5 Best Most Active Stocks To Buy Now

2. Apple Inc. (NASDAQ:AAPL)

Average 3-Month Volume: 86.47 million

Number of Hedge Fund Holders: 140

Apple Inc. (NASDAQ:AAPL) is a Cupertino, California-based tech giant that has the highest market capitalization in the world as of 2022.

In a note issued to investors on December 27, Samik Chatterjee at JPMorgan highlighted that the supply of iPhone Pro models has started to improve slowly as the Chinese economy has eased its zero-COVID policy. This has resulted in a reduction in lead times in China. The analyst noted that iPhone premium models are available at stores for immediate pickup for the first time since their launch. There is a widespread belief that the supply is now coming in line with demand. The analyst maintained an Overweight rating on Apple Inc. (NASDAQ:AAPL) stock with a $190 target price.

Here’s what TimesSquare Capital Management said about Apple Inc. (NASDAQ:AAPL) in its Q3 2022 investor letter:

“Apple Inc. (NASDAQ:AAPL) designs and manufactures smartphones, personal computers, tablets, and wearable devices. The company reported better than expected revenues, though that came from a lower-than-expected supply chain impact. Apple called out pockets of weakness in wearables as well as home & accessories. Management referenced macroeconomic uncertainty and sounded somewhat guarded when commenting on fourth quarter expectations. In September, Apple introduced four new iPhones with retail prices kept at last year’s levels. Its shares edged forward by 1% in consideration of these developments. We trimmed the position after evaluating the channel which highlighted some consumer demand choppiness.”