Nasdaq Sell-Off: 3 Stocks to Buy That Billionaire Money Managers Also Love
Some of Wall Street's top bargains are stocks that prominent billionaire asset managers have flocked to.
News flash: stocks can go down just as easily as they can climb. Every now and then, investors are given a wake-up call that the stock market wouldn't be a "market" without the ability for equities to move in both directions.
Following a steady climb for Wall Street's major stock indexes, the broad-based S&P 500 (SNPINDEX: ^GSPC) and growth-oriented Nasdaq Composite (NASDAQINDEX: ^IXIC) both recently entered correction territory, which is defined as a decline of at least 10% from a closing high. Although the rally on Friday, March 14, pulled the S&P 500 out of official correction territory, the sell-off in the Nasdaq Composite is still firmly in place. Since Feb. 19, the Nasdaq has plunged by 11.5%, through the closing bell on March 14.
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