5 Best Stock to Buy in 2021 According to Billionaire D.E. Shaw

4. Apple Inc. (NASDAQ: AAPL)

Apple Inc. (NASDAQ: AAPL) is a California-based technology company that primarily manufactures and sells electronic devices. It also has stakes in the cloud computing, navigation, and computer software and hardware businesses. More than a billion Apple devices are in use around the world and the firm also owns the largest online music retainer in the world, the iTunes service. It recently launched a digital streaming service as well. Apple is known as the most valuable brand in the world because of its popularity and size. 

The firm has a market cap of more than $2.23 trillion and posted more than $274 billion in revenue in September 2020. Earlier this month, Swiss investment banking group UBS maintained a Buy rating on Apple stock, projecting good earnings for the company in the next six months as it prepares to launch new products like the latest versions of the iPad and iPhone, two of the best-selling Apple products on the market. Apples features fourth on our list of top 10 stock picks of billionaire David E Shaw.

At the end of the fourth quarter of 2020, 146 hedge funds out of 887 in the Insider Monkey database held stakes in Apple, up from 134 out of 817 in Q3 2020. The total value of the shares held by these hedge funds in Q4 2020 was over $141 billion, up from $127 billion in the preceding quarter. As of February 2021, DE Shaw Capital Holdings held 11,178, 923 shares of Apple, with a total value of over $1.4 billion. The hedge fund holds more than 1% of the total shares in the California-based technology firm.