Reported 3 days ago
Bill Gates is making headlines with his latest investment decisions, moving away from tech and placing a $2 million bet on two transportation stocks: Paccar and FedEx. Despite a challenging 2024 for the S&P 500 Transportation Index, Gates believes these companies are positioned for recovery in 2025. He acquired one million shares of Paccar at approximately $100 each, betting on long-term growth in the heavy-duty truck market, and another million FedEx shares at an average price of $273, anticipating the company's internal restructuring will yield positive results as the economy rebounds.
Source: YAHOO