5 Best Magic Formula Stocks to Buy Now

Page 1 of 5

In this article, we will take a look at the 5 best magic formula stocks to buy now. To see more such companies, go directly to 11 Best Magic Formula Stocks to Buy Now.

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

Joel Greenblatt’s Stake Value: $29.9 million

Amazon.com, Inc. (NASDAQ:AMZN) is one of the most popular stocks among the 943 hedge funds tracked by Insider Monkey. As of the end of the first quarter of 2023, 243 hedge funds in Insider Monkey’s database held stakes in Amazon.com, Inc. (NASDAQ:AMZN). The most notable stakeholder of Amazon.com, Inc. (NASDAQ:AMZN) during this period was Joel Greenblatt with a stake worth about $30 million in Amazon.

In a recent interview with CNBC, Amazon.com, Inc. (NASDAQ:AMZN)’s Chief Executive Officer Andy Jassy said that Amazon is delivering packages faster and that would give the company an edge in the market. Jassy is also bullish on Amazon Prime and AWS.

BofA recently named its top growth stock picks for July and Amazon made it to the list.

Page 1 of 5