5 Best Stocks For Inflation According to Redditors

2. Apple Inc. (NASDAQ:AAPL)

Number of Hedge Fund Holders: 131

Apple Inc. (NASDAQ:AAPL) is a Cupertino, California-based tech giant that excels in consumer electronics, online services, and software.

In an investor note released on July 19, Dan Ives at Wedbush highlighted that Apple Inc.’s (NASDAQ:AAPL) key numbers for Q2 2022 look achievable. The analyst added that the demand for iPhone is showing resilience despite the numerous supply chain-related challenges impacting Apple Inc. (NASDAQ:AAPL) and other tech companies. As a result, Ives thinks that the investors are looking past the company’s Q2 2022 results and focusing on the results for Q3 and Q4 as the iPhone 14 production and sale will be in full force by then. Apple Inc. (NASDAQ:AAPL) is working aggressively on broadening its product and services pipeline in the coming quarters. Ives has given Apple Inc. (NASDAQ:AAPL) a target price of $200 with an Outperform rating.

Weitz Investment Management shared its outlook on Apple Inc. (NASDAQ:AAPL) in its Q1 2022 investor letter. Here’s what the investment management firm said:

“Changes to Apple’s (NASDAQ:AAPL) mobile operating system have temporarily impacted growth of Meta’s advertising business just as the company’s investments in Instagram’s “Reels” feature ramp ahead of full monetization. (Shareholders can read research analyst Jon Baker’s in-depth discussion of current events impacting Meta and reasons why we’re optimistic about the company in our recent Analyst Corner feature.) CoreCard (formerly Intelligent Systems) struggled early in the fiscal year to hire and train staff to handle growth from new and existing clients. Lately, Apple-related headlines also took a bite out of CoreCard shares, as reports suggest Apple is exploring a transition of its credit card and other financial services to internally built solutions. Such a move would create revenue headwinds for its partners, which CoreCard is widely believed to be. We are monitoring these developments and stress-testing our model accordingly.”

Beech Hill Partners held a stake worth over $9 million in Apple Inc. (NASDAQ:AAPL) during Q1 2022.