5 Best Diversified Stocks To Invest In

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

Number of Hedge Fund Holders: 293

Amazon.com, Inc. (NASDAQ:AMZN) is an American multinational conglomerate that specializes in e-commerce, cloud computing, digital streaming, artificial intelligence. Amazon.com, Inc. (NASDAQ:AMZN) started off as an online bookstore in 1994 by Jeff Bezos as its founder and later the company expanded into diverse business units. It is also planning to release 69 new shows, comprising of series and movies, on its Prime Video streaming service in India.

The Q4 results of 2023 indicated a 14% increase in net sales compared to $149.2 billion in Q4 of 2022, operating income rose to $13.2 billion in Q4 up from $2.7 billion in the same quarter of the last year. Net income for Q4 was $1 per diluted share, up from $0.03 a year earlier.

Amazon.com, Inc. (NASDAQ:AMZN) is the best diversified stock owing to its varied revenue streams, global presence and market dominance. Most investors and analysts are lured by its constant commitment to innovation, long-term growth and resilience.

According to Insider Monkey’s database, Amazon.com, Inc. (NASDAQ:AMZN) was held by 293 hedge fund portfolios from 933 best hedge funds in Q4 of 2023. Ken Fisher’s Fisher Asset Management has the largest stake in the company with 41.8 million shares having net worth of $6.35 billion.

Disclosure: None. You can also take a look at 13 Best Stocks To Buy and Hold Forever and The 10 Most Diversified Stocks That Hedge Funds Love.

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