Top Growth Stocks Billionaires Are Buying Left and Right
Top Growth Stocks Bought by Billionaires
You don't need to be rich to invest in the same stocks as famous billionaire investors. If you're curious about what the world's most successful investors are buying and selling, you're not alone. The good news is that learning from the pros is probably easier than you think.
Amazon
- Amazon's stock has surged this year because e-commerce profits came roaring back in 2023. Operating income from its North American segment swung to a very healthy $14.9 billion last year from a loss of $2.8 billion in 2022.
- Amazon dominates the U.S. e-commerce market, but there's still plenty of room to grow. The U.S. Department of Commerce reported total retail sales that reached $1.83 trillion in the fourth quarter.
Duolingo
- Duolingo's smartphone application of the same name is gaining popularity at a hair-raising pace. There were 26.9 million daily active users on the platform in the fourth quarter of 2023, which was 65% more than it reported a year earlier.
- Duolingo's stock is richly valued at about 64 times 2024 earnings expectations. That means investors who buy at recent prices could suffer heavy losses if the company's bottom line doesn't rise rapidly for a few more years.
Everyday investors can learn a lot by following billionaire money managers, but it's important to remember that not every every bet they make pays off. Here's a closer look at two stocks that were popular with billionaires in the fourth quarter of 2023.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.