Conservative Stock Portfolio: 5 Best Stocks To Buy

1. Apple Inc. (NASDAQ:AAPL)

Number of Hedge Fund Holders: 120

Apple Inc. (NASDAQ:AAPL) is the largest tech company in the world. Analysts expect Apple Inc. (NASDAQ:AAPL) to cross $3 trillion in market capitalization before the end of the year. However, the rise of a new virus variant, which has led to store closures in some regions of the world, could upset growth plans. However, the release of new products, including an AR headset, could more than offset some of these concerns for Apple Inc. (NASDAQ:AAPL). 

Morgan Stanley analyst Katy Huberty has an Overweight rating on Apple Inc. (NASDAQ:AAPL) stock with a price target of $200. The analyst notes that major smartphone markets like China were posting high iPhone shipment growth, pointing to surprising upside in phone production for Apple Inc. (NASDAQ:AAPL). 

At the end of the third quarter of 2021, 120 hedge funds in the database of Insider Monkey held stakes worth $146 billion in Apple Inc. (NASDAQ:AAPL), compared to 138 in the preceding quarter worth $146 billion.

In its Q1 2021 investor letter, Distillate Capital, an asset management firm, highlighted a few stocks and Apple Inc. (NASDAQ:AAPL) was one of them. Here is what the fund said:

“Apple is an even more notable situation and one that highlights our free cash valuation methodology and bears further discussion given its Q3 ‘20 sale from our strategy. For an extended period, Apple was extraordinarily inexpensive on a free cash flow basis and was the largest position in our strategy, exceeding 5% of the portfolio.” 

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