5 Best Stocks to Buy According to Billionaire Ken Fisher

Below is the list of the 5 best stocks to buy according to billionaire Ken Fisher. For a detailed discussion about Ken Fisher’s investment strategy and market outlook, go directly to the 10 Best Stocks to Buy According to Billionaire Ken Fisher.

5. Alphabet Inc. (NASDAQ: GOOGL)

Number of Hedge Fund Holders: 190

The shares of communication services company Alphabet Inc. (NASDAQ: GOOGL) stands among the top performers of this year amid economic reopening and prospects for higher ad revenue. During the second quarter, billionaire Ken Fisher increased his position by 3% in Google to 1.77 million shares worth around $4.3 billion. 

In its Q2 2021 investor letter, Alger Spectra Fund said that Alphabet Inc is a smart long-term investment. Here is what Alger Spectra Fund stated: 

“Alphabet Inc. was among the top contributors to performance. Alphabet’s Google is a leading search engine, which has allowed the company to become a beneficiary of the shift of advertising dollars from traditional mediums like television, radio, and newspapers to digital platforms. The company is also a leader in implementing artificial intelligence and developing autonomous vehicles and owns the highly trafficked YouTube service. Alphabet contributed to performance due to a strong quarterly report that was highlighted by a meaningful acceleration in advertising revenues reflecting a robust, broad-based demand environment with notable strength in retail and improvement in travel-related businesses. Profitability was also better than expected as the revenue growth exceeded the rate at which costs for staffing, office expenses, travel, and entertainment increased.”