Have you noticed there are some beaten-down growth stocks that appear more valuable than the market gives them credit for? Steven Cohen of Point 72 Asset Management and James Simons of Renaissance Technologies have been buying up shares of some growth stocks that peaked last year and have been beaten mercilessly ever since. James Simons of Renaissance Technologies started a new position in Shopify (NYSE: SHOP) by purchasing around 14 million shares during the second quarter. Read More...
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Goldman Sachs: Buy These 2 Stocks Before They Jump 90% (or More)
The old stock market axiom to buy when others are fearful could readily apply right now, according to Ashish Shah, chief investment officer at Goldman Sachs. Amid concerns markets will be volatile following Federal Reserve Chair Jerome Powell’s Jackson Hole policy speech on Friday, Shah thinks that doesn’t mean investors should stay on the sidelines at present. It’s preferable to buy “when there’s fear in the market,” say Shah. “Don’t fall into the trap of buying when there’s FOMO,” he added. Ag
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