Top 8 Stocks To Buy In 8 Different Sectors for the Next 3 Months

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1. Amazon.com, Inc. (NASDAQ:AMZN)  

Number of Hedge Fund Holders: 286  

Sector: Consumer Cyclical 

Amazon.com, Inc. (NASDAQ:AMZN) is a global e-commerce and technology company, through Amazon Web Services (AWS). The company has transformed the retail industry and continues to broaden its influence through innovative technology and logistics. The company offers convenience, fast delivery, and an extensive product range.

On October 31, Amazon.com, Inc. (NASDAQ:AMZN) released its financial results for the third quarter ending September 30. The company reported net sales of $158.9 billion, reflecting an 11% year-over-year increase, and a remarkable $15.3 billion in net profit, a 54.54% rise compared to the third quarter of 2023.

Amazon.com, Inc. (NASDAQ:AMZN) has announced a significant investment in its Delivery Service Partner (DSP) program. In North America, the company is investing $2.1 billion, whereas in Japan, Amazon.com, Inc. (NASDAQ:AMZN) is making an investment of $161.95 million to support last-mile delivery innovation, safety, and technology for drivers.

Amazon.com, Inc.’s (NASDAQ:AMZN) pharmacy arm, Amazon Pharmacy, is accelerating its rollout of new pharmacies, aiming to offer fast and free delivery of prescription medications, by the end of 2025, nearly half of US customers are expected to be eligible for Same-Day Delivery of their prescription medications.

While we acknowledge the potential of Amazon.com, Inc. (NASDAQ:AMZN) to grow, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter timeframe. If you are looking for an AI stock that is more promising than AMZN but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

READ NEXT: 8 Best Wide Moat Stocks to Buy Now and 30 Most Important AI Stocks According to BlackRock

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