Top 10 hedge fund stocks include Meta, Alphabet, Amazon, Mastercard, and Apple due to strong Q2 2024 financial results.
Meta Platforms, Inc., Alphabet Inc., Amazon.com, Inc., Mastercard, and Apple Inc. rank among the top 10 stocks owned by hedge funds, driven by strong financial results in Q2 2024. Meta's revenue rose 22% to $39.1 billion, while Alphabet reported $84.7 billion, a 14% increase. Amazon's revenue hit $148 billion, up 11%. Mastercard's net revenues grew 13%, and Apple posted $85.8 billion, a 5% increase. This surge follows interest rate cuts and declining inflation, boosting market optimism.
October 20, 2024
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