5 Good Stocks to Invest in Right Now

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

Number of Hedge Fund Holders: 269

Amazon.com, Inc. (NASDAQ:AMZN) ranks among the potential good stocks to buy given its leading cloud business. For Q3 2022, Amazon.com, Inc. (NASDAQ:AMZN)’s cloud business sales rose 27.5% year over year to $20.5 billion and operating income for the division was $5.4 billion. Although the numbers were lower than analyst estimates, the growth in the cloud is still very strong for a business its size and there is likely more growth in the future. 269 hedge funds we track owned shares of Amazon.com, Inc. (NASDAQ:AMZN) at the end of Q3 2022.