5 Most Profitable Blue Chip Stocks to Buy

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1. Apple Inc. (NASDAQ:AAPL)

Trailing Twelve Month Net Income: $77 billion

Any talk about the most profitable companies would be incomplete without Apple Inc. (NASDAQ:AAPL), whose revenues match the Saudi state owned oil giant Aramco. January has seen a lot of bad news for the firm’s investors as the stock has been downgraded by Barclays, DA Davidson, and Redburn Atlantic.

134 out of the 910 hedge funds part of Insider Monkey’s Q3 2023 research had bought and owned Apple Inc. (NASDAQ:AAPL)’s shares. Warren Buffett’s Berkshire Hathaway was the biggest shareholder due to its $156 billion stake.

Follow Apple Inc. (NASDAQ:AAPL)

Disclosure: None. You can also take a look at Farallon Capital: A Global and Diversified Hedge Fund and its Top Stock Picks and 25 Best Dividend Growth Stocks to Buy and Hold in 2024.

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