‘ Billionaires Eye These 10 Beaten Down Stocks for Potential Growth\n\nThe stock market has been on a rollercoaster ride in recent years, with 2022 and 2023 marking some of the worst performances since the 2008 recession. Despite the volatility, there are still some quality stocks that have caught the attention of billionaires. We will take a look at the top 10 beaten down stocks that billionaires are crazy about.\n\nInvestor sentiment in the United States markets has been on a bullish trend, with improvements in the macroeconomic environment and potential cuts in interest rates. This has led to six consecutive weeks of growth for major stock indices, with the S&P 500 and Nasdaq Composite hitting their highest levels since early 2022. \n\nOne factor that has contributed to the rise of certain stocks is the “Magnificent Seven” – Apple, Amazon, Alphabet, Meta Platforms, Microsoft, NVIDIA, and Tesla. These stocks have soared an average of 70% year-to-date, compared to a measly average of 6% for the rest of the S&P 500 constituents. On the other hand, just a year ago, some of these stocks showed some of the worst performances across the board.\n\n Their poor year-to-date performance, these stocks have caught the attention of billionaires. Meta Platforms, Inc. (NASDAQ:META), the parent company of Facebook, went down more than 64% in 2022, but has since seen a remarkable recovery. Similarly, Amazon.com, Inc. (NASDAQ:AMZN) and NVIDIA Corporation (NASDAQ:NVDA) went down nearly 50% each, but have also shown signs of improvement.\n\nTo compile our list of the beaten down stocks billionaires are crazy about, we first made a list of stocks with year-to-date performance worse than -20% and market capitalization of more than $2.0 billion. Then, we looked at the number of billionaires that owned their shares as of September 2023 through Insider Monkey’s database. The stocks with the most billionaire investors were selected and ranked based on the number of billionaires invested in each.\n\n Despite the volatility in the stock market, there are still some quality stocks that have caught the attention of billionaires.\n\n Natural gas exchange-traded funds have seen a surge in interest as investors look to take advantage of the recent decline in prices. A 70% drop in the past three months, investors are still showing confidence in the commodity, with two of the largest natural gas ETFs, BOIL and UNG, gaining 12.6% and 6.5% respectively. This comes after a year of high gas prices due to supply chain issues and increased demand, followed by a sharp decline as temperatures rose and demand dwindled. \n\nThe recent decline in gas prices has not deterred investors, with BOIL and UNG bringing in $1.7 billion in investor funds year to date. This could be attributed to a buy the dip mentality, as investors see potential for a rebound in the market. Natural gas prices are known for their volatility, making it a risky investment for passive investors. This is where exchange-traded funds like BOIL and UNG come in, offering traders the opportunity to participate in the market without the risk of wide price variance.\n\n The current slump in gas prices, experts believe that prices may rebound later this year due to summer cooling demand. \n\n Natural gas ETFs have seen a surge in interest from investors despite the recent decline in prices. This highlights the confidence investors have in the commodity and its potential for growth.’