America's Largest Pension Fund Is Buying These 2 Megacap Growth Stocks
The California Public Employees' Retirement System, known as CalPERS, manages the largest pension fund in the U.S. Its portfolio of stocks, private debt and equity, bonds, real estate, and other investments totals $452.3 billion. And it's responsible for the retirement benefits for nearly 3,000 public employers in the state of California. So, the moves made in the fund portfolio aren't to be taken lightly.
Well, CalPERS just added shares to two of its largest holdings in the third quarter, (NASDAQ: TSLA) and Nvidia (NASDAQ: NVDA). Should you follow in CalPERS footsteps? Or might there be some alternate options from stocks that compete with these two choices and also perform well?
California is known as a leading state in the push toward getting more electric vehicles (EVs) on the road, so it's understandable that it's putting its money where its mouth is.
Source Fool.com
Tesla Inc Stock
Currently there is a rather positive sentiment for Tesla Inc with 72 Buy predictions and 29 Sell predictions.
As a result the target price of 240 € shows a slightly positive potential of 18.64% compared to the current price of 202.3 € for Tesla Inc.
