Billionaire Chris Rokos’ Top 5 Stock Picks

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

Shares of Amazon (NASDAQ: AMZN) have also been struggling since the beginning of this year amid concerns that economic reopening will reduce demand for online products. It is the largest stock holding in the list of billionaire Chris Rokos’ top 10 stock picks.

Mairs & Power, an investment management firm, stated in a Q4 investors’ letter that Amazon’s rising margins and advertising business are among the catalysts. Here is what Mairs & Power stated:

“We did acquire AMZN in the fourth quarter. But not owning it till then cost the Fund in performance relative to the S&P 500 TR Index. We had held off taking a position in Amazon largely due to concerns about the company’s slim margins. But in 2020, we saw its core margins nearly double as more consumers shopped online, which in turn led to greater utilization and route density within Amazon’s delivery network. In addition, Amazon’s advertising business, which represents a small portion of its overall sales, has been growing quickly. Advertising could become the third leg of growth for the company along with e-commerce and Amazon Web Services. In short, Amazon checks all of our boxes — it has a strong management team, great growth prospects, and a strong competitive advantage. And last year, we initiated our position at an intriguing valuation.”

You can also take a peek at Billionaire Lee Ainslie’s Top 10 Stock Picks and Billionaire Nelson Peltz’s Top 8 Stock Picks.

Follow Insider Monkey on Twitter