3 High-Octane Stocks That Billionaires Are Buying
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.
Source Fool.com
Alibaba Group Holding Ltd ADR Stock
The stock is one of the favorites of our community with 49 Buy predictions and 2 Sell predictions.
With a target price of 108 € there is a slightly positive potential of 3.45% for Alibaba Group Holding Ltd ADR compared to the current price of 104.4 €.