5 Best Stocks to Buy for 2021 According to Billionaire Stanley Druckenmiller

2. Amazon (NASDAQ: AMZN)

The world’s largest e-commerce giant Amazon (NASDAQ: AMZN) is among the biggest beneficiaries of the pandemic and users shift towards online platforms. It is the second-largest stock holding of the Stanley Druckenmiller family office portfolio. The firm currently holds 86,717 shares of Amazon valued at $273 million, accounting for 7.93% of the portfolio.

Shares of the largest e-commerce giant soared 80% this year, driven by robust growth in revenues. Amazon has generated $96 billion in the September quarter revenue, representing a growth of 37.3% year over year.

Moreover, the company expects fourth-quarter revenue to hit $121 billion. “We’re seeing more customers than ever shopping early for their holiday gifts, which is just one of the signs that this is going to be an unprecedented holiday season,” Jeff Bezos said.