Latest news with #JoelGreenblatt
Yahoo
4 days ago
- Business
- Yahoo
Joel Greenblatt's Strategic Moves: SPDR S&P 500 ETF Trust Takes Center Stage with 3. ...
Exploring the Latest 13F Filing of a Renowned Value Investor Joel Greenblatt (Trades, Portfolio) recently submitted the 13F filing for the second quarter of 2025, providing insights into his investment moves during this period. Known for the invention of Magic Formula Investing, and founder of the New York Securities Auction Corporation (NYSAC), Greenblatt is the founder and managing partner of Gotham Asset Management, LLC. He is the author of two investment books, including "The Little Book that Beats the Market." He is also an Adjunct Professor with Columbia Business School. Greenblatt tries to find cheap and good companies. He looks for value with a catalyst, so nice things happen sooner. Greenblatt likes special situations, and thinks that they are simply different places to find cheap stocks. In his own hedge fund, Greenblatt uses the basic principles in the Magic Formula: Look for high ROC and high earnings yield. He tries to figure out what "normalized earnings" will be 3-4 years into the future. Greenblatt makes sure the stock is very cheap based on normalized earnings. You can view the Magic Formula Stocks on the following page: Magic Formula Stocks. Warning! GuruFocus has detected 8 Warning Signs with PCG. Summary of New Buy Joel Greenblatt (Trades, Portfolio) added a total of 224 stocks, among them: The most significant addition was iShares Gold Trust (IAU), with 165,240 shares, accounting for 0.06% of the portfolio and a total value of $10.3 million. The second largest addition to the portfolio was VictoryShares Free Cash Flow ETF (NASDAQ:VFLO), consisting of 262,048 shares, representing approximately 0.06% of the portfolio, with a total value of $9.26 million. The third largest addition was Credo Technology Group Holding Ltd (NASDAQ:CRDO), with 64,702 shares, accounting for 0.04% of the portfolio and a total value of $5.99 million. Key Position Increases Joel Greenblatt (Trades, Portfolio) also increased stakes in a total of 919 stocks, among them: The most notable increase was SPDR S&P 500 ETF Trust (SPY), with an additional 1,059,136 shares, bringing the total to 4,355,487 shares. This adjustment represents a significant 32.13% increase in share count, a 3.92% impact on the current portfolio, with a total value of $2,691,037,640. The second largest increase was iShares 0-3 Month Treasury Bond ETF (SGOV), with an additional 635,060 shares, bringing the total to 748,815. This adjustment represents a significant 558.27% increase in share count, with a total value of $75,398,180. Summary of Sold Out Joel Greenblatt (Trades, Portfolio) completely exited 111 holdings in the second quarter of 2025, as detailed below: Paycor HCM Inc (PYCR): Joel Greenblatt (Trades, Portfolio) sold all 442,138 shares, resulting in a -0.08% impact on the portfolio. Avantis U.S. Large Cap Value ETF (AVLV): Joel Greenblatt (Trades, Portfolio) liquidated all 139,098 shares, causing a -0.08% impact on the portfolio. Key Position Reduces Joel Greenblatt (Trades, Portfolio) also reduced positions in 421 stocks. The most significant changes include: Reduced International Paper Co (NYSE:IP) by 245,351 shares, resulting in a -67.4% decrease in shares and a -0.11% impact on the portfolio. The stock traded at an average price of $47.37 during the quarter and has returned -4.18% over the past 3 months and -9.66% year-to-date. Reduced Lennox International Inc (NYSE:LII) by 23,824 shares, resulting in a -66.22% reduction in shares and a -0.11% impact on the portfolio. The stock traded at an average price of $559.25 during the quarter and has returned 1.55% over the past 3 months and -1.23% year-to-date. Portfolio Overview At the second quarter of 2025, Joel Greenblatt (Trades, Portfolio)'s portfolio included 1,655 stocks, with top holdings including 16.1% in SPDR S&P 500 ETF Trust (SPY), 3.22% in Gotham Enhanced 500 ETF (GSPY), 2.15% in NVIDIA Corp (NASDAQ:NVDA), 1.09% in Apple Inc (NASDAQ:AAPL), and 1.01% in iShares Core S&P 500 ETF (IVV). The holdings are mainly concentrated in all 11 industries: Technology, Industrials, Consumer Cyclical, Healthcare, Financial Services, Communication Services, Consumer Defensive, Basic Materials, Real Estate, Energy, and Utilities. This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein. This article first appeared on GuruFocus.
Yahoo
05-08-2025
- Business
- Yahoo
The 40 Best Finance Books Worth Adding To Your Bookshelf in 2025
The first step to gaining financial freedom is mastering financial literacy. This thoughtfully curated list of finance titles provides a comprehensive mix of financial topics. From investment strategies to building long-term wealth, understanding how the economy works, repairing credit and more, here are 41 of the best finance books in 2025, according to Blinkist. Discover Next: Trending Now: The Warren Buffett Way Robert G. Hagstrom chronicles the life of Warren Buffett, one of the world's top investors and how he employed sound decision-making to build his wealth. A Random Walk Down Wall Street In this text, Burton G. Malkiel discusses stock market unpredictability and patterns, likening stock market movements and consistent gains to a walk down Wall Street. Check Out: Common Sense on Mutual Funds John C. Bogle explores the advantages of low-cost, long-term wealth-building strategies over short-term tactics, emphasizing how index funds are an effective way to mitigate risk and achieve market returns. Too Big to Fail Andrew Ross Sorkin delves into the 2008 global financial crisis and how high stakes decisions shaped one of the world's most harrowing economic landscapes. The Little Book That Beats the Market Through real-life examples, Joel Greenblatt introduces his concept of 'magic formula investing,' focused on buying solid companies at bargain prices. Reminiscences of a Stock Operator Edwin Lefèvre tells the story of a professional commodities and stock trader through his character Larry Livingston, emphasizing the complexities of trading, market behavior and the discipline required for success. Dotcom Secrets Russell Brunson discusses factors that hinder digital businesses, such as focusing on traffic and conversions and instructs readers on how to achieve exponential growth in the digital landscape by building robust systems. The Business of the 21st Century Ideal for entrepreneurs, this book leverages successful business-building strategies, including networking and direct sales, as tools for financial and personal growth. It is written by Robert T. Kiyosaki, John Fleming and Kim Kiyosaki. Extraordinary Popular Delusions and The Madness of Crowds Charles Mackay uses historical examples to illustrate how misinformation can lead to collective madness that penetrates society. A good book for people seeking to protect themselves from scams. Market Wizards (Updated) Updated by Jack D. Schwager, this financial text offers in-depth analysis and interviews of successful trading strategies. Great for both new and veteran investors. Economics in One Lesson Using practical examples, Henry Hazlitt highlights the visible and unforeseen consequences of economic policies and decision-making. Against the Gods This finance book is all about probability and risk. Drawing on insights from history and compelling storytelling, Peter L. Bernstein offers a fresh take on the role of rational thought in finance. Buy Then Build This book, written by Walker Deibel, is for the entrepreneur who wants to acquire an existing business, emphasizing how to identify, evaluate and negotiate the deal. Boomerang Michael Lewis discusses the global financial crisis and how nations such as Greece, Ireland and Iceland contributed to the aftermath. The Only Investment Guide You'll Ever Need Andrew Tobias covers various financial topics in his text, including retirement planning, stocks, bonds, real estate and more, to help readers make informed and smart investing decisions. Beating the Street Peter Lynch and John Rothchild offer practical insights into successful stock market investing based on their own experiences, showing readers how to discover lucrative opportunities in this complex market. Manias, Panics and Crashes Charles P. Kindleberger examines the history of financial crises, drawing upon behaviors and patterns that lead to market instability. The Wealthy Barber This personal finance book — by David Chilton — playfully teaches readers about wealth building, retirement planning and financial literacy through a fictional narrative of a barber who shares wisdom with his customers. Financial Peace Revisited Dave and Sharon Ramsey show readers how to become debt-free and achieve financial freedom through this finance book, which offers practical advice on saving, investing and budgeting with real-world examples. Stress Test Timothy F. Geithner, who served as President of the Federal Reserve Bank of New York, provides a firsthand account of the 2008 financial crisis and the actions taken to stabilize the global economy. Irrational Exuberance This book is suitable for readers seeking to understand the psychology behind financial crashes and bubbles. Robert J. Shiller investigates recurring patterns in financial markets. Confessions of an Economic Hitman This riveting memoir — by John Perkins — delves into the dark side of global capitalism, exposing the manipulation of developing nations and the role of organizations like the World Bank and the IMF in the pursuit of profit by a select few individuals and corporations. Equity Markets and Portfolio Analysis R. Stafford Johnson delves into equity markets and portfolio management as they relate to stock valuation, investment strategies and risk management. Why Stock Markets Crash Didier Sornette plays the 'devil's advocate' to the traditional view in this finance text, illustrating how stock market crashes are predictable and explainable. The Quants This text, written by Scott Patterson, examines quantitative finance and how mathematical geniuses on Wall Street, known as quants, employ mathematical algorithms to generate massive profits. Amazing Credit Repair Written by Abel Gray, this book is for readers who want to improve their credit scores, offering actionable steps to take control of their financial future. Cost of Capital This book, by Shannon P. Pratt, is for financial analysts and professionals who want to learn several methods of calculating cost of capital, how it applies to valuation, capital budgeting and corporate finance. Repair Your Credit Like the Pros Carolyn Warren provides financial strategies and tips into improving your credit, including identifying credit errors and negotiating with creditors. Business Brilliant This finance text — by Lewis Schiff — identifies strategies that set millionaires apart through in-depth research and insightful strategies. Applied Corporate Finance Aswath Damodaran presents a comprehensive overview of how corporate finance is applied to real-world business decision-making. Corporate Finance for Dummies This guide (by Michael Taillard) breaks down financial concepts for beginners, including valuation, budgeting, risk management and more. Creating Shareholder Value This text, written by Alfred Rappaport, offers practical guidance on how analysts, investors and managers can align corporate strategy to benefit shareholders. Dear Chairman Jeff Gramm investigates the world of corporate governance and its impact on activist investors through in-depth analysis and insightful case studies. Damodaran on Valuation This finance book, written by Aswath Damodaran, examines various valuation techniques, providing a framework for valuation and analyzing different asset types. Hidden Credit Repair Secrets In this informative guide, Mark Clayborne delves into the credit system and offers techniques and strategies to repair credit. Finance for Nonfinancial Managers Written for business owners, this finance book — by Gene Siciliano — covers significant financial topics such as cash flow management, financial analysis, budgeting and maintaining financial statements. Understanding Stocks This text, by Michael Sincere, is a practical and comprehensive guide for novices looking to learn more about stock market investing, featuring chapters on stock trading, investment techniques and risk management. Super Pumped This text examines the rise and fall of Uber. Through research and interviews, Mike Isaac explores the unscrupulous tactics and the individuals who shaped the company. Incerto This finance book is about navigating decision-making during times of uncertainty and challenges our perception of risk. In the series, Nassim Nicholas Taleb provides key insights about how events shape our worldview. The Theory of Corporate Finance Providing a window into the world of corporate finance, Jean Tirole offers a comprehensive analysis of corporate governance, capital structure and risk management. More From GOBankingRates These Cars May Seem Expensive, but They Rarely Need Repairs This article originally appeared on The 40 Best Finance Books Worth Adding To Your Bookshelf in 2025
Yahoo
15-05-2025
- Business
- Yahoo
Joel Greenblatt's Strategic Moves: SPDR S&P 500 ETF Trust Takes Center Stage with 4. ...
Joel Greenblatt (Trades, Portfolio) recently submitted the 13F filing for the first quarter of 2025, providing insights into his investment moves during this period. Known for the invention of Magic Formula Investing, and founder of the New York Securities Auction Corporation (NYSAC), Greenblatt is founder and managing partner of Gotham Asset Management, LLC. He is the author of two investment books, including "The Little Book that Beats the Market." He is also an Adjunct Professor with Columbia Business School. Greenblatt tries to find cheap and good companies. He looks for value with a catalyst, so nice things happen sooner. Greenblatt likes special situations, and thinks that they are simply different places to find cheap stocks. In his own hedge fund, Greenblatt uses the basic principals in the Magic Formula: Look for high ROC and high earnings yield. He tries to figure out what "normalized earnings" will be 3-4 years into the future. Greenblatt makes sure the stock is very cheap based on normalized earnings. You can view the Magic Formula Stocks on the following page: Magic Formula Stocks Warning! GuruFocus has detected 1 Warning Sign with GRBK. Joel Greenblatt (Trades, Portfolio) added a total of 268 stocks, among them: The most significant addition was Millrose Properties Inc (NYSE:MRP), with 643,790 shares, accounting for 0.14% of the portfolio and a total value of $17,066,870 million. The second largest addition to the portfolio was Intuitive Machines Inc (NASDAQ:LUNR), consisting of 2,112,674 shares, representing approximately 0.13% of the portfolio, with a total value of $15,739,420. The third largest addition was CRH PLC (NYSE:CRH), with 147,965 shares, accounting for 0.11% of the portfolio and a total value of $13,016,480. Joel Greenblatt (Trades, Portfolio) also increased stakes in a total of 782 stocks, among them: The most notable increase was SPDR S&P 500 ETF Trust (SPY), with an additional 912,333 shares, bringing the total to 3,296,351 shares. This adjustment represents a significant 38.27% increase in share count, a 4.26% impact on the current portfolio, with a total value of $1,843,945,790. The second largest increase was Inc (NASDAQ:AMZN), with an additional 372,430 shares, bringing the total to 722,121. This adjustment represents a significant 106.5% increase in share count, with a total value of $137,390,740. Joel Greenblatt (Trades, Portfolio) completely exited 148 holdings in the first quarter of 2025, as detailed below: Sonoco Products Co (NYSE:SON): Joel Greenblatt (Trades, Portfolio) sold all 242,315 shares, resulting in a -0.11% impact on the portfolio. Acadia Healthcare Co Inc (NASDAQ:ACHC): Joel Greenblatt (Trades, Portfolio) liquidated all 157,461 shares, causing a -0.06% impact on the portfolio. Joel Greenblatt (Trades, Portfolio) also reduced positions in 449 stocks. The most significant changes include: Reduced ConocoPhillips (NYSE:COP) by 231,425 shares, resulting in a -78.96% decrease in shares and a -0.22% impact on the portfolio. The stock traded at an average price of $99.73 during the quarter and has returned -3.43% over the past 3 months and -5.50% year-to-date. Reduced Dominion Energy Inc (NYSE:D) by 328,432 shares, resulting in a -67.29% reduction in shares and a -0.17% impact on the portfolio. The stock traded at an average price of $55 during the quarter and has returned 0.19% over the past 3 months and 3.41% year-to-date. At the first quarter of 2025, Joel Greenblatt (Trades, Portfolio)'s portfolio included 1,542 stocks, with top holdings including 15.39% in SPDR S&P 500 ETF Trust (SPY), 4.07% in Gotham Enhanced 500 ETF (GSPY), 1.93% in NVIDIA Corp (NASDAQ:NVDA), 1.47% in Apple Inc (NASDAQ:AAPL), and 1.28% in iShares Core S&P 500 ETF (IVV). The holdings are mainly concentrated in all 11 industries: Technology, Industrials, Consumer Cyclical, Healthcare, Financial Services, Consumer Defensive, Communication Services, Real Estate, Basic Materials, Energy, and Utilities. This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein. This article first appeared on GuruFocus. Sign in to access your portfolio
Yahoo
02-04-2025
- Business
- Yahoo
Why Crocs (CROX) Stock Validates Joel Greenblatt's ‘Magic Formula' Strategy
Crocs Inc. (CROX) may have a reputation for making unsightly footwear, but there's definitely nothing unsightly about the stock's compelling fundamentals. The comfy shoe company has been an excellent value stock, with impressive outperformance compared to the broader market over the past five years. Crocs' shares have surged ~480%, far outpacing the ~142% gain of the S&P 500 (SPY). This growth has been driven by a mix of rapid top and bottom-line expansion, so I'm leaning bullish on this Colorado-based consumer favorite. Discover the latest stocks recommended by top Wall Street analysts, all in one place with Analyst Top Stocks. Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter. Despite the company's cult-classic brand awareness and widespread adoption, over the past 12 months, Crocs' stock has taken a hit due to the underperformance of the HEYDUDE brand, which has struggled to gain traction. Although Crocs' unit sales saw significant increases in the latest quarter, the stock has lost nearly 26% of its value over the past year. Even so, the bullish long-term investment thesis on Crocs still stands, mainly due to its robust capital returns and appealing valuation. In fact, Crocs aligns perfectly with hedge fund manager Joel Greenblatt's 'Magic Formula' strategy, outlined in his book 'The Little Book That Still Beats the Market', first published in 2005. The Magic Formula recommends buying stocks that combine high return on capital and high earnings yield, as these tend to outperform the broader market over time. Essentially, the formula blends two key investment principles: purchasing companies with strong earnings potential (value investing) and investing in those that make efficient use of capital (quality investing). For these specific reasons, which combine value and quality, I maintain a Buy stance on Crocs, believing the company will continue to deliver returns above the broader market for those who hold it long-term. As a company with strong business fundamentals, Crocs has consistently maintained robust returns on its capital in recent years. But first, let's quickly go over how Return on Capital (ROC) is calculated. Simply put, it's the ratio of operating income (EBIT) to capital employed, where capital employed is defined as total assets minus current liabilities. Over the last five years, Crocs has averaged a return on capital of 32.5%. In 2024, the company reported a ROC of 25.7%, slightly down from 26.5% in 2023 but still up from 23% in 2022. These figures are much lower compared to 2021, when ROC peaked at nearly 60%. The unusually high comparable ROC in 2021 was partly because the company's capital employed didn't yet reflect the HEYDUDE acquisition, which involved a $2.5 billion cash and stock deal. Starting in 2022, this amount was added to the balance sheet as other intangibles and goodwill, such as HEYDUDE's trademarks and intellectual property. At the same time, Crocs' operating income nearly doubled, increasing from $683 million in 2021 to $1 billion in 2024. This shows that while Crocs' return on capital has dropped significantly since 2021, it's not necessarily due to decreased operational efficiency. Instead, it reflects the addition of long-term assets and intangibles following the HEYDUDE acquisition. For context, a good return on capital typically exceeds a company's cost of equity. In Crocs' case, with a beta of 1.2 and an equity risk premium of 4.1%, its cost of equity comes out to around 9.2%. So, Crocs' return on capital, currently at 25.7%, is very attractive, comfortably above its cost of equity. Crocs's other critical indicator is its earnings yield, which highlights the company's attractive valuation. According to Greenblatt's formula, this metric is calculated by dividing EBIT by enterprise value. Crocs currently has an enterprise value of $7.47 billion, which includes its market capitalization and net debt. In the most recent fiscal year, Crocs reported operating income (EBIT) of $1 billion, resulting in an earnings yield of 14%. As a benchmark, companies with an earnings yield higher than the risk-free rate—typically represented by the 10-year U.S. Treasury bond yield—are considered undervalued. In simpler terms, Crocs is generating significantly more earnings (relative to its market value) than investors could earn from a low-risk, long-term government bond. Wall Street analysts are leaning bullish on CROX stock. Out of the 12 analysts covering the stock over the last three months, nine have rated CROX as a Buy, and three have rated it as a Hold. Notably, not a single analyst rates CROX as a Sell. The average price target for CROX stock is $131 per share, which suggests an upside potential of around 21% from the current share price. Crocs is a solid pick as a value stock, with all the qualities needed to outperform the broader market over the long term. While the company's return on capital has dropped due to the HEYDUDE acquisition at the end of 2021, its operational efficiency remains strong. Moreover, its valuation suggests that CROX is likely undervalued. With that in mind, I still consider Crocs a compelling stock to hold for the long haul, as it continues to combine high returns on capital with an attractive share price, which should ultimately lead to alpha generation. Disclosure Disclaimer Disclaimer & DisclosureReport an Issue
Yahoo
27-02-2025
- Business
- Yahoo
Is Amazon.com, Inc. (AMZN) the Best Magic Formula Stock for 2025?
We recently published a list of . In this article, we are going to take a look at where Inc. (NASDAQ:AMZN) stands against other best magic formula stocks for 2025. The Magic Formula, as defined by Joel Greenblatt in his book The Little Book that Beats the Market, entails evaluating companies based on two metrics: earnings yield (EBIT/enterprise value) and return on capital. Greenblatt is one of the few fund managers who have regularly achieved double-digit percentage returns during their careers on Wall Street. His former business, Gotham Capital, had an incredible run from 1985 until 1994. During this time, the fund generated a net return of 34%. That said, even he was conscious that this method seemed too wonderful and easy to be true, which is why, throughout his book, he frequently questions the reader: what is the assurance, if any, that this investment technique genuinely works and is not just a fluke? In any case, he frequently underlines that the Magic Formula investment technique does not encourage investing in firms with average or low return on capital since the strategy creates a rating system to identify top companies with the best return on capital and earnings yield. However, like with any method, there is some risk involved, and the Magic Formula does not ensure success. Since the strategy is based on past data, it'd be difficult to say if it could work well in the future, especially if market conditions change. Incidentally, a backtest of market performance from 2003 to 2015 found that the Magic Formula approach produced annualized returns of 11.4%, while the S&P 500 produced returns of 8.7%, thus failing to live up to Greenblatt's inflated claims despite beating the benchmark. Greenblatt himself admits that the Magic Formula fails in many cases and performs poorly in some others, particularly when the holding time is too short. The investor stated the following: 'Most people just won't wait that long. Their investment time horizon is too short. If a strategy works in the long run (meaning it sometimes takes three, four, or even five years to show its stuff), most people won't stick with it. After a year or two of performing worse than the market averages (or earning lower returns than their friends), most people look for a new strategy— usually one that has done well over the past few years. Even professional money managers who believe their strategy will work over the long term have a hard time sticking with it.' More recently, however, Joel Greenblatt's fund appears to have lagged behind the overall market as a result of his investment strategy. As of the end of January, the Gotham Large Value Fund (GVALX) has only returned 10.86% over the last five years, while the S&P 500 has returned 15.17%. Nonetheless, the Magic Formula is one of many investment strategies that investors can opt for as they navigate the stock market. To make our list of the best Magic Formula stocks, we ranked the stocks in Gotham Asset Management's Q4 2024 SEC filings by their stake value and picked out the most valuable holdings. Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter's strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (). A customer entering an internet retail store, illustrating the convenience of online shopping. Number of Hedge Fund Holders: 339 Gotham Asset Management's Q4 2024 Stake: $76.7 million Inc. (NASDAQ:AMZN) is a major technology corporation that operates the world's largest e-commerce and cloud computing companies. The firm also provides digital streaming and artificial intelligence technologies. Inc.'s (NASDAQ:AMZN) e-commerce position gives it a considerable competitive edge over competitors, as it accounts for roughly 38% of all e-commerce sales in the US. On February 16, TD Cowen analyst John Blackledge maintained his Buy rating on the company's shares and set a price objective of $265. One of the grounds for Blackledge's sentiments is AWS's projected increase in generative AI income. The analyst stated that he expects growth from $2.8 billion in 2024 to $56.3 billion by 2030. Blackledge also praised Anthropic's contribution to AWS's GenAI income stream, which is expected to account for half of AWS's GenAI revenue by 2024. He also stated that, depending on various scenarios, AWS's GenAI income from Anthropic may range from $7 billion to $17 billion by 2027. Ariel Appreciation Fund stated the following regarding Inc. (NASDAQ:AMZN) in its Q4 2024 investor letter: 'During the quarter, we initiated three new investments, each in companies we have followed closely for a considerable time. At various points, we viewed them as missed opportunities; however, our experience with Mr. Market has taught us that patience often creates inevitable entry points. This quarter, some exciting opportunities presented themselves. The three investments are Inc. (NASDAQ:AMZN), Diageo (NYSE: DEO), and Uber (NASDAQ: UBER). We will discuss each in detail below. Overall, AMZN ranks 4th on our list of best magic formula stocks for 2025. While we acknowledge the potential of AMZN as an investment, our conviction lies in the belief that certain AI stocks hold greater promise for delivering higher returns, and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than AMZN but that trades at less than 5 times its earnings, check out our report about the . READ NEXT: 20 Best AI Stocks To Buy Now and Complete List of 59 AI Companies Under $2 Billion in Market Cap Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio
