15 Best Stocks to Buy According to Jim Simons’ Renaissance Technologies

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4. Apple Inc. (NASDAQ:AAPL)

Renaissance Technologies Q4 Stake: $617.9 million

Number of Hedge Fund Holders: 166

A leader in technology, Apple Inc. (NASDAQ:AAPL) is renowned for its diverse range of services, including iCloud and Apple Music, as well as its flagship products: the iPhone, Mac, and Apple Watch.

Apple Inc. (NASDAQ:AAPL) recently reported fiscal second-quarter earnings that exceeded Wall Street expectations. Non-GAAP profit of $1.65 per share was 1.7% higher than the analysts’ consensus estimate, and revenue increased 5.1% year-over-year to $95.36 billion. Apple’s services revenue for the quarter came in at $26.65 billion, just below the expected $26.70 billion, despite the company’s earnings exceeding consensus estimates.

With a stable price target of $210, UBS analyst David Vogt maintained a Neutral rating of Apple Inc. (NASDAQ:AAPL) shares on May 6. According to Vogt’s analysis of Sensor Tower data, global App Store revenue grew by almost 11% on a currency-neutral basis, about 60 basis points (bps) less than in March, representing a significant slowdown from the start of the year. The App Store also faces challenging year-over-year comparisons for the remainder of the quarter ending June 2025. Historically, growth rates have been about 15% in May and 13% in June.

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