2 Growth Stocks Brilliant Money Managers Are Buying Hand Over Fist
Only a handful of professional money managers actually beat the S 500 (SNPINDEX: ^GSPC) on a regular basis, but Arne Alsin and Karthik Sarma have done just that. The S 500 rose 67% during the three-year period that ended on March 31, 2023. Alsin and Sarma saw their hedge funds increase 107% during that time. That outperformance suggests both investors offer a good source of stock-picking inspiration.
With that in mind, Alsin was buying shares of Amazon (NASDAQ: AMZN), and Sarma was buying shares of (NYSE: TWLO) hand over fist in the first quarter. Here's what investors should know about those two growth stocks.
Alsin increased his stake in Amazon by 43% during the first quarter and 1,400% over the past year. The stock now represents more than 3% of his portfolio through Worm Capital, and excluding certain options contracts, it ranks as his third-largest holding. That high conviction is likely due to Amazon's strong competitive position in three growing markets: e-commerce, digital advertising, and cloud computing.
Source Fool.com
Twilio Inc Stock
Currently there is a rather positive sentiment for Twilio Inc with 19 Buy predictions and 3 Sell predictions.
With a target price of 69 € there is a positive potential of 26.68% for Twilio Inc compared to the current price of 54.47 €.
