LVMHF - 3 Superior Stocks That Billionaires Can't Stop Buying
2023-10-21 08:00:00 ET
Following the stock picks of the world's wealthiest investors can work to your advantage. Just about all of them use a value approach to stock selection like Warren Buffett . When billionaire investors buy a stock, it's because they see a wide gap between the share price and the actual worth of the business.
Three Motley Fool contributors recently combed through the holdings of billionaires to find promising candidates that any investor can understand. Here's why they chose Walt Disney (NYSE: DIS) , LVMH Moët Hennessy Louis Vuitton (OTC: LVMHF) (OTC: LVMUY) , and Nike (NYSE: NKE) .
John Ballard (Walt Disney): Shares of Walt Disney are trading at levels not seen in more than five years. Naturally, several well-regarded investment managers are buying shares, including billionaire activist investor Nelson Peltz, who runs Trian Partners. CNBC reported that Peltz's firm has accumulated a stake worth about $2.5 billion, making Trian one of Disney's largest shareholders.
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3 Superior Stocks That Billionaires Can't Stop Buying