5 Best Stocks to Buy According to Warren Buffett

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1. Apple Inc. (NASDAQ: AAPL)

Number of Hedge Fund Holders: 138   

Apple Inc. (NASDAQ: AAPL) is ranked first on our list of 10 best stocks to buy according to Warren Buffett. The firm operates as a technology company and is based in California. Buffett owns more than 887 million shares in the technology company through Berkshire Hathaway that are worth more than $121 billion, representing 41.46% of the investment portfolio. 

On July 28, investment advisory Loop Capital reiterated a Buy rating on Apple Inc. (NASDAQ: AAPL) stock and raised the price target to $165 from $150, noting that the firm was positioned for a stronger than expected second half of the year. 

At the end of the second quarter of 2021, 138 hedge funds in the database of Insider Monkey held stakes worth $145 billion in Apple Inc. (NASDAQ: AAPL), up from 127 in the preceding quarter worth $130 billion.

In its Q1 2021 investor letter, Distillate Capital, an asset management firm, highlighted a few stocks and Apple Inc. (NASDAQ: AAPL) was one of them. Here is what the fund said:

“Apple is an even more notable situation and one that highlights our free cash valuation methodology and bears further discussion given its Q3 ‘20 sale from our strategy. For an extended period, Apple was extraordinarily inexpensive on a free cash flow basis and was the largest position in our strategy, exceeding 5% of the portfolio.”

You can also take a peek at 10 Penny Stocks Redditors are Buying in August and 10 Best Nickel Stocks to Buy Now.

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