5 Best Magic Formula Stocks To Buy Now

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1. Apple Inc (NASDAQ: AAPL)

Gotham Asset Management went bullish on Apple in the third quarter, increasing its hold in the company by as much as 222%. The fund owns 625,518 shares of Apple worth $72.44 million.

Apple started a timely transition towards software and services after facing stalling iPhone demand a couple of years ago. In the third quarter, the company’s services business grew by about 13%.

Morgan Stanley analyst recently maintained an Outperform rating for Apple with a $144 price target, citing a stronger-than-expected demand of iPhone in China. Apple ranks 9th among the 30 most popular stocks among hedge funds.

Please also see 10 Best Value Stocks To Buy Now and 15 Best Long-term Stocks To Buy Now.

Disclosure: None.

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