5 Most Buzzing Stocks to Buy Now

1. Apple Inc. (NASDAQ:AAPL)

Volume as of September 28: 146.4 Million

Average Volume (3-Month): 77.5 Million

Number of Hedge Fund Holders: 128

Apple Inc. (NASDAQ:AAPL) is the best buzzing stock on Wall Street to buy right now, having an intraday trading volume of 146.4 million, as of September 28, and an average 3-month volume of 77.5 million. Over the past 3 months, the stock has received 23 Buy and 4 Hold ratings from Wall Street analysts and has a median price target of $184, which implies a 29% upside from current levels.

On September 27, KeyBanc analyst Brandon Nispel maintained his buy-side Overweight rating and $185 price target on Apple Inc. (NASDAQ:AAPL). On September 28, UBS analyst David Vogt reiterated his $185 price target and Buy rating on Apple Inc. (NASDAQ:AAPL). Vogt noted that according to UBS Evidence Lab data suggests a “solid picture of demand” for the iPhone despite the “cross currents”.

At the end of Q2 2022, 128 hedge funds held stakes in Apple Inc. (NASDAQ:AAPL). The total value of these stakes amounted to $143 billion. As of June 30, Berkshire Hathaway owns more than 894 million shares of Apple Inc. (NASDAQ:AAPL) and is the largest investor in the company. The investment covers 40.76% of Warren Buffett’s 13F portfolio.

Here is what Distillate Capital Partners LLC had to say about Apple Inc.  (NASDAQ:AAPL) in its second-quarter 2022 investor letter:

“Apple was largest new purchase in the quarter, at a 2% weight. Apple underperformed the overall market last quarter, and given very minimal debt, this price weakness translated into a commensurate fall in its enterprise value. For stocks with higher debt levels, it takes a disproportionately bigger market cap drop to achieve the same valuation improvement and this is a key reason we avoid highly leveraged names where significant price weakness can be experienced during a revaluation process. Alongside this decline in EV for Apple, its estimated free cash flows have risen steadily throughout the year. This contrast between a falling enterprise value and rising free cash flow, which is highlighted in Figure 12, made the stock sufficiently better valued such that it entered the portfolio. While Apple’s valuation is now attractive enough to warrant inclusion in the portfolio, it still ranks in the bottom quartile of the portfolio’s holdings and so the stock’s initiating weight is capped at a 2%. This contrasts significantly with Apple’s near-7% position in the S&P 500 benchmark, and reflects both our preference to avoid too much concentration risk as well our goal of ensuring that the overall portfolio valuation is as attractive as possible while balancing characteristics of stability and low indebtedness.”

You can also take a look at 10 Best Most Active Stocks To Buy Now and 10 Best Dividend Growth Stocks.

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