5 Best Stocks To Buy Before Recessions

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This article presents an overview of the 5 Best Stocks To Buy Before Recessions. For a detailed overview of such stocks, read our article, 13 Best Stocks To Buy Before Recessions.

5. Apple Inc (NASDAQ:AAPL)

Number of Hedge Fund Investors: 134

Apple Inc (NASDAQ:AAPL) is one of the best stocks to own during or before recessions as well as during market bull runs since Apple Inc’s (NASDAQ:AAPL) products have a strong demand which is expected to remain robust for decades to come. Apple Inc (NASDAQ:AAPL) is also a dividend payer with years of consistent payments and a strong growth track record.

Apple Vision Pro is the latest Apple Inc (NASDAQ:AAPL) product to create waves around the world. Wedbush’s Dan Ives recently said he’s surprised to see a strong demand for the headset.

“While price points are clearly high at $3,500 with a limited audience outside of developers out of the gates, we are surprised at the early mass market appeal Vision Pro is sparking with a jaw dropper 600 apps (and counting) built for Vision Pro well above expectations,” Ives said in a note. He has a $250 price target on the stock.

Bireme Capital stated the following regarding Apple Inc. (NASDAQ:AAPL) in its fourth quarter 2023 investor letter:

“We also shorted Apple Inc. (NASDAQ:AAPL) in Q3. At our average price of around $190 per share, Apple traded at 30x peak earnings and a $2.8 trillion market cap. While Apple is indeed a magnificent company, this valuation is simply too rich for a business with a substantial cyclical component. The company is projected to grow revenue at a mere 4% rate between 2022 and 2026. We think the total return on Apple stock will be lower than the market, and especially our long positions, over the next few years.”

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