5 Safe Stocks To Invest in For The Long Term in 2022

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

Number of Hedge Fund Holders: 279

Amazon.com, Inc. (NASDAQ:AMZN) ranks first on our list of safe stocks to buy and hold long-term in 2022. Deutsche Bank analyst Lee Horowitz in March initiated coverage of Amazon.com, Inc. (NASDAQ:AMZN) with a ‘Buy’ rating and a price target of $4,100. He believes the market does not fully appreciate the upside associated with the firm’s retail revenue and Amazon Web Services, and sees a “highly compelling” risk/reward at current levels. The online retail giant recently closed an $8.5 billion deal to purchase film studios MGM, which will add more than 4,000 film titles to Amazon’s Prime Video streaming service.

Investor confidence is up on Amazon.com, Inc. (NASDAQ:AMZN). In the fourth quarter, 279 hedge funds were long on the company shares, as compared to 242 hedge funds a quarter ago. Fisher Asset Management held 2.16 million shares of Amazon valued at $7.22 billion, making it the top shareholder of the firm in Q4 2021.

Amazon.com, Inc. (NASDAQ:AMZN) posted an EPS of $27.75 in the fourth quarter, beating analysts’ estimates by $24.09. Quarterly revenue stood at $137.41 billion, signalling a jump of 9.44% year-over-year but falling below consensus estimates by $173.16 million.

Here is what Davis Funds, an investment firm, had to say about Amazon.com, Inc. (NASDAQ:AMZN) in its Q4 2021 investor letter:

“Within the traditional growth category, growing euphoria has led to bubble prices for many companies, most especially those with new and unproven business models such as those discussed above. In contrast, our research focuses on a select handful of proven growth stalwarts whose shares still trade at reasonable valuations. For example, because of concerns about future litigation and regulation, several dominant internet businesses, including Amazon, trade at steep discounts to many unproven and unprofitable growth darlings that, in our view, trade at euphoric prices. While we expect a continued barrage of negative headlines around the company, as well as increased regulation in the years ahead, we do not expect a significant decline in its long-term profitability.”

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