With the holidays upon us, it will be the end of the year before we know it, and with less than four weeks left in the year, it seems safe to say that the growth-oriented Nasdaq, which is down nearly 28% year to date, will finish 2022 deep in the red. Here are two top Nasdaq stocks that billionaire money managers have been buying the dip on during the current market sell-off. It's hard to find an investor with a better track record than Bill Miller of Miller Value Partners.
T. Rowe Price told the newspaper that a merger of the two companies would probably undervalue News Corp, which it believes is trading for less than it is worth. T. Rowe Price owns about 17.88% of News Corp, according to Refinitiv data, and is the largest shareholder after the Murdoch family. Fox and News Corp declined to comment, while T. Rowe Price did not immediately respond to Reuters requests for comment.
The market downturn hasn't been kind to this asset manager's earnings results or share price.