5 Best Low-Risk Stocks to Buy Right Now

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1. Amazon.com Inc (NASDAQ:AMZN)

No of HFs: 245

Total Value of HF Holdings: $43.7 Billion

AMZN lost 12.3% in March 2020 and ranks 1st on our list of best low-risk stocks to buy right now. The top hedge fund holder of this stock is Ken Griffin’s Citadel Investment Group which had $18.9 Billion invested in the stock at the end of September. An insider recently purchased 1 share at around $3,212 in October 2020. The stock is down 3% since then. L1 Capital International Fund mentioned AMZN in its Q3 2020 investor letter:

“Several investments in the technology sector were trimmed on valuation grounds with the proceeds used to increase our investment in Amazon. Amazon’s successful flywheel business model and Amazon Web Services are well known. However, we believe the current share price under‑appreciates:

– The consistency and longevity of Amazon’s growth potential in its key businesses;

– The importance of additional revenue streams such as advertising which are high margin and growing rapidly; and

– The strengthening barriers to competition and competitive advantages arising from Amazon’s stepped‑up investment in logistics and other infrastructure.”

Pixabay/ Public Domain

Aso see 15 Best Beaten Down Stocks to Buy Now and 15 Best Undervalued Stocks to Buy Now

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