5 Best Stocks to Buy Now for Good Returns

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1. Apple Inc. (NASDAQ:AAPL)

Number of Hedge Fund Holders: 170

Berkshire Hathaway Stakes: $57.84 Billion

Apple Inc. (NASDAQ:AAPL) is one of the best stocks to buy now for good returns. On June 23, Apple Inc. (NASDAQ:AAPL) opened investigations after a ransomware group claimed to have published files linked to the company and electric vehicle company Tesla.

The leaked information allegedly dates back to 2021, and does not contain critical or sensitive operational data. Reuters reported that the authenticity and scope of the purported data had not been independently verified. Apple’s global cybersecurity team is evaluating the incident as it seeks to identify the root cause and put additional safeguards in place where possible.

Meanwhile, on June 22, Bank of America reiterated that the just-concluded Apple WWDC announcement represented a material positive reset to the company’s AI strategy, which is underappreciated. According to the research firm, the new Siri AI is positioned as a context-aware multimodal cross-app assistant embedded across the Apple ecosystem. The research firm maintains a Buy rating on the stock and a $380 price target.

Apple Inc. (NASDAQ:AAPL) is an American multinational technology company that designs, manufactures, and sells consumer electronics, computer software, and online services. It is best known for iconic hardware such as the iPhone, Mac computers, iPad, Apple Watch, and AirPods, as well as subscription services such as Apple Music and iCloud.

 

While we acknowledge the potential of AAPL to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than AAPL and that has 100x upside potential, check out our report about the cheapest AI stock.

READ NEXT: 15 Best AI Stocks Under $10 to Buy Now and 8 Best Stocks to Buy According to Billionaire Barry Rosenstein.

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