5 Best Blue Chip Stocks With Strong Balance Sheets

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

Number of Hedge Fund Holders: 252

Given e-commerce is a capital intensive business, Amazon.com, Inc. (NASDAQ:AMZN) doesn’t have as much cash on its balance sheet as Alphabet does. As of September 30, 2022, Amazon.com, Inc. (NASDAQ:AMZN) had cash and cash equivalents of $34.95 billion and marketable securities of $23.72 billion. While it doesn’t have as much cash on its balance sheet, Amazon.com, Inc. (NASDAQ:AMZN) nevertheless has a strong balance sheet given its earnings power.