Billionaire David Tepper Doubled His Stake In This Unstoppable Growth Stock
Though some might think recent market volatility warrants staying away from equities for a while, plenty of investors disagree, including some famous names on Wall Street. Take David Tepper, billionaire founder and CEO of Appaloosa Management, a hedge fund.The successful money manager and his team decreased or closed their positions in several stocks during the first quarter. However, Tepper also made some notable buy decisions, including for Uber Technologies (NYSE: UBER). The hedge fund more than doubled its stake in the ride-hailing leader during the first period.Should investors follow Tepper's lead?Continue reading
Though some might think recent market volatility warrants staying away from equities for a while, plenty of investors disagree, including some famous names on Wall Street. Take David Tepper, billionaire founder and CEO of Appaloosa Management, a hedge fund.
The successful money manager and his team decreased or closed their positions in several stocks during the first quarter. However, Tepper also made some notable buy decisions, including for Uber Technologies (NYSE: UBER). The hedge fund more than doubled its stake in the ride-hailing leader during the first period.
Should investors follow Tepper's lead?
