5 Best Hot Stocks To Buy Right Now

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

Number of Hedge Fund Holders: 271

Amazon.com, Inc. (NASDAQ:AMZN) tops our list of the best hot stocks to buy right now. A Washington-based multinational e-commerce company that is involved in the cloud computing, artificial intelligence, and digital streaming sectors, Amazon.com, Inc. (NASDAQ:AMZN) is one of the largest companies in the U.S. technology sector.

Of the 924 elite hedge funds tracked by Insider Monkey, 279 hedge funds reported owning stakes in Amazon.com, Inc. (NASDAQ:AMZN) at the end of the December quarter, up from 242 in the previous quarter. The total value of these stakes is over $49.1 billion. Ken Fisher of Fisher Asset Management is among the leading shareholders in the company, with 2.2 million shares worth $7.2 billion.

On November 17, Goldman Sachs analyst Eric Sheridan kept a Buy rating alongside a $4,100 price target on the shares of Amazon.com, Inc. (NASDAQ:AMZN). The analyst names the e-commerce company as his top pick for 2022.

Polen Capital mentioned Amazon.com, Inc. (NASDAQ:AMZN) in its Q3 2021 investor letter. Here is what the firm has to say:

Amazon has also lagged as its revenue growth is slowing on the very difficult comparisons from last year when this behemoth was growing revenue by over 40%. We still expect exceptional long-term growth and significant margin expansion as the fastest growing (and now large) segments of Amazon are also generating the highest margins.”

You can also take a look at 10 Best Stocks to Buy With 50+ Years of Dividend Increases and What are the Best Stocks to Buy Right Now?

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