5 Stocks That Will Skyrocket

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

Number of Hedge Fund Holders: 278

Analysts believe Amazon stock could double in the next 5 to 10 years because of its growth in AWS business and e-commerce business, along with other forays such as streaming and healthcare. Amazon recently posted third quarter results. EPS in the third quarter came in at $0.94 crushing estimates of $0.60. Revenue in the period jumped 12.6% year over year to $143.1 billion, beating estimates by $1.54 billion.

As of the end of the second quarter of 2023, 278 hedge funds tracked by Insider Monkey had stakes in the company.

White Falcon Capital Management made the following comment about Amazon.com, Inc. (NASDAQ:AMZN) in its Q3 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.”

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