Amazon.com, Inc. (NASDAQ:AMZN) is one of the Best Consumer Cyclical Stocks to Buy According to Hedge Funds. On August 28, Reuters reported that Comcast-owned NBCUniversal and Amazon.com, Inc. (NASDAQ:AMZN) reached a deal to bring the ad-free version of Peacock to Prime Video Channels. This will be the first time that the streaming service is being provided as part of the retailer’s package of digital channels. Reuters also highlighted that Peacock possesses a total of 41 million subscribers, making it smaller compared to its peers.
For media partners such as NBCUniversal, Prime Video Channels provides a broad new platform in order to promote its $16.99 a month Peacock Premium Plus service to potential subscribers, reported Reuters. If successful, the deal can act as a template for deals with several other third-party streaming distributors, reported Reuters, while quoting a person familiar with NBCUniversal’s strategy. In Prime Video live sports, Amazon.com, Inc. stated that the first season of NASCAR brought ~2 million viewers per race and the youngest audience among NASCAR broadcasters in over a decade in Q2 2025.
Oakmark Funds, advised by Harris Associates, released its Q2 2025 investor letter. Here is what the fund said:
“Amazon.com, Inc. (NASDAQ:AMZN) is the world’s largest online retailer and provider of cloud services. The company is a dominant player in massive end markets with secular growth tailwinds. Amazon benefits from a wide competitive moat supported by scale, customer loyalty, and network effects. We think it is a well-managed business that will use AI to improve operational efficiency, enhance customer experience, and fuel long-term demand growth at Amazon Web Services (AWS). Despite this favorable outlook, Amazon’s stock price fell recently due to a combination of tariffs and short-term macroeconomic concerns. We were pleased to purchase shares in what we believe is one of the world’s best companies at a discount to our estimate of intrinsic value.”
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This article is originally published at Insider Monkey.
