5 Best Magic Formula Stocks To Buy Now

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

Amazon is the second biggest stake of Gotham Asset Management, as of the end of the third quarter. After selling 11% of its hold in the ecommerce company in the quarter, the hedge fund now owns 19,013 AMZN shares, which have a total value of $59.87 million.

The COVID-19 pandemic proved to be a huge catalyst for Amazon as people started restricting their movement and buying groceries online. Year to date, Amazon shares have gained a whopping 69%.

With over 1.6 trillion market cap, Amazon growth seems to have no end. In the third quarter, the company posted an EPS of 12.37, versus $7.41 per share expected. Revenue in the quarter came in at $96.15 billion, above the Street’s forecast of $92.7 billion.

Amazon.com (NASDAQ:AMZN), The Washington Post (NYSE:WPO), Berkshire Hathaway Inc. (NYSE:BRK.A), Apple Inc. (NASDAQ:AAPL)