5 Best Undervalued Stocks To Buy Now

4. Apple Inc. (NASDAQ:AAPL)

Number of Hedge Fund Holders: 128

Apple Inc. (NASDAQ:AAPL) hasn’t declined as much as the S&P 500 or the NASDAQ this year and the stock still trades at a rather premium forward P/E ratio of 21.48. Nevertheless, Apple Inc. (NASDAQ:AAPL) is still considered an undervalued stock given its earnings per share growth potential in the future and its steady history of capital returns over the years. In the second quarter alone, Apple Inc. (NASDAQ:AAPL) repurchased $24.56 billion of its own shares. In the last 12 months, the company has bought back over $91 billion.