Well-Known Investor Buys More AMZN, UBER, Starts Position in RKT

Prominent investor Josh Brown, the co-founder of Ritholtz Wealth Management, recently told CNBC why he decided to add to his positions in Amazon (AMZN) and Uber (UBER).

Brown also explained his rationale for buying shares of mortgage provider Rocket Companies (RKT) for the first time.

A customer entering an internet retail store, illustrating the convenience of online shopping.

Why Brown Added to His AMZN, UBER Holdings

Describing both AMZN and UBER as among his “core positions,” Brown stated that both firms “will be standing at the end of the trade war.” He believes that “buying Amazon after a 30% (decline) seems smart if you’re planning to be a long-term shareholder” of the company.

As far as Uber is concerned, Brown thinks that the company is worth $100 per share, well above the $67.50 level at which it’s currently trading.

RKT Is Well-Positioned for Rate Cuts, Brown Says

Noting that CNBC recently reported that the Fed could cut rates five times this year, Brown believes that RKT is “uniquely positioned” to benefit from such a development. That’s because, according to Brown, a significant number of rate cuts will produce “a refi boom,” and RKT has taken steps that will enable it to get a big lift from the latter phenomenon.

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Disclosure: The author owns shares of AMZN but has no intention of selling them in the next 48 hours. This article is originally published at Insider Monkey.