Published on 8 Apr 2024 on Insider Monkey via Yahoo Finance
13 Best Penny Stocks to Buy According to Billionaire Ken Griffin
In this article, we will take a look at the 13 best penny stocks to buy according to billionaire Ken Griffin. To see more such companies, go directly to 5 Best Penny Stocks to Buy According to Billionaire Ken Griffin.
The markets were off to an impressive start in 2024, driven by expectations that the US Federal Reserve will embark on interest rate cuts. However, data is now showing that inflation remains sticky and the labor market tight, causing new concerns regarding the Fed's possible path towards rate cuts. In this environment it makes sense to look towards masters of the money game.
Ken Griffin is one of the hedge fund managers well-positioned to benefit from the ever-evolving financial landscape. The mastermind behind Citadel Investment Group, which he founded in 1990 with $4.2 million, continues to experience a surge in success. The legendary investor set a record with a remarkable return of 153% in 2022 as he got everything right with his strategic bets on inflation and interest rates.