5 Best High Volume Stocks To Buy Today

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

Number of Hedge Fund Holders: 269

Amazon.com, Inc. (NASDAQ:AMZN)’s average volume over the past three months is more than 80 million. It is one of the best high-volume stocks to buy. As of the end of the third quarter of 2022, 269 hedge funds had stakes in Amazon.com, Inc. (NASDAQ:AMZN). This was significantly up from 252 hedge funds in the previous quarter. This shows that the hedge fund sentiment around Amazon.com, Inc. (NASDAQ:AMZN) is positive.

Amazon.com, Inc. (NASDAQ:AMZN) recently posted mixed quarterly results. However, analysts are bullish on Amazon.com, Inc. (NASDAQ:AMZN)’s long-term growth prospects. Recently, Morgan Stanley analyst Brian Nowak said that the headwinds Amazon.com, Inc. (NASDAQ:AMZN) is facing are transitionary and “macro driven.” The analyst said that he does not see a change in “multi-year opportunity” around Amazon.com, Inc. (NASDAQ:AMZN) shares. He maintained an Outperform rating and retained the “top pick” status for Amazon.com, Inc. (NASDAQ:AMZN).

RGA Investment Advisors made the following comment about Amazon.com, Inc. (NASDAQ:AMZN) in its Q4 2022 investor letter:

“There is unfortunately one stubborn problem that cannot be solved with a resumption of growth: the average company which experienced the surge increased investment pace. Amazon.com, Inc. (NASDAQ:AMZN)’s CEO, Andy Jassy summed it up well:

You just look in 2020, our retail business grew 39% year-over-year, at a $245 billion annual run rate, which is unprecedented, and it forced us to make decisions in that time to spend a lot more money and to go much faster in building infrastructure than we ever imagined we would. We built a physical fulfillment center footprint over 25 years that we doubled in 24 months. We made that decision even though we knew we might be overbuilding….but we decided we were going to shade on the side of consumers and sellers.

From Amazon’s perspective, had they not made those investments and e-commerce share gains persisted, the company would have risked losing market share to others with the temerity to invest. The silver lining for a company like Amazon is although they did not immediately grow into the substantial investments, they likely will do so over the coming years. Time will be the necessary condition to ease these investments that today are pressuring the margins of so many companies, including some in our portfolios.”

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