5 Best Growth Stocks to Buy According to Marc Majzner’s Clearline Capital

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

Stake Value in Clearline Capital’s 13F Portfolio: $25.82 million

Percentage of Clearline Capital portfolio: 3.33%

Number of Hedge Funds: 252

Headquartered in Washington, Amazon.com, Inc. (NASDAQ:AMZN) operates globally in the retail and Cloud markets. It is amongst the top growth stocks in Marc Majzner’s Clearline Capital portfolio, with a position worth $25.82 million.

Amazon.com, Inc. (NASDAQ:AMZN) is all set to generate profits this holiday season. In October the company announced that it is employing 150,000 people nationwide in full-time, seasonal, and part-time positions to ensure smooth and quality operations during the holiday season. In October 2022, Morgan Stanley analyst Ravi Shanker kept an Underweight rating on the shares.

Diamond Hill Capital Management, an investment advisor, mentioned Amazon.com, Inc. (NASDAQ:AMZN) in its second quarter 2022 investor letter. Here’s what the firm said:

Amazon.com, Inc. (NASDAQ:AMZN)’s shares underperformed as valuations of fast-growing companies continued to compress in Q2. Amazon’s growth investments over the past two years have pressured earnings as consumer demand has been weaker than anticipated. However, we believe the company will be able to grow into its infrastructure investments over time. These investments have obscured the magnitude of sustainable free cash flow as well as the attractive valuation of the business relative to peers.