5 Best Nancy Pelosi Stocks To Buy Now

In this article, we will take a look at the 5 best Nancy Pelosi stocks to buy now. To see more such companies, go directly to 13 Best Nancy Pelosi Stocks To Buy Now.

5. Apple Inc. (NASDAQ:AAPL)

Number of Hedge Fund Holders: 135

Apple ranks 5th in our list of the best Nancy Pelosi stocks to buy now. On June 15, 2023, former House Speaker Nancy Pelosi’s husband Paul Pelosi exercised 50 call options purchased back in May 2022 at a strike price of $80.

As of the end of the second quarter of 2023, 135 hedge funds tracked by Insider Monkey had stakes in Apple. The biggest stakeholder of the company as of the end of June was Warren Buffett’s Berkshire Hathaway which owns a $178 billion stake in the company.

Polen Focus Growth Strategy made the following comment about Apple Inc. (NASDAQ:AAPL) in its Q3 2023 investor letter:

“Apple Inc. (NASDAQ:AAPL) has been a meaningful detractor to relative performance in recent quarters as the company has seen moderate earnings growth but substantial P/E multiple expansion. In our view, Apple is a great business but one with more risk factors related to China than we would prefer: relatively low EPS growth, which is being heavily aided by share buybacks (slower EPS growth than every single company in our Portfolio); and a high P/E ratio for this level of growth. This combination rarely leads to excellent long-term share price performance in our experience.

Last quarter, Apple’s new iPhone introduction failed to generate much excitement, with iPhone units declining year over year. There was also news that the Chinese government was blocking its employees from using iPhones. Apple is exposed to the rising geopolitical tensions between the U.S. and China. The latter is responsible for much of the company’s incremental iPhone growth, and nearly all of Apple’s supply chain is China-based. The relatively small action by the Chinese government was a reminder to investors that Apple is not immune from geopolitics or other risks.”