5 Best Cheap Stocks to Buy Now for Long Term

4. Apple Inc. (NASDAQ:AAPL)

Number of Hedge Fund Holders: 140

Apple Inc. (NASDAQ:AAPL) ranks #4 on our list of 10 Best Cheap Stocks to Buy Now for Long Term given 140 hedge funds in our database owned shares of the stock at the end of Q3. Although shares are down 24.25% year to date, Apple Inc. (NASDAQ:AAPL) still has a market capitalization of over $2 trillion, which gives it substantial resources to try to make the next big consumer technologies for the future. If it succeeds, Apple Inc. (NASDAQ:AAPL) could continue to perform well in the long term.

It should be noted that in the near term, however, Apple Inc. (NASDAQ:AAPL)’s services business might not have as much growth given the European Union has mandated that the company eventually allow for third party app stores in Apple devices.