Although there are some indications that we've left the bear market behind, we'll know for sure when the market exceeds its previous high. That came very close to happening toward the end of July, but an interest rate hike and some dismal retail earnings reports sent the S 500 back down again. It's now up 14% in 2023.

The good news is that so long as prices remain lower, there are more deals to be had. When looking for great stocks to buy, tracking what billionaires are buying can provide some inspiration. While each billionaire's fund has its own goals and strategy, they know how to pick winners. 

Recently, David Tepper's Appaloosa Management and George Soros' Soros Fund Management have been buying Amazon (NASDAQ: AMZN) stock, and Appaloosa and James Simons' Renaissance Technologies have been buying Uber Technologies (NYSE: UBER) stock. Both of these stocks are climbing back up this year after a difficult 2022.

Continue reading

Source Fool.com