CPNG - 3 High-Octane Stocks That Billionaires Are Buying
2024-06-01 08:00:00 ET
Following the stock selections of famous investors can be a great way to find future winners. These investors generally have excellent track records of beating the market's average returns, and because some of these professionals oversee billions of dollars in assets for their clients, they conduct exhaustive research before investing in a company.
Three Motley Fool contributors were asked to identify three high-octane stocks that they favor and that billionaire investors have been buying recently. Their picks: Alibaba Group (NYSE: BABA) , Coupang (NYSE: CPNG) , and Chipotle Mexican Grill (NYSE: CMG) .
John Ballard (Alibaba): Alibaba shares are trading well off their peak today. Economic headwinds from COVID-related issues weighed on consumer spending in China last year, which significantly impacted Alibaba's revenues, and the stock's moves reflected that. But this once fast-growing e-commerce and cloud computing leader could be turning a corner.
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3 High-Octane Stocks That Billionaires Are Buying