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Amazon (AMZN) Benefits from Pandemic-Led Demand

Brown Advisory recently released its Q2 2020 Investor Letter, a copy of which you can download here. The Large-Cap Sustainable Growth Fund posted a return of 29.62% for the quarter, outperforming its benchmark, the Russell 1000 Growth Index which returned 27.84% in the same quarter. You should check out Brown Advisory’s top 5 stock picks for investors to buy right now, which could be the biggest winners of the stock market crash.

In the said letter, Brown Advisory highlighted a few stocks and Amazon.Com Inc (NASDAQ:AMZN) is one of them. Amazon.Com Inc (NASDAQ:AMZN) is a technology company focusing on e-commerce and cloud-computing services. Year-to-date, Amazon.Com Inc (NASDAQ:AMZN) stock gained 63.6% and on July 22nd it had a closing price of $3,099.91. Here is what Brown Advisory said:

“Amazon was the greatest contributor to performance during the quarter. We trimmed our position to manage its size. Its businesses were deemed essential, so it is no surprise that its online and physical (Whole Foods) sales accelerated sharply. The company’s prior investments put its logistics and distribution capabilities on vastly better footing during the recent crisis when execution was challenged. While rather late given the situational demands in our view, the company announced an undertaking of $4bn in costs to keep workers safe, including PPE and in-house COVID testing, higher wages, and enhanced social distancing measures. We were active during the quarter engaging with Amazon on a variety of its most material ESG risks, including additional disclosures on efforts to keep workers safe.”

Pixabay/ Public Domain

In Q1 2020, the number of bullish hedge fund positions on Amazon.Com Inc (NASDAQ:AMZN)  stock increased by about 24% from the previous quarter (see the chart here), so a number of other hedge fund managers seem to agree with Amazon’s growth potential. Our calculations showed that Amazon.Com Inc (NASDAQ:AMZN)  is ranked #1 among the 30 most popular stocks among hedge funds.

The top 10 stocks among hedge funds returned 185% since the end of 2014 and outperformed the S&P 500 Index ETFs by more than 109 percentage points. We know it sounds unbelievable. You have been dismissing our articles about top hedge fund stocks mostly because you were fed biased information by other media outlets about hedge funds’ poor performance. You could have doubled the size of your nest egg by investing in the top hedge fund stocks instead of dumb S&P 500 ETFs. Below you can watch our video about the top 5 hedge fund stocks right now. All of these stocks had positive returns in 2020.

Video: Top 5 Stocks Among Hedge Funds

At Insider Monkey we scour multiple sources to uncover the next great investment idea. Hedge fund sentiment towards Tesla reached its all time high at the end of 2019 and Tesla shares more than tripled this year. We are trying to identify other EV revolution winners, so we are checking out this under-the-radar lithium stock. We go through lists like the 10 most profitable companies in the world to pick the best large-cap stocks to buy. Even though we recommend positions in only a tiny fraction of the companies we analyze, we check out as many stocks as we can. We read hedge fund investor letters and listen to stock pitches at hedge fund conferences. If you want to find out the best healthcare stock to buy right now, you can watch our latest hedge fund manager interview here. You can subscribe to our free enewsletter below to receive our stories in your inbox:

Disclosure: None. This article is originally published at Insider Monkey.