2 Unstoppable Growth Stocks That Billionaires Are Buying in a Bear Market
2022 is shaping up to be a rough year for many investors. The broad-based S&P 500 and the tech-heavy Nasdaq Composite declined for three consecutive quarters, and both indexes have dropped into bear market territory. But rather than get out of the market, some wealthy hedge fund managers treated that sell-off as a buying opportunity.
In the third quarter, Louis Bacon Moore of Moore Capital Management added to his stake in CrowdStrike Holdings (NASDAQ: CRWD), which now ranks as his fifth-largest position. Meanwhile, Stephen Mandel of Lone Pine Capital added to his stake in Taiwan Semiconductor Manufacturing (NYSE: TSM), which ranks as his sixth-largest holding.
Are these two growth stocks worth buying given this fresh endorsement from some hedge fund billionaires?
Source Fool.com
