Categorized | Stock Trading Tips

Smart People on Wall Street Are Buying These 3 Stocks. Should You?

Wall Street

Following the moves of successful Wall Street investors won’t guarantee that you beat the market. But it’s not a bad idea to keep an eye on what some of the investing world’s most accomplished players are up to.

With that in mind, we asked three Motley Fool investors to weigh in on some stocks that have recently been purchased by big names on Wall Street. Read on to see whether they agree that Sempra Energy (NYSE: SRE), General Motors (NYSE: GM), and GameStop (NYSE: GME) are smart buys.

Looking to replicate their success

Matt DiLallo (Sempra Energy): Elliott Management and Bluescape Resources recently teamed up to take a 4.9% stake in utility Sempra Energy. Elliott has been around since 1977 and currently has $35 billion in assets under management and a strong track record of investing in the utility sector. Meanwhile, Bluescape started up in 2007 to invest in the energy sector. Its founder is the former CEO of utility TXU, which was the fifth-best-performing company in the S&P 500 during his tenure.

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