📈 3 Beaten Up Stocks Billionaires Are Buying

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U.S. stock futures were pretty flat this Friday morning, but hey, at least the S&P 500 finally ended its four-day losing streak! Unfortunately, the major averages are headed for a losing week. Investors are worried about future interest rate hikes and the economy's mixed signals on inflation and consumer strength.

Apparently, some of the savviest billionaire money managers have been buying up beaten-down growth stocks in Q4. You know, the ones that everyone else has been running away from? Yeah, those ones. Institutional investors and ultra-wealthy individuals with $100 million or more had to file their 13F forms and disclose their investments. Keep reading for the 3 best growth stocks they've been scooping up.

Our latest guide "Following The Money: What The Elites Are Investing In" is packed with insights on what the 1% are investing in. Share our newsletter with a friend HERE and get access to this exclusive guide!

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Markets

Stock futures are little changed as investors await key inflation and consumer data: (3 minute read)U.S. stock futures are feeling pretty subdued after the S&P 500 finally ended a four-day losing streak. Unfortunately, it looks like the major averages are heading for a losing week. The S&P 500 is down about 1.64% as of Thursday, which could make it the worst week since Dec. 16. The Dow is also down by nearly 1.99% and is heading for its fourth straight losing week. The Nasdaq isn't doing much better, as it's down by 1.67% and on pace for its second negative week in three - The big concern for investors right now is the future of interest rate hikes.

European markets close higher as investors react to Fed minutes (5 minute read)European markets closed higher on Thursday. The pan-European Stoxx 600 index went up by 0.1%. Oil and gas stocks added 1.1% and tech bounced back by gaining 0.4%. Unfortunately, mining stocks took a hit, losing 1.6%. The reason for all this? Investors were digesting some minutes released by the U.S. Federal Reserve, which showed a continued commitment to fighting inflation with interest rate hikes.

Investing

Tesla stock could fall by more than 20% in coming weeks - analysts (2 minute read)Tesla's stock is still going strong, hovering near multi-month highs! Tesla's stock took a hit from September to January and people blamed Elon Musk's Twitter antics. But since then, it's rallied over 110% thanks to the improving risk sentiment for high-growth stocks. Lately, Tesla's shares have been trading range-bound, but BTIG analysts predict this could change soon. They noticed a momentum rollover based on MACD, similar to what happened in April and August. Let's see what happens next!

3 Supercharged Growth Stocks Down 89% to 97% That Billionaires Can't Stop Buying (5 minute read)Some of the smartest billionaire money managers were all about buying beaten-down growth stocks in Q4! During Valentine's Day, institutional investors and ultra-wealthy individuals with $100 million or more had to file their 13F forms, which show what the brightest minds on Wall Street were buying, selling, and holding. And guess what? The billionaires can't get enough of these high-octane growth stocks: electric-vehicle maker Rivian Automotive, telehealth company Teladoc Health, and biotech stock Novavax. These stocks have been through the wringer, but the billionaires believe they're worth it.

Nvidia Stock Pumps After Earnings Beat (5 minute read)Nvidia's stock soared almost 9% in after-hours trading on Wednesday after reporting better-than-expected revenue and net income. The US chipmaker expects Q1 revenue to hit $6.5B, citing the rise of AI tech as a driver for sales. Nvidia's stock has already surged 45% since the start of the year, and investors are optimistic that the AI buzz will help it reach its all-time high of $330 per share. Let's see if they're right!

Money

How Much the Average American Should Keep in Savings (5 minute read)Americans' savings habits might surprise you! According to a recent survey, 32% of respondents have $100 or less in their savings account, while 12% have between $101 and $500, and another 12% have over $10,000. Financial experts recommend keeping three to six months' worth of expenses in an emergency fund. It's hard to know exactly how much you should save, but it's always better to prepare for the worst and hope for the best.

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