Brad Gerstner is Talking About These 5 Stocks

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

Number of Hedge Fund Holders: 279   

Amazon.com, Inc. (NASDAQ:AMZN) is a technology firm with core interests in ecommerce. Gerstner highlighted the potential that Amazon stock offered for investors in the long-term by affirming that the “single biggest area of investing in the public and venture market is the shift of all enterprise workloads into the cloud”. Amazon Web Services is the biggest player in this space and stands to benefit the most from it. Gerstner claimed that the “massive acceleration” in this space “will not abate anytime soon”. 

On May 2, Citi analyst Christian Wetherbee maintained a Buy rating on Amazon.com, Inc. (NASDAQ:AMZN) stock with a price target of $240, noting that a UPS and Amazon partnership was “mutually beneficial” and something investors should be cheering for. 

Among the hedge funds being tracked by Insider Monkey, London-based investment firm Citadel Investment Group is a leading shareholder in Amazon.com, Inc. (NASDAQ:AMZN) with 4.1 million shares worth more than $13.9 billion. 

In its Q4 2021 investor letter, Davis Funds, an asset management firm, highlighted a few stocks and Amazon.com, Inc. (NASDAQ:AMZN) was one of them. Here is what the fund said: 

“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.com, Inc. (NASDAQ:AMZN), 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.”

You can also take a peek at 10 Stocks Reddit’s WallStreetBets is Buying in July 2021 and Top Robinhood Stocks Popular on Reddit.

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