Hey Investors,

You’ll notice picks #2 and #3 are repeat picks from a few months ago. You have to love multiple opportunities to buy great companies at a discount. And if these companies aren’t already in your portfolio, now’s the chance to buy in.

My top pick for the month might be a turnoff for some of you because of its high price and non-U.S. operations. Still, a good company is a good company. To be honest, I wish I would have bought this bad boy sooner. Se la vie.

Dakota Crisp, PhD

#3 Amazon.com, Inc. (AMZN)

Background:

Amazon's stock has dropped over 20% since February 2025, driven by three main concerns: slowing AWS cloud growth, a massive $100B AI-focused capital expenditure plan, and renewed tariff pressures increasing costs across its retail business. Investor sentiment also took a hit after Jeff Bezos announced a large stock sale. While these issues have created short-term pressure, they don’t fundamentally weaken Amazon’s long-term position.

Thesis:

Despite recent setbacks, Amazon remains one of the most strategically advantaged companies on the planet. AWS continues to generate massive profits as the backbone of the internet, while Amazon builds out critical AI infrastructure through custom chips and deep partnerships. Its ad business is booming past $50B annually, retail margins are expanding through cost cuts, and with three major profit engines—cloud, ads, and commerce—Amazon has more levers for growth than almost any other company in the world.

Conclusion:

Amazon is misunderstood in this moment. Wall Street is focused on a few short-term misses, while Amazon is quietly doubling down on AI, cloud, and logistics infrastructure. This is the exact setup long-term investors want: A great business, with multiple durable moats, that’s temporarily out of favor. Ka-ching!