Billionaires are buying up Amazon stock, highlighting long-term potential for investors

From Barchart: 2024-10-17 04:35:00

Wall Street billionaires are required to file quarterly 13F filings to maintain transparency on their trades, offering clues to individual investors. Recently, some billionaires scooped up shares of Amazon (AMZN), like Ken Fisher and Ray Dalio, despite the stock trading at a consistent price. This highlights Amazon’s long-term potential for all investors.

Amazon currently leads in e-commerce and cloud computing, with significant growth prospects in both areas. The company’s core businesses align with long-term trends, such as e-commerce’s 16% share of U.S. retail and increasing cloud computing adoption. Amazon’s advertising segment is also seeing rapid growth, making it a strong buy opportunity.

Amazon’s stock valuation is attractive, with a price-to-operating-cash-flow ratio near a decade-low point. This indicates that now is a good time to buy Amazon stock, given the company’s history of wisely investing cash flow. Amazon is a great business trading at a great price, offering a potentially lucrative opportunity for investors.

If you’ve ever felt like you missed the opportunity to invest in successful stocks, now may be your chance. Expert analysts occasionally issue “Double Down” stock recommendations for companies about to rise. Amazon, Apple, and Netflix all provided significant returns after “Double Down” recommendations. Currently, three incredible “Double Down” stock alerts are being issued, offering a unique investment opportunity.



Read more at Barchart: Billionaires Are Buying Up This Millionaire-Maker Stock