5 Best Stocks to Buy Now According to Billionaire Ken Fisher

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1. Apple Inc. (NASDAQ:AAPL)

Fisher Asset Management’s Stake Value: $8.97 billion

Percentage of  Fisher Asset Management’s 13F Portfolio: 6.35%

Number of Hedge Fund Holders: 128

Apple Inc. (NASDAQ:AAPL) is an American multinational technology company that specializes in consumer electronics, software and online services. Ken Fisher added Apple Inc. (NASDAQ:AAPL) to his portfolio back in Q4 2010. As of the second quarter of 2022, his hedge fund holds 65.7 million shares of Apple Inc. (NASDAQ:AAPL), worth $8.97 billion, making up 6.35% of his total portfolio value.

On August 19, KeyBanc analyst Brandon Nispel raised his price target on Apple Inc. (NASDAQ:AAPL) to $185 from $177 and maintained an ‘Overweight’ rating on the shares. The analyst recommends owning Apple stock and raised the price target “based on strong trends.” According to Nispel, July ended up being the strongest sequential growth month of the company’s fiscal Q4, which, based on his remarks, appears to be off to a strong start.

Apple Inc. (NASDAQ:AAPL) issued its quarterly earnings report for its fiscal third quarter of 2022 on July 28. According to the report, the tech firm had EPS of $1.20, beating market estimates by $0.04. Additionally, the company’s revenue for the quarter came in at just under $83 billion.

According to Insider Monkey’s data, 130 hedge funds were bullish on Apple Inc. (NASDAQ:AAPL) at the end of Q2, down from 132 funds in the prior quarter. Warren Buffett’s Berkshire Hathaway was Apple Inc. (NASDAQ:AAPL)’s biggest shareholder, owning 895 million shares worth approximately $122 billion.

You can also take a look at the 10 Best Websites To Research Stocks and 10 Energy Stocks to Buy Before Winter.

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