5 Trending Stocks to Watch on Monday

3. Apple Inc. (NASDAQ:AAPL) has gained 3.28% as of 1:10 PM ET after David Vogt at UBS reported that a survey conducted by the Swiss investment firm saw the highest purchase intent for the iPhone in China. The demand has reportedly risen by around 6% YoY to its highest level in the last six years. This reflects that the iPhone 13 will gain more market share from the local brands. Meanwhile, the analyst also revealed a decline of 4% YoY in the purchase intent of the iPhone in the US market. The overall retention rate of the iPhone stands at 78% in China and 87% in the US. The analyst gave Apple Inc. (NASDAQ:AAPL) stock a Buy rating with a target price of $185.

Apple Inc. (NASDAQ:AAPL) was mentioned in the Q4 2021 investor letter of ClearBridge Investments. Here’s what the firm said:

“Despite these mixed emerging growth results, the ClearBridge Global Growth Strategy outperformed the benchmark due to resilience among our secular and structural growth holdings. The bulk of these contributions came from U.S. mega-cap growth stocks Apple and Microsoft which continued to uniquely act both offensively and defensively as they have through most of the pandemic.”

Apple Inc. (NASDAQ:AAPL) is one of the most widely owned stocks, with 134 hedge funds having a stake in it as of Q4 2021.