5 Best Retail Stocks for 2021

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

Number of Hedge Fund Holders: 243

Amazon.com, Inc. (NASDAQ: AMZN) is a retail giant engaged in selling consumer products and subscriptions in North America and internationally. The company ranks 1st on our list of the best retail stocks for 2021.

On June 22nd, the Wall Street Journal reported that Amazon.com, Inc.’s (NASDAQ: AMZN)’s acquisition of MGM would be reviewed by the FTC. The acquisition will be worth $8.45 billion if it goes through and will bring more content under Amazon’s wing, including the James Bond franchise, according to WSJ. In the first quarter of 2021, the company’s EPS was valued at $15.79 versus estimates of $9.64, and its revenue came in at $108.52 billion, representing a 43.82% growth year over year. Amazon.com, Inc. (NASDAQ: AMZN) has a gross profit margin of 40.48% and has gained 9.87% in the past 6 months and 9.82% year to date as well.

By the end of the first quarter of 2021, 243 hedge funds out of the 866 tracked by Insider Monkey held stakes in Amazon.com, Inc. (NASDAQ: AMZN), worth roughly $50.4 billion. This is compared to the previous quarter’s 273 hedge fund holders with a total stake value of roughly $51.5 billion.

You can also look at 10 Best Fashion and Apparel Stock to Invest In and 10 Best Retail Stocks To Buy Now.

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