billionaires out there who continue to plow money into their favorite growth stocks. Here are two particularly interesting businesses that billionaires bought hand over fist in the fourth quarter. Read on to see why folks with enough net wealth to move mountains find them so compelling.
Shares of The Trade Desk (NASDAQ: TTD) are still down 49.6% from the peak they reached way back in 2021. Billionaire hedge fund manager Israel Englander isn't deterred by the stock's poor performance. The fund he runs, Millennium Management, added nearly 700,000 shares of the stock to its portfolio during the last three months of 2022.
Source Fool.com
