Obama Stock Portfolio: 5 Stocks to Consider

In this article, we discuss the 5 stocks to consider in the portfolio of Barack Obama. If you want to read our detailed analysis of these stocks, go directly to Obama Stock Portfolio: 10 Stocks to Consider.

5. Apple Inc. (NASDAQ:AAPL)

Number of Hedge Fund Holders: 138  

Apple Inc. (NASDAQ:AAPL) recently unveiled new generations of two important products, the MacBook and AirPods, at an event in California. However, since the event did not feature a “new” product, as had been rumored, the share price of the firm only climbed around 1% after the reveal. However, Apple has other plans for growth too. It had announced earlier that it would add more shops inside Target stores before the holiday season rolls around in an attempt to sell more products during the busy time. 

JPMorgan analyst Samik Chatterjee has an Overweight rating on Apple Inc. (NASDAQ:AAPL) stock with a price target of $180. The analyst believes the company will deliver a “solid” earnings beat in the fourth quarter based on sales of the new iPhone. 

At the end of the second quarter of 2021, 138 hedge funds in the database of Insider Monkey held stakes worth $145 billion in Apple Inc. (NASDAQ:AAPL), up from 127 in the preceding quarter worth $131 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.”