5 Best Stocks to Invest Your $1000

2. Apple Inc. (NASDAQ: AAPL)

Number of Hedge Fund Holders: 127

Apple Inc. (NASDAQ: AAPL) remains one of the safest options to invest your $1000 as the company goes through major transformations to cut its reliance on iPhone and create new revenue streams like software, services, streaming and self-driving cars.  The company reportedly plans to launch a new iPad mini this year and also eyes to announce a new iPad Pro with wireless charging in 2022, according to Bloomberg. Media reports also suggest that Apple (NASDAQ:AAPL) is in talks with Chinese EV battery makers CATL and BYD for battery-related supply deals for Apple Car.

Warren Buffett’s Berkshire Hathaway currently holds 887.1 million shares of Apple that amounts to $108.4 billion. AAPL occupies 40.07% of Berkshire’s total portfolio.

ClearBridge Investments, in its Q1 2021 investor letter, mentioned Apple Inc. (NASDAQ: AAPL). Here is what the fund said:

“As we actively manage holdings and position sizes, we look to regularly recycle capital into more compelling opportunities. Maintaining our valuation discipline, we sharply reduced our position in Apple, whose shares more than doubled following our initial purchase in mid-2019 with an earnings multiple rising from the low-to-mid teens to nearly 30x.”