Nasdaq Sell-Off: 3 Stocks to Buy That Billionaire Money Managers Also Love

Core Viewpoint - The recent sell-off in the Nasdaq Composite has created attractive investment opportunities, particularly in stocks favored by prominent billionaire asset managers [2][4]. Group 1: Nasdaq Composite and Market Trends - The S&P 500 and Nasdaq Composite recently entered correction territory, defined as a decline of at least 10% from a closing high, with the Nasdaq dropping by 11.5% since February 19 [2]. - Historical trends indicate that significant downturns in major indexes are often short-lived, presenting opportunities for long-term investors [3]. Group 2: Amazon - Amazon's stock has fallen by as much as 20% since reaching an all-time high in early February, making it an attractive buy [5]. - As of December 31, 2024, Amazon Web Services (AWS) holds a 33% share of the global cloud infrastructure service market, generating over $115 billion in annual run-rate revenue [7]. - Investors can currently acquire Amazon stock for less than 12 times the forecast cash flow in 2026, compared to a median of 30 times in the past [8]. Group 3: Sirius XM Holdings - Sirius XM's shares have decreased by 45% over the past year, presenting a buying opportunity [9]. - Warren Buffett holds a 35.4% stake in Sirius XM, totaling 119,776,692 shares, highlighting the company's competitive advantages [11]. - Sirius XM generates only 20% of its net sales from advertising, with over three-quarters coming from subscriptions, providing more stable cash flow compared to traditional radio operators [14]. Group 4: Meta Platforms - Meta Platforms' stock has also declined by as much as 20% from its recent all-time high, making it a favored investment among billionaires [16]. - Meta's social media platforms attract an average of 3.35 billion daily active users, making it a prime target for advertisers [17]. - The stock is valued at a forward P/E of 21, with strong potential for sustained double-digit sales growth [19].