Following the stock selections of famous investors can be a great way to find future winners. These investors generally have excellent track records of beating the market's average returns, and because some of these professionals oversee billions of dollars in assets for their clients, they conduct exhaustive research before investing in a company. Three Motley Fool contributors were asked to identify three high-octane stocks that they favor and that billionaire investors have been buying recently.
Their picks: Alibaba Group ( BABA -1.62% ) , Coupang ( CPNG -2.11% ) , and Chipotle Mexican Grill ( CMG 0.
76% ) . A fallen growth stock that could spring back to life John Ballard (Alibaba): Alibaba shares are trading well off their peak today. Economic headwinds from COVID-related issues weighed on consumer spending in China last year, which significantly impacted Alibaba's revenues, and the stock's moves reflected that.
But this once fast-growing e-commerce and cloud computing leader could be turning a corner. One billionaire investor who has acquired a sizable stake in the company is Appaloosa Management's David Tepper , who has an estimated net worth of $20 billion, according to Forbes . Tepper is a highly successful hedge fund manager, and his firm more than doubled its stake in Alibaba to $814 million during the first quarter.
While Alibaba doesn't look like a high-octane stock right now, the opportunity it has to expand internationally through its AliExpress cross-border ret.
