5 Best Roth IRA Stocks To Buy in 2022

4. Apple Inc. (NASDAQ:AAPL)

Number of Hedge Fund Holders: 134  

Apple Inc. (NASDAQ:AAPL) makes and sells consumer electronics. The company is already a leading smartphone and laptop manufacturer and has plans to expand in the electric vehicle and virtual reality domains in the coming years. It is also one of the few tech giants with an excellent financial record. Piper Sandler analyst Harsh Kumar has an Overweight rating on the stock with a price target of $200. 

Elite hedge funds are bullish on Apple Inc. (NASDAQ:AAPL) stock as well. Among the hedge funds being tracked by Insider Monkey, Washington-based firm Fisher Asset Management is a leading shareholder in Apple Inc. (NASDAQ:AAPL) with 63.9 million shares worth more than $11.3 billion. 

In its Q1 2021 investor letter, Distillate Capital, an asset management firm, highlighted a few stocks and Apple Inc. (NASDAQ:AAPL) was one of them. Here is what the fund said:

“Apple Inc. (NASDAQ:AAPL) is an even more notable situation and one that highlights our free cash valuation methodology and bears further discussion given its Q3 ‘20 sale from our strategy. For an extended period, Apple Inc. (NASDAQ:AAPL) was extraordinarily inexpensive on a free cash flow basis and was the largest position in our strategy, exceeding 5% of the portfolio.”