$Amazon.com(AMZN)$ Amazon.com

Amazon.com ranks as one of the favorite stocks for three multibillionaire investors. It's David Tepper's Appaloosa Management hedge fund's second-largest holding. Amazon is George Soros' Soros Fund Management's fourth-largest position. And while the stock is lower on Warren Buffett's list, his Berkshire Hathaway owns more than $1.3 billion worth of Amazon shares.

So far this year, Amazon hasn't done much for these super-wealthy investors' portfolios. The stock has slid partially as a result of the overall market sell-off. However, Amazon also disappointed investors with slower revenue growth.

But it's a pretty safe bet that Tepper, Soros, and Buffett remain confident about Amazon's long-term prospects. The company still dominates e-commerce. Its Amazon Web Services cloud unit continues to grow by leaps and bounds. Amazon is also aggressively expanding into new markets

💰 Stocks to watch today?(22 Nov)

1. What news/movements are worth noting in the market today? Any stocks to watch? 2. What trading opportunities are there? Do you have any plans? 🎁 Make a post here, everyone stands a chance to win Tiger coins!

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Comments

Hktee
2022-07-28
Hktee
Like and comment :)
- Cchan:
  C
hlw8888
2022-07-27
hlw8888
thks for sharing.
wingcheong
2022-07-28
wingcheong
Like the commentary.
x2espresso
2022-07-27
x2espresso
of course in the long run when everyone has money. they will start spending
Looyusooi
2022-07-28
Looyusooi
Ok
Philipoo
2022-07-28
Philipoo
Nice! Like pleadr

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