5 Best Long-term Growth Stocks for Strong Returns

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

Number of Hedge Fund Holders: 240

Amazon.com, Inc. (NASDAQ:AMZN) is a tech giant that benefits from the secular growth in AI processing which could increase demand for its cloud services. The company could also benefit from the secular growth in e-commerce as incomes rise further and as technology advances so delivery is faster and cheaper. In the future, Amazon.com, Inc. (NASDAQ:AMZN) is planning to expand in groceries and also increase the number of its physical stores so it offers consumers an even better experience. Amazon.com, Inc. (NASDAQ:AMZN) trades for a forward P/E of 36.77 as of March 9, indicating the market expects fairly substantial earnings growth in the future even if the company might have near term headwinds if the economy slows.