We recently published a list of 10 Tech Stocks That Trump’s Fellow Republican Bought Amid Market Rout. In this article, we are going to take a look at where Apple Inc. (NASDAQ:AAPL) stands against other tech stocks that Trump’s fellow Republican bought amid market rout.
Keeping track of politicians’ stock investments is a good way of determining which stocks may receive favorable policy treatment from the government down the road. By looking at the committees these politicians sit in, and the policy matters they are dealing with, investors can gain insights into what’s to follow for certain industries.
The STOCK Act requires these politicians to report their trades within 45 days of placing them. These disclosures are then made public, making the process as transparent as possible. While looking at some recent disclosures, we noticed certain politicians who stood out. One such politician was Trump’s fellow Republican Marjorie Taylor Greene, who bought stocks on the 3rd and 4th of April, two days when the S&P lost over 10% of its value!
Some of these stocks have already recovered from their lows hit that day, showing how Ms Greene was able to buy stocks that recovered swiftly despite the broader market continuing to struggle.
To come up with our list of 10 tech stocks that Trump’s fellow Republican bought amid the market rout, we looked at the Republican’s two recent filings on the 7th and 11th of April, where she reported these trades. We then ranked them by the number of hedge funds that hold the company’s stock in their portfolio.
Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (see more details here).
A wide view of an Apple store, showing the range of products the company offers.
Apple Inc. (NASDAQ:AAPL)
Number of Hedge Fund Holders: 166
Apple Inc. is a manufacturer, designer, and marketer of tablets, smartphones, wearables, personal computers, and accessories. It provides iPad, iPhone, Mac, and wearables. The company also offers AppleCare support and cloud services and operates different platforms.
A few days ago, the firm received an upgrade from KeyBanc Capital Markets to Sector Weight from Underweight. The upgrade came as the Trump administration announced a temporary exemption on tariffs for Chinese electronics. According to KeyBanc analysts led by Brandon Nispel, an exception on smartphones from tariffs is likely the most optimistic scenario they could think of. As a result of this upgrade, the stock surged about 6%.
Similar sentiment was highlighted by other analysts. Wedbush reiterated its Outperform rating with a price target of $250 on the company. Wedbush analyst Daniel Ives commented:
“From all the chaos and confusion, our 4 takeaways for the likes of Apple in particular, are that Apple has one to two months to plan its supply chain for a tariff component with India likely the biggest focus area for expanded iPhone production; the company gets some breathing room so it does not have to automatically start passing massive price increases to U.S. consumers.”
Despite this analyst optimism, there is no doubt that with stagnant revenue growth, tariff risk, and high valuation, Apple isn’t the most attractive investment out there and continues to remain under pressure.
Overall, AAPL ranks 2nd on our list of tech stocks that Trump’s fellow Republican bought amid market rout. While we acknowledge the potential of AAPL as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns, and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than AAPL but that trades at less than 5 times its earnings, check out our report about this cheapest AI stock.
READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.
Disclosure: None. This article is originally published at Insider Monkey.
