5 Best Fundamental Stocks To Buy

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

Number of Hedge Fund Holders: 252

Amazon.com, Inc. (NASDAQ:AMZN) is a leading e-commerce and cloud company. Given the decline in the broader market, Amazon.com, Inc. (NASDAQ:AMZN) shares are down 31.3% and trade for a forward P/E ratio of 50. Despite the high valuation, the stock ranks among our best fundamental stocks to buy given Amazon.com, Inc. (NASDAQ:AMZN)’s expected earnings growth in the future and its leading market share in e-commerce and the cloud. On 10/6/22 Amazon.com, Inc. (NASDAQ:AMZN) also announced it is hiring 150,000 employees througout the U.S. for the holidays.

252 hedge funds in our database were long Amazon.com, Inc. (NASDAQ:AMZN) at the end of the second quarter. Among them, Fisher Asset Management owned over 48.6 million shares at the end of Q2.