5 Stocks That Will Make You Rich in 5-10 Years

This article presents an overview of the 5 Stocks That Will Make You Rich in 5-10 Years. For a detailed overview of such stocks, read our article, 11 Stocks That Will Make You Rich in 5-10 Years.

5. Apple Inc (NASDAQ:AAPL)

Number of Hedge Fund Investors: 134

Apple Inc (NASDAQ:AAPL) is one of the notable stocks many analysts and finance experts believe has the potential to make on rich in the next few years. Keith Fitz-Gerald, principal at the Fitz-Gerald Group, recently said in a program on CNBC he doesn’t “get” the skepticism around Apple Inc (NASDAQ:AAPL). The analyst said there are about 240 million iPhones due for an upgrade, while Apple Inc (NASDAQ:AAPL) has a billion paid subscribers and several other long-term growth catalysts. He said he’d be “perfectly happy” buying more shares.

Jim Cramer has also time and again said in his programs that Apple Inc (NASDAQ:AAPL) is a stock to buy and hold.

In its fourth quarter 2023 investor letter, ClearBridge Dividend Strategy stated the following regarding Apple Inc. (NASDAQ:AAPL):

“We meaningfully reduced our exposure to Apple Inc. (NASDAQ:AAPL) in 2023. Apple is the largest company in the world and produces terrific products that engage users for hours each day. Despite the company’s size, ubiquity and relevance, however, Apple’s growth has slowed dramatically. Its fiscal 2023 earnings were flat with those of 2022. Apple trades at 30x earnings; sustaining that multiple will require a meaningful acceleration in revenues. While such an improvement is possible, we do not see any obvious catalysts for adding tens of billions of dollars to Apple’s topline. Consequently, the risk-reward skews negatively.”