Ken Fisher Stock Portfolio: 10 Stocks to Buy

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

Fisher Asset Management Equity Stake: $7,126,230,226

Number of Hedge Fund Holders: 328

Amazon.com, Inc. (NASDAQ:AMZN) is one of the best stocks to buy according to billionaire Ken Fisher. On August 18, the company confirmed it will no longer offer support for the Amazon Appstore on Android devices. The company is also discontinuing the Amazon Coins program.

The decision to end support for Amazon Appstore on Android devices is due to the small number of customers who engage with the program within the Android ecosystem. Consequently, the company plans to continue offering support to Amazon devices, including Fire TV and Fire Tablet devices. Amazon generates most of the traffic on the Appstore from Amazon Devices.

“We’ve decided to discontinue the Amazon Appstore on Android to focus our efforts on the Appstore experience on our own devices, as that’s where the overwhelming majority of our customers currently engage with it,” the Amazon spokesperson said.

Amazon is also urging users to use any remaining Amazon coins in their accounts before August 20. Any remaining coins will be refunded.

Amazon.com, Inc. (NASDAQ:AMZN) is a multinational company engaged in e-commerce, cloud computing, online advertising, and digital streaming. It is best known for operating an online marketplace for buyers and sellers, as well as offering cloud computing services.