We are going to check out Insider Monkey’s article on the 10 Best Tech Stocks to buy According to Billionaire Ken Griffin. After recovering from their March pummelling, technology stocks are back in business. A decline in bond yields has helped boost investor confidence in the sector. The rapid rise of tech stocks is largely due to their products and services. According to Peter Thiel, one of the biggest advantages software companies have is their ability to operate with minimal costs and still maintain explosive margins. For example, if Facebook wanted to buy Instagram, it only had 13 employees and 30 million users.
Ken Griffin, known as a stock-picking genius, is the founder of Citadel Investment Group, which is one of the largest multi-strategy firms in the world. Since March 2017, Insider Monkey’s newsletter has identified a group of hedge funds that have outperformed the S&P 500 by more than 124 percentage points. These stocks are included in Griffin’s tech picks, which are worth a look for anyone looking to invest in growth and tech stocks. According to Ken Griffin, one of the best stocks to buy is Visa. As of the fourth quarter, 166 hedge funds held stakes in Visa Inc. According to Insider Monkey’s database, Companies featured by Ken Griffin include Fisher Asset Management, led by Ken Fisher, Activision Blizzard, which is the creator of popular games such as Call of Duty Mobile, Adobe, one of the tech stocks that Ken Griffin has identified as his favourite. The company’s first-quarter revenue jumped 27% year-over-year, beating the Street estimates. For the second quarter, it is expected to report sales of $3.82 billion, which is higher than the consensus of $3.8 billion.
According to Ken Griffin, Apple is one of the best stocks to buy right now. The stock has gained significantly in the last 12 months, largely due to the aggressive diversification strategy that helped it weather the iPhone sales decline. For more detailed information on this interesting article, please read 10 Best Tech Stocks to Buy According to Billionaire Ken Griffin.