5 Best High Volume Stocks To Buy Today

4. Apple Inc. (NASDAQ:AAPL)

Number of Hedge Fund Holders: 140

Apple Inc. (NASDAQ:AAPL) remains one of the most popular stocks to buy according to hedge funds and retail investors. Despite headwinds in 2022, Apple Inc. (NASDAQ:AAPL) shares were bought by the smart money. Insider Monkey’s database of 920 hedge funds shows that 140 hedge funds had stakes in Apple Inc. (NASDAQ:AAPL) as of the end of the third quarter, significantly up from 128 hedge funds in the previous quarter.

Apple Inc. (NASDAQ:AAPL) shares are in the limelight after the company posted weak Q1 results. However, most of this weakness was due to FX headwinds and supply chain issues and analysts believe Apple Inc. (NASDAQ:AAPL) could gain from several tailwinds in 2023.

TimesSquare Capital made the following comment about Apple Inc. (NASDAQ:AAPL) in its Q3 2022 investor letter:

“Apple Inc. (NASDAQ:AAPL) designs and manufactures smartphones, personal computers, tablets, and wearable devices. The company reported better than expected revenues, though that came from a lower-than-expected supply chain impact. Apple called out pockets of weakness in wearables as well as home & accessories. Management referenced macroeconomic uncertainty and sounded somewhat guarded when commenting on fourth quarter expectations. In September, Apple introduced four new iPhones with retail prices kept at last year’s levels. Its shares edged forward by 1% in consideration of these developments. We trimmed the position after evaluating the channel which highlighted some consumer demand choppiness.”