Billionaire Israel Englander Snaps Up These 3 “Strong Buy” Stocks
Late November and early December saw a big sell-off in many technology stocks. Unexpected hawkish commentary from Federal Reserve Chairman Jerome Powell led to fears of higher interest rates, which could depress growth stock valuations. November and December also saw several earnings reports, in which several “stay-at-home” software companies reported decelerating growth as they lapped the pandemic. With many former market darlings now down 20%, 30%, or even 50% or more, several tech CEOs decided to express conviction in their companies by buying shares recently — and in very big numbers, too.