10 Best Magic Formula Stocks for 2025

2. Apple Inc. (NASDAQ:AAPL)

Number of Hedge Fund Holders: 166

Gotham Asset Management’s Q4 2024 Stake: $155.46 million

Apple Inc. (NASDAQ:AAPL) is a global technology firm best known for its main products, the iPhone, Mac, and Apple Watch, as well as its vast suite of services, which includes Apple Music and iCloud. The company has also made strides in the AI sector by introducing its intelligence system, Apple Intelligence.

On February 4, JPMorgan reiterated its Overweight rating and $270 price target for Apple Inc. (NASDAQ:AAPL), citing Sensor Data data that showed Apple’s App Store sales increased by 2.7% month-over-month in January, exceeding the historical average growth rate of 2.3% from December to January.

In the first quarter of 2025, the tech giant reported quarterly revenues of $124.3 billion, up 4% year on year, and quarterly diluted profits per share of $2.40, up 10% year-over-year. Apple CEO Tim Cook described this as the company’s “best quarter ever.”

In its third quarter 2024 investor letter, Madison Investments said the following regarding Apple Inc. (NASDAQ:AAPL):

“Alphabet Inc., Eli Lilly and Company, Qualcomm Incorporated, Microsoft Corporation, and Apple Inc. (NASDAQ:AAPL) were the largest detractors. Apple has been volatile in the last quarter but ended on strength. Early in the quarter, Apple benefited from the introduction of their AI strategy, Apple Intelligence. They followed in September with the new iPhone 16, which also created some excitement. We are underweight to Apple, which has resulted in a headwind for performance.”