5 Stocks To Invest In According To Claes Fornell

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1. Apple Inc. (NASDAQ:AAPL)

CSat Investment Advisory’s Stake Value: $5.85 million
Percentage of CSat Investment Advisory’s 13F Portfolio: 4.92%
Number of Hedge Fund Holders: 138

Apple Inc. (NASDAQ:AAPL) is placed first on our list of the 10 stocks to invest in according to Claes Fornell. The California-based company operates as a technology firm with a large stake in the consumer electronics business.

On October 8, Morgan Stanley analyst Katy Huberty maintained an Overweight rating and $168 price target on Apple Inc. (NASDAQ:AAPL) shares.

By the end of the second quarter of 2021, Claes Fornell held over 47,965 shares in Apple Inc. (NASDAQ:AAPL), worth more than $5.85 million. These shares represented 4.92% of his hedge fund’s portfolio value. According to our database, 138 hedge funds were long Apple Inc. (NASDAQ:AAPL) in the second quarter of 2021, compared to 127 funds in the preceding quarter.

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 read about 10 Best Robinhood Stocks Under $20 and Hedge Funds are Selling These 10 Chinese Stocks Amid Crackdowns.

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