Jim Cramer’s 2024 Portfolio: 5 Latest Stock Picks

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1. Amazon.com Inc (NASDAQ:AMZN)

Number of Hedge Fund Investors: 293

In his “Mad Dash” segment on CNBC last month, Cramer said that Amazon.com Inc (NASDAQ:AMZN) does not have any strong competitor. When asked about the competition AWS is getting from other companies, Cramer said Amazon.com Inc (NASDAQ:AMZN) has the “least expensive” and “most robust” Cloud offerings.

Here’s what Cramer tweeted on February 21 about Amazon.com Inc (NASDAQ:AMZN):

“Amazon in, Walgreens out; worst Dow stock EVER. But not a lot of money indexed to Dow so don’t go crazy.”

NZS Capital stated the following regarding Amazon.com, Inc. (NASDAQ:AMZN) in its fourth quarter 2023 investor letter:

“IT remains an important area, however, and we made some adjustments. We sold Amazon.com, Inc. (NASDAQ:AMZN), which had been a large position, to focus on more favorable stocks with similar opportunities. Shopify can thrive in e-commerce while Microsoft’s cloud offering is encroaching on Amazon’s opportunity.”

Insider Monkey focuses on uncovering the best investment ideas of hedge funds and insiders. Please subscribe to our free daily e-newsletter to get the latest investment ideas from hedge funds’ investor letters by entering your email address below. You can also look at the Jim Cramer’s 11 Latest Stock Picks and the Jim Cramer Says You Should Stay Away from These 10 Stocks.

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