5 Stocks Making Headlines on Monday

3. Apple Inc. (NASDAQ:AAPL) has dropped 2.2% as of 11:01 AM ET after reports that the Cupertino, California-based tech giant has started manufacturing iPhone 13 units in India to diversify its supply chain from China. The production is taking place at a facility in Southern Tamil Nadu under Foxconn, a Taiwan-based manufacturing partner of Apple Inc. (NASDAQ:AAPL).

Apple Inc. (NASDAQ:AAPL) is the ninth most owned stock amongst the hedge funds covered by Insider Monkey. As of Q4 2021, 134 hedge funds held a stake in Apple Inc. (NASDAQ:AAPL).