5 Stocks That Will Skyrocket

In this article, we will take a look at the 5 stocks that will skyrocket. To see more such companies, go directly to 10 Stocks That Will Skyrocket.

5. Apple Inc. (NASDAQ:AAPL)

Number of Hedge Fund Holders: 135

Apple is one of the top stocks analysts believe are expected to double in the next 5 to 10 years because of its massive foray into software, services and apps. Apple is always innovating and chances are the company will come up with more streams of income to cut its reliance on its flagship device iPhone, which is still posting strong sales.

As of the end of the second quarter of 2023, 135 hedge funds out of the 910 funds tracked by Insider Monkey reported owning stakes in Apple. The biggest stakeholder of the company was Warren Buffett’s Berkshire Hathaway which has a $178 million stake in the company.

Aristotle Large Cap Growth Strategy made the following comment about Apple Inc. (NASDAQ:AAPL) in its Q3 2023 investor letter:

“Apple Inc. (NASDAQ:AAPL) contributed to outperformance in the third quarter, as a result of the underweight position relative to the benchmark. Following a very strong first-half performance, the stock saw a pullback ahead of the iPhone 15 launch, as investors weigh the potential growth from the new phone in the face of macroeconomic headwinds and slowing consumer spend.”