Starter Stock Portfolio: 5 Safe Stocks To Buy

4. Apple Inc. (NASDAQ:AAPL)

Number of Hedge Fund Holders: 135

Apple Inc. (NASDAQ:AAPL) remains one of the top choices of retail and hedge fund investors. It is a key part of all the total market ETFs and is considered among the safest stocks, thanks to Apple Inc. (NASDAQ:AAPL)’s active strategy to diversify its business and revenue streams. According to the latest media reports, Apple Inc. (NASDAQ:AAPL) is planning to spend $1 billion annually on movies that would be released in theaters.

Apple Inc. (NASDAQ:AAPL) is already spending heavily on its streaming service. Apple Inc. (NASDAQ:AAPL)’s software and services arm is also growing. All of this is part of Apple Inc. (NASDAQ:AAPL)’s efforts to cut its reliance on its core iPhone business.