5 Best Cheap Stocks to Buy Now for Long Term

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

Number of Hedge Fund Holders: 269

Although it is already a huge company, Amazon.com, Inc. (NASDAQ:AMZN) still has earnings growth potential given its leading position in cloud computing and the expected growth rate of the cloud industry in the future. If Amazon.com, Inc. (NASDAQ:AMZN) can maintain its market share in the giant market, the company’s current valuation could prove fairly cheap in the long term.

269 hedge funds in our database owned shares of Amazon.com, Inc. (NASDAQ:AMZN) at the end of Q3, ranking the company as one of the most popular stocks among elite institutions at the end of September.