Netflix (NASDAQ: NFLX) stock crashed more than 40% in January.
Billionaire hedge fund manager Bill Ackman responded by gobbling up 3.1 million shares.
The total investment: $1.1 billion.
Is he also buying up next generation MACE stocks in January? His 13-F filings with the SEC may soon reveal a sizable stake.
You could wait until May for the filings to be released. Or you can…
Netflix recently reported its quarterly earnings.
The actual financial results were in-line with expectations.
However, Netflix’s financial outlook showed less growth than desired.
The company says it’ll add 2.5 million subscribers in the first quarter of this year. That comes up short of Wall Street’s expectation for 4 million new subscribers.
Investors responded by selling the stock – sending the price plunging.
That type of drop caught the attention of Bill Ackman.
Ackman is one of Wall Street’s best-known hedge fund managers. And he’s worth around $3.3 billion according to Forbes Magazine.
He’s known as a top value investor. And he has a history of scooping up stocks after a big selloff.
Here’s what he wrote regarding Netflix in the January investor letter…
“Many of our best investments have emerged when other investors…discard great companies at prices that look extraordinarily attractive.”
Right now, there’s a rotation in the market.
The big FAANG stocks are under pressure. And many of the big tech winners from 2020 and 2021 are seeing sizable losses.
Out with the old. In with the new.
That’s why I’m re-positioning my portfolio with a select group of MACE stocks.
These are the next generation of tech stock winners.
These stocks could be like buying Netflix in 2010 or Tesla Motors (NASDA: TSLA) in 2011 – which I did in my real-money portfolio.
You may not be familiar with MACE stocks.
However, I’d be willing to bet that these stocks are “the next FAANG stocks.” And that’s why I’m personally planning to invest over $100,000 in these stocks in the coming weeks.
Yours in Wealth,