'Tis the season for Amazon (AMZN) - Get Report to shine as Cyber Monday and the Christmas shopping season approach. Nevertheless, it's the company's cloud computing division -- not its massive retail operation -- that makes the stock so attractive, said Robert Sharps, portfolio manager for the T. Rowe Price Large Cap Growth Fund (TRLGX) - Get Report .
"We think Amazon Web Services will do about $8 billion in revenue this year and it was growing in the most recent quarter well north of 50% with 20% margins," said Sharps. "It's a huge market opportunity over time and we think they have a long lead on the competition."
Sharps added that over the next few years Amazon's cloud computing business alone will be able to justify a value that approaches the current enterprise value of the entire company. Shares of Amazon have surged over 112% thus far in 2015.
The T. Rowe Price Large Cap Growth Fund is up 8% year-to-date, according to fund-tracker Morningstar. The fund is currently outperforming 90% of its peers in Morningstar's large growth category.
Sharps is also bullish on Alphabet (GOOGL) - Get Report , which has seen its stock jump over 42% this year. He applauded the company's plans to better disclose its "moonshot" activities like self-driving cars in an effort to give Wall Street more clarity about the company's operations.
"That will give investors a better picture of the growth and profitability of those core businesses," said Sharps.
"We like their position in 14 states as the Blue Cross Blue Shield provider," said Sharps. "We think that gives them a benefit."
Finally, Sharps is a fan of Textron (TXT) - Get Report despite the fact that it has been flat so far this year. He said the company's Cessna commercial aviation operations will propel the firm even though Wall Street may be focusing more on Textron's defense business in the wake of the Paris attacks.
"Business jets in the U.S. have been quite weak since the global financial crisis," said Sharps. "We see some firming in prices in the used market and we think CEO Scott Donnelly has the margin structure there to really respond to a pick up in orders."