5 Stocks Jim Cramer and Billionaire Ken Fisher Have in Common

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

Number of Hedge Fund Holders: 271

CNBC’s Jim Cramer recommends investors buy and hold Amzon.com Inc. (NASDAQ: AMZN) shares, which is also the third-largest stock holding of Fisher Asset Management portfolio. Cramer applauds Amazon’s pricing power. Following a depressing performance in the first quarter, Amazon’s stock price bounced back during the second quarter.

In the second quarter investor letter, Nelson Capital Management, an investment management firm, commented on a few stocks including Amazon. Here is what Nelson Capital Management stated:

“In the consumer discretionary sector, we trimmed pandemic winners in favor of companies we believe will outperform in a recovery period. We reduced our position in Amazon following its stellar performance through the pandemic. Though we believe online shopping is here to stay, we think some portion of consumer wallet share will transition to services and experiences.”