5 Best Jim Cramer Stocks to Buy Now

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

Number of Hedge Fund Holders: 269

Jim Cramer has recommended Amazon.com, Inc. (NASDAQ:AMZN) in the past given the company’s strong Amazon Web Services cloud business which is still growing rapidly despite its large size. 269 hedge funds in our database also like the stock as they owned shares of Amazon.com, Inc. (NASDAQ:AMZN) at the end of the third quarter.

Diamond Hill Capital Management commented on Amazon.com, Inc. (NASDAQ:AMZN) in a Q2 2022 investor letter,

Amazon.com, Inc. (NASDAQ:AMZN)’s shares underperformed as valuations of fast-growing companies continued to compress in Q2. Amazon’s growth investments over the past two years have pressured earnings as consumer demand has been weaker than anticipated. However, we believe the company will be able to grow into its infrastructure investments over time. These investments have obscured the magnitude of sustainable free cash flow as well as the attractive valuation of the business relative to peers.