Billionaires favor stocks like Amazon and Meta

Wall Street has seen a recent decline in stocks, particularly in the Nasdaq Composite, which fell by 11.5% since February 19. This sell-off has presented investors with opportunities to buy stocks that are favored by billionaire asset managers. Despite the downturn, some big-name stocks remain attractive. Amazon, for example, has seen its shares drop 20% since reaching a peak in early February. Many billionaire investors, like Warren Buffett, hold significant shares in Amazon. The company is valued for its cloud services, particularly Amazon Web Services (AWS), which holds a 33% global market share. Sirius XM Holdings is another stock to consider. Its shares have decreased by 45% over the past year. Warren Buffett also invested heavily in Sirius XM, which benefits from a stable revenue model largely based on subscriptions rather than advertising. This structure offers resilience during economic downturns. Meta Platforms, the parent company of Facebook and Instagram, has also drawn attention from billionaire investors. Its shares have dropped 20% from their recent high. Meta has a vast user base and is integrating AI technology to enhance advertising and user engagement. The company is seen as well-positioned for future growth, with a reasonable price-to-earnings ratio. Overall, the recent market dip has opened the door for long-term investors to acquire shares in companies well-regarded by billionaires.