5 Best Stocks to Buy According to Billionaire D.E. Shaw

This article presents an overview of the 5 Best Stocks to Buy According to Billionaire D.E. Shaw. For a detailed overview of such stocks, read our article, 15 Best Stocks to Buy According to Billionaire D.E. Shaw.

5. Amazon.com Inc (NASDAQ:AMZN)

DE Shaw’s Stake: $1,364,017,951

DE Shaw owns a $1.4 billion stake in Amazon.com Inc (NASDAQ:AMZN) as of the end of 2023. Amazon.com Inc (NASDAQ:AMZN) shares have gained about 16% year to date through February 27.

Polen Global Growth Strategy stated the following regarding Amazon.com, Inc. (NASDAQ:AMZN) in its fourth quarter 2023 investor letter:

“Amazon.com, Inc. (NASDAQ:AMZN), which saw significant price appreciation throughout much of 2023, saw its share price increase materially in Q4 following the company’s Q3 2023 earnings report. We have yet to see the long-awaited re-acceleration in AWS (Amazon Web Services) revenue growth. However, in our estimation, the segment’s growth has likely bottomed, and we could see accelerating growth in 2024. Further, Amazon’s e-commerce business has gradually re-accelerated from 2022’s levels and, perhaps most importantly, the company’s margins and free cash flow have rebounded materially from last year. This rebound in margins and free cash flow at Amazon has been a key component of our long-term thesis for the business, and we expect the improvement in these metrics to continue into 2024 and beyond (though perhaps not linearly) as the company continues to optimize costs and capital expenditures. Our position in Amazon reflects our positive long-term expectations of the business, and it is currently our largest absolute weight in the Portfolio.”