10 Best Stocks to Buy for the Next 3 Months

1. Amazon.com, Inc. (NASDAQ:AMZN)

No. of Hedge Fund Holders: 339

Upside Potential: 35.02%

Amazon.com, Inc. (NASDAQ:AMZN) is a global retail and technology conglomerate operating throughout North America, International, and Amazon Web Services (AWS) segments. The company is a dominant market share holder in e-commerce and cloud services. Its services include consumer product sales, advertising, and subscription services via online and physical stores. The company’s brands include Kindle, Echo, AWS, Amazon Prime, and the Washington Post.

During the company’s Q4 2024 earnings conference call, Amazon.com, Inc. (NASDAQ:AMZN) announced revenue of $187.79 billion, up $187.79 billion (up 10.49% YoY), beating analyst estimates by $563.26 million. EPS was reported at $1.86, exceeding expectations by $0.38. Meanwhile, operating income was $21.2 billion (61.6% increase YoY). Speaking during the conference call, company CEO Andy Jassy highlighted customer loyalty in Amazon’s popular discount pricing strategies. He had this to say:

“Customers continue to want Amazon to be the place they rely on for sharp pricing. In the fourth quarter, consumers saved more than $15 billion with our low everyday prices and record-setting events during Prime big deal days in October and Black Friday and Cyber Monday around Thanksgiving. Additionally, for Federal’s annual pricing study found that entering the holiday season, Amazon had the lowest online prices for the eighth year in a row, averaging 14% lower prices on average than other leading retailers in the US.”

Overall, Amazon.com, Inc. (NASDAQ:AMZN) ranks first on our list of the best stocks to buy over the next 3 months. While we acknowledge the potential for AMZN as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than AMZN but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.

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