3 Supercharged Growth Stocks Down 70% to 88% That Billionaires Can't Stop Buying
This hasn't been an easy year for the investing community. Since hitting their respective all-time closing highs between six and eight months ago, the timeless Dow Jones Industrial Average, broad-based S&P 500, and growth-driven Nasdaq Composite have tumbled by as much as 19%, 24%, and 34%. In fact, the S&P 500 just turned in its worst first-half performance in 52 years!
Yet in spite of this miserable performance, billionaire money managers haven't been deterred from putting their money to work. Even though the following three supercharged growth stocks have fallen between 70% and 88% from their all-time closing highs, filings with the Securities and Exchange Commission (SEC) show that billionaires can't stop buying them.
Image source: Getty Images.
Source Fool.com
