Amazon.com, Inc. (AMZN), Suncor Energy Inc. (USA) (SU): Billionaire Steve Cohen’s Biggest Buys

Visa Inc (NYSE:V)  is SAC Capital’s fourth-largest stock holding after a 330% increase in shares owned. Visa Inc (NYSE:V) is the world’s largest retail electronics payment network and a leading payments brand. The company’s March-ended quarterly results showed EPS of $1.92, up from $1.60 in the previous year’s quarter and beating consensus by $0.10. This comes after global credit and debit purchase volumes grew some 4% year-over-year during the first quarter.

Visa’s business model makes it a solid cash-flow-generating company. The pick up in the U.S. economy should lead to an increase in consumer spending and payment volume, as well as payment volume increases in overseas markets. The EPS growth over the next five years is expected to come in at 18.6% annually over the next five years.

A few of the initiatives driving this growth will be the company’s move into mobile payments and money-transfer services. Going into the second quarter, Visa had some of the most robust hedge fund interest among all companies, with 88 hedge funds long the stock, a 9% increase from one quarter earlier. John Scully’s SPO Advisory Crop has the most valuable position, worth close to $842 million and accounting for 11.4% of its total 13F portfolio (check out SPO’s top stocks).

The 10th-largest SAC Capital holding is GNC Holdings Inc (NYSE:GNC), following a 2,400% increase in shares owned during the first quarter. I covered Cohen’s big bet on nutrition earlier this year, and since then GNC Holdings Inc (NYSE:GNC) has posted 1Q EPS of $0.73 compared to $0.60 for the same quarter last year on the back of 6.5% higher sales.

GNC is a retailer of vitamins, supplements and nutrition products–chances are there’s one in your local mall. GNC’s products are considered somewhat discretionary, which is not a bad thing considering the bustling economy. The rise in consumer confidence across the U.S. should lead to increased sales for the company. The May report on consumer sentiment, from the University of Michigan and Thomson Reuters, showed that sentiment rose to 84.5, up 10.6% from April and 6.6% over May 2012.

As far as valuation goes, GNC currently trades at a P/E that is around 105% relative to the S&P 500, whereas its five-year average relative to the S&P P/E is 130%. Analysts expect EPS to grow at an impressive 18.9% annually over the next five years, putting its PEG ratio at a low 0.8

Billionaire Stevie Cohen is taking a lot of heat surrounding insider trader allegations, nonetheless, it doesn’t make the four stock picks above any less appealing. Amazon continues to innovate; however, despite all the “irons in the fire” that Amazon has, with hardware, streaming video and now delivery, I remain concerned about the company’s margins and would look for a pullback before jumping in.

Suncor appears to be a unique energy play given its exposure to oil sands, which is differentiation beyond the typical oil super-majors, making it a nice addition to any portfolio. As for Visa, I think the company will perform nicely given its plans to enter the mobile payments market. GNC is an interesting pick that should see top- line growth from an economic rebound, as well as the rise of the health-conscious consumer.

The article Billionaire Steve Cohen’s Biggest Buys originally appeared on Fool.com.