Michael Burry’s Latest Warning on Bullwhip Effect and 5 Retail Stocks to Watch

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

Number of Hedge Fund Holders: 271     

Amazon.com, Inc. (NASDAQ:AMZN) is a diversified technology firm with core interests in e-commerce. On June 14, the company announced that it would begin the delivery of orders through the much-awaited PrimeAir drones later this year. Only three firms in the US presently have certification for drone deliveries. Per Amazon, the service will initially only be available in Lockeford, in California. Google and Walmart are the other two firms that are planning to compete with Amazon in this space. 

On June 29, JPMorgan analyst Doug Anmuth maintained an Overweight rating on Amazon.com, Inc. (NASDAQ:AMZN) stock and lowered the price target to $175 from $200, identifying “macro pressures, currency moves and company-specific dynamics” as some of the reasons behind the target decrease. 

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 million shares worth more than $13 billion. 

In its Q1 2022 investor letter, Weitz Investment Management, an asset management firm, highlighted a few stocks and Amazon.com, Inc. (NASDAQ:AMZN) was one of them. Here is what the fund said: 

“Amazon.com, Inc. (NASDAQ:AMZN) stock was down modestly in the quarter, but opportunistic purchases helped the position contribute positively to the Fund. Our index short positions against ETFs tracking market indexes provided helpful ballast during the first quarter drawdown but were otherwise detractors for the fiscal year. During the quarter, we covered roughly 20% of our S&P 500 short and 50% of our Nasdaq 100 short at progressively lower prices. Among our long equities, we added materially to high-conviction holdings Amazon.com, Inc. (NASDAQ:AMZN).”

You can also take a peek at 10 Russell 2000 Basic Materials Dividend Stocks to Buy and 10 Utilities Stocks with Over 3% Dividend Yield.

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