Billionaires are investing in Amazon, Sherwin-Williams, and Nike, anticipating solid returns.

From Nasdaq: 2024-12-10 04:40:00

Summary:
Investors can find great stocks by following billionaires like Chase Coleman, Andreas Halvorsen, and Bill Ackman. They focus on long-term investments and have been buying stocks from the Dow Jones Industrial Average. Amazon, Sherwin-Williams, and Nike are among their top picks, with potential for solid returns in the future.

Chase Coleman’s Tiger Global Management has been holding Amazon stock for over five years, with a focus on the company’s cloud services business and potential in cloud computing and AI services. Despite slower e-commerce growth, Amazon’s competitive prices and expansion into essentials like health and beauty products position it well for long-term success.

Sherwin-Williams, a favorite of Andreas Halvorsen and Chase Coleman, has a strong track record of delivering returns to shareholders. The company’s focus on paint, coatings, and residential markets, combined with expectations of demand recovery, could lead to future growth and market share gains when real estate bounces back.

Bill Ackman’s Pershing Square Capital Management has invested in Nike, betting on the sportswear brand’s turnaround. Despite recent sales challenges, Nike’s refocus on sports and new CEO could drive future growth. With a low price-to-sales ratio and potential for brand revitalization, Nike may offer significant gains in the future.



Read more at Nasdaq: 3 Dow Jones Stocks Billionaires Were Piling Into This Year