Billionaire Investors Are Bullish On These 5 Stocks

Amazon.com, Inc. (NASDAQ:AMZN) is the 3rd most popular stock among hedge funds in our list of 742 hedge funds as 150 of these funds reported ownership of long stakes in the company at the end of the third quarter, more than 145 funds a quarter earlier. The stock is up over 15% year-to-date. Ken Fisher’s Fisher Asset Management owns 1.97 million shares of the company. In the fourth quarter, Amazon expects a revenue of $42.0-45.5 million, versus the consensus of $44.58 million.

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Billionaire Warren Buffett’s Berkshire Hathaway and D. E. Shaw’s D E Shaw are among the 145 hedge funds in our database which have long positions in the Apple Inc. (NASDAQ:AAPL), as of the end of the third quarter. The stock is up by 6% year-to-date. President-elect Donald Trump has recently offered a tax cut for Apple if it brings back its manufacturing from China and Taiwan. The offer reportedly includes a 20% cut in the corporate tax rate and a 10% repatriation tax holiday to bring back money from abroad to the US.

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Allergan plc Ordinary Shares (NYSE:AGN) experienced a slight decrease in the hedge fund sentiment in the third quarter, as 115 funds in our database reported long stakes in the company at the end of September, compared to 131 funds a quarter earlier. However, these funds still hold over $10.59 billion worth of the company’s stock, which accounts for 15% of the total float. The stock has lost over 38% year-to-date. The New Jersey-based pharmaceutical company recently acquired Chase Pharmaceuticals Corporation, a clinical-stage biopharmaceutical company, for an upfront payment of $125 million with some additional potential regulatory and sales milestone payments. John Paulson’s Paulson & Co owns 3.89 million shares of Allergan, as of the end of the third quarter.

 

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