5 Popular Stocks to Buy Right Now

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

Number of Hedge Fund Holders: 243

Topping the list of the 10 popular stocks to buy right now is Amazon.com, Inc. (NASDAQ: AMZN). The Washington-based technology giant engages in e-commerce, cloud computing, digital streaming, and artificial intelligence. Amazon.com, Inc. (NASDAQ: AMZN) is one of the popular stocks to buy right now, with over 100 million subscribers.

Earlier this year, Amazon.com, Inc. (NASDAQ: AMZN) acquired TV company MGM Studios Inc. in an $8.45 billion deal. The acquisition will help boost Amazon’s Prime Video program.

Despite massive returns, the stock still has a lot of room to run, according to market analysts.

On August 2, Stifel analyst kept Amazon.com, Inc’s. (NASDAQ: AMZN) $4,400 price target and Buy rating on the stock, highlighting that Amazon has passed through the difficult transition period and believes the setting is appealing as the stock is “on the other side of the COVID comp reset.”

The company has a market cap of $1.68 trillion. In the second quarter of 2021, Amazon.com, Inc. (NASDAQ: AMZN) had an EPS of $15.12, beating estimates by $2.9. In the second quarter, the company’s revenue came in at $113.1 billion, beating the consensus of $115.07 billion. Shares of Amazon.com, Inc. (NASDAQ: AMZN) rose 2.17% year to date.

At the end of the first quarter of 2021, 243 hedge funds in the database of Insider Monkey held stakes worth $50.42 billion in Amazon.com, Inc. (NASDAQ: AMZN).

LongRiver Investments mentioned Amazon.com, Inc. (NASDAQ: AMZN) in its Q2 2021 investor letter. Here is what the fund said:

“There are a few new learning positions too, as I described I would make in my previous letter. I’ve written on my blog about Amazon (here) if you’d like to learn about their specific investment cases.

Amazon Unbound: Jeff Bezos and the Invention of a Global Empire‘ is author Brad Stone’s follow up to his 2013 book, ‘The Everything Store: Jeff Bezos and the Age of Amazon‘. If the first book was Amazon’s origin story, this second is a recounting of the wide array of bets the company placed over the last decade; where its ambitions put it into conflict with its ideals; where its size has brought it uncomfortably into the public eye; and Bezos’ own personal journey from outsider to collosus. This is a great book if you want to learn about the history of products and services which have come to define Amazon-like Alexa, Prime Video and Amazon Go; as well as the company’s ongoing efforts in eCommerce and logistics; and its hopes to dominate in emerging markets like India, Brazil and Mexico…” (Click here to see the full text)

You can also take a peek at the 10 Best Finance Stocks that Pay Dividends and 10 Best Low Float Stocks to Buy Now.

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