5 Best Stocks to Buy for the Next 10 Years

1. Apple Inc. (NASDAQ:AAPL)

Number of Hedge Fund Holders: 120

Apple Inc. (NASDAQ:AAPL) is a diversified technology company. With tech firms transitioning to artificial intelligence, virtual reality, and autonomous driving, in addition to “metaverse” ideas, Apple looks set to be a key player in the emerging industry for years to come. 

Morgan Stanley analyst Katy Huberty recently raised the price target on Apple Inc. (NASDAQ:AAPL) stock to $200 from $164 and kept an Overweight rating on the shares, noting the long-term potential of a virtual reality product rumored to be launched next year.

At the end of the third quarter of 2021, 120 hedge funds in the database of Insider Monkey held stakes worth $146 billion in Apple Inc. (NASDAQ:AAPL), compared to 138 in the preceding quarter worth $146 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 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 was extraordinarily inexpensive on a free cash flow basis and was the largest position in our strategy, exceeding 5% of the portfolio.”

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