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2 Growth Stocks Billionaires Can't Stop Buying in a Bear Market

2 Growth Stocks Billionaires Can't Stop Buying in a Bear Market

The looming possibility of a recession sent the S&P 500 and Nasdaq Composite spiraling into a bear market this year. For instance, Israel Englander of Millennium Management nearly tripled his stake in Zscaler (NASDAQ: ZS) in the third quarter, and his position has increased more than tenfold since the beginning of the year. Similarly, Steve Cohen of Point72 Asset Management nearly tripled his position in Elastic (NYSE: ESTC) since the first quarter.