Top 5 Most Popular Stocks Among Financial Advisors Last Week

#2 Netflix Inc. (NASDAQ:NFLX)

The world’s leading Internet television network has seen its shares advance by a whopping 167% so far this year. Netflix Inc. (NASDAQ:NFLX)’s core growth strategy involves growing its streaming membership business worldwide, and the company has been successful in pursuing this strategy so far. Netflix’s third-quarter revenues from the domestic streaming segment totaled $1.06 billion, which denoted an increase of 21% year-over-year. This increase was mainly attributable to the 17% growth in the average of number of paid memberships and increase in average monthly revenue per membership due to pricing changes. Nevertheless, the strong U.S. dollar has negatively impacted Netflix’s financial performance this year, as most of its international revenues and only a minor share of its expenses are denominated in other currencies. Andreas Halvorsen’s Viking Global added a 4.52 million-share position in Netflix Inc. (NASDAQ:NFLX) during the third quarter.

#1 Apple Inc. (NASDAQ:AAPL)

Expectedly, Apple Inc. (NASDAQ:AAPL) was the most scrutinized stock by financial advisors last week. The shares of Apple are 5% in green year-to-date and are trading at a cheap trailing P/E ratio of 12.64. Some investors would claim that Apple has a fair valuation at the moment, as it seems to reflect the risks associated with Apple’s ability to continually design and introduce new products, services and technologies that can attract new customer demand. At the end of the day, Apple does not operate as an utility company that usually signs contracts for ten or more years to deliver the produced outcome. The majority already knows that Apple is currently working on its new iPhone, which will most likely provide evidence on whether the company is able to create new products that can appeal customers. Reportedly, Apple is testing at least five different iPhone models, but it remains to see whether the iPhone 7 will attract as much attention and demand as the previous models, and whether Carl Icahn’s prophecy of $240 per Apple share will be fulfilled. The billionaire activist investor owns 52.76 million shares of Apple Inc. (NASDAQ:AAPL) as of September 30.

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