Smart Investors Are Buying These 2 Growth Stocks Hand Over Fist
Despite recent volatility, the S&P 500 climbed nearly 29% between June 2019 and June 2022, generating a return of 8.7% per year. But hedge fund managers Chris Hohn and David Tepper managed to beat the market during that period, achieving annualized returns of 14.5% and 9.8%, respectively. That's particularly impressive given most professional money managers underperform the S&P 500.
Hohn added to his stake in Microsoft (NASDAQ: MSFT) in the second quarter, and it now ranks as his second-largest holding. Meanwhile, Tepper started a position in Salesforce (NYSE: CRM), making it his fourteenth-largest holding. Since these fund managers have strong track records, investors should take a close look at both stocks.
Here's why Microsoft and Salesforce look like smart long-term investments.
Source Fool.com
