Why These 5 Stocks Are Trending on Monday

4. Apple Inc. (NASDAQ:AAPL) has tumbled 1.4% as of 11:53 AM ET after its key supplier Foxconn had to close down its operations, until further notice, after the Chinese government locked down Shenzhen city due to a rising number of COVID-19 cases. The Chinese government has a zero-COVID policy and still resorts to measures like lockdowns and mass testing on a massive scale. There have been reports that the government is allowing plants to continue operations if they can ensure that the employees are working and living in a bubble. Such development creates supply chain issues for corporations like Apple Inc. (NASDAQ:AAPL). As of Q4 2021, 134 hedge funds held a position in Apple Inc. (NASDAQ:AAPL), up from 120 in the previous quarter.