Billionaire Louis Bacon’s Top 10 Long-Term Stock Picks

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

Number of Hedge Fund Holders: 286  

Moore Global Investments’ Stake: $36.9 million  

Amazon.com, Inc. (NASDAQ:AMZN) engages in the retail sale of consumer products, advertising, and subscriptions service through online and physical stores in North America and internationally. The following are the key factors that make this company a top choice for investors. Firstly, increasing net sales along with operating income increase, as depicted in the report for the third quarter of 2024, paints an appealing picture for investors. As per the reports, net sales increased 11% to $158.9 billion in the third quarter, compared with $143.1 billion in the third quarter of 2023, and operating income increased to $17.4 billion in the third quarter, compared with $11.2 billion in the third quarter 2023. Secondly, the company has opened a walk-in center in Cape Town, South Africa, to help sellers reach their target market and grow their businesses. Furthermore, Amazon co-founded The Climate Pledge in 2019 to achieve net-zero carbon emissions by 2040. For this reason, they are expanding the use of zero-emission transportation such as electric delivery vans, cargo e-bikes, and on-foot deliveries, and engaging in industry initiatives to remove carbon emissions from transportation systems like ocean shipping, aviation, and trucking that may attract investors who are seeking to invest in companies with sustainable development approach.

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