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topicnews · September 30, 2024

Billionaire is sure: There is now a historic buying opportunity with these stocks

Billionaire is sure: There is now a historic buying opportunity with these stocks

These stocks have been beaten up on the stock market for years, but are now showing early signs of a comeback. According to this billionaire, these values ​​now have historic purchasing opportunities and he is buying the securities himself. Should investors not miss this opportunity?

David Tepper is a billionaire and, among other things, owns the Carolina Panthers football team. However, he made his wealth as a hedge fund manager and is still active in the market.

In a recent interview with CNBC, he revealed which stocks in particular he is betting on now.

Billionaire sees historic buying opportunities in these stocks

Because instead of Nvidia & Co., which Tepper recently had in his portfolio, the billionaire is now betting (almost) everything on Chinese stocks such as Alibaba or JD.com. The former hedge fund manager told CNBC that now is the time to go “all in” on China stocks.

Tepper’s statements are based on the prospects brought about by the new economic stimulus package in China, which caused stocks to rise sharply last week. For the billionaire, however, according to his statements and the portfolio structures he has made in favor of China, the rally is far from over.

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Are these stocks worth buying now?

But the question is: Is it actually worth buying stocks from China?

In addition to Tepper, there are now a number of experts who are increasingly positive. After all, stocks from China have gained 20 percent in the past week and the outlook appears positive.

Accordingly, it may now be worthwhile to take a look at securities from the Middle Kingdom, although investors should still be careful and consider the risks of investing in China.

Also read:

Despite an ETF savings plan: This is the difference why investors become millionaires and you may not

Or:

Millionaire reveals which stocks he is now buying for the stock market rally

Note on conflicts of interest:
The price of the financial instruments is derived from an index as the underlying value. Börsenmedien AG developed this index and holds the rights to it. Börsenmedien AG has concluded a cooperation agreement with the issuer of the securities presented, according to which it grants the issuer a license to use the index. Börsenmedien AG receives remuneration from the issuer.