5 Best Retail Stocks To Buy Now

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

Number of Hedge Fund Holders: 278

Amazon.com, Inc. (NASDAQ:AMZN) is a big tech company operating in the broad-line retail industry. It is based in Seattle, Washington.

DA Davidson’s Tom Forte maintains a Buy rating and a $157 price target on Amazon.com, Inc. (NASDAQ:AMZN) as of October 27.

At the end of the second quarter, 278 hedge funds held stakes in Amazon.com, Inc. (NASDAQ:AMZN). Their total stake value was $34.9 billion.

This is what White Falcon Capital Management said about Amazon.com, Inc. (NASDAQ:AMZN) in its third-quarter 2023 investor letter:

“There are comparable narratives involving NU Holdings, Amazon.com, Inc. (NASDAQ:AMZN), and Teck Resources, to name a few holdings from the White Falcon portfolio. Amazon constructed its logistics network and cloud computing infrastructure using yesterday’s currency, but it is poised to capitalize on this network with the inflated dollars of tomorrow. In essence, we believe we hold wonderful businesses with growing revenue streams and potential for operating leverage – all at reasonable valuations.”

Follow Amazon Com Inc (NASDAQ:AMZN)

See also 12 Most Popular Retail Investor Stocks in 2023 and 10 Cheap Retail Stocks to Buy.

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