5 Best Beginner Stocks To Invest In Right Now

3. Apple Inc. (NASDAQ:AAPL)

Number of Hedge Fund Holders: 131

Apple Inc. (NASDAQ:AAPL) is a market leader which, it seems, will forever be valuable to investors, just like iPhones are to consumers around the world. With a consistent history of providing excellent shareholder gains, innovative, industry-leading technology, and huge sales in virtually every region around the world, no investing newbie can go wrong buying Apple Inc. (NASDAQ:AAPL). And with the stock down more than 21% in the year to date as part of the broader market sell-off in tech, buying Apple shares right now makes even more sense.

At its annual Worldwide Developers Conference, the company recently unveiled a range of updates to its product lineup, including new MacBook Pro and MacBook Air laptops, upgraded iOS software and a new M2 chip. Morgan Stanley analyst Katy Huberty on June 7 noted that the event showed Apple Inc.’s (NASDAQ:AAPL) “innovation engine at full throttle.” She gave the firm an ‘Overweight’ rating with a $195 price target.

A total of 131 hedge funds from the Q1 database of Insider Monkey owned stakes in Apple Inc. (NASDAQ:AAPL), with an aggregate value of $182 billion. Warren Buffett was its largest shareholder, with his Berkshire Hathaway holding a $155 billion stake.

ClearBridge Investments mentioned Apple Inc. (NASDAQ:AAPL) in its Q4 2021 investor letter. Here’s what the investment firm said:

“Despite these mixed emerging growth results, the ClearBridge Global Growth Strategy outperformed the benchmark due to resilience among our secular and structural growth holdings. The bulk of these contributions came from U.S. mega-cap growth stocks Apple and Microsoft which continued to uniquely act both offensively and defensively as they have through most of the pandemic.”