7 Best Money Making Stocks To Buy Now

5. Apple Inc. (NASDAQ:AAPL)

Market Cap: $3.71 trillion

ROE: 136.52%

ROI: 63.80%

Number of Hedge Fund Holders: 166

Apple Inc. (NASDAQ:AAPL) is known for its consumer electronics, software, and other related products. Its premium line of products, which includes the iPhone, iPad, Mac computers, and a range of other accessories, has earned the company widespread acclaim and customer loyalty.

On January 30, Apple Inc. (NASDAQ:AAPL) reported financial results for the first quarter of fiscal 2025. Despite a 1% dip in iPhone sales due to weakness in Greater China, the company’s gross margin reached a record 46.9%, driven by a flourishing services business. Total revenue stood at $124.3 billion, up 4% year-over-year, while quarterly diluted EPS grew 10% to $2.40 per share.

Apple Inc. (NASDAQ:AAPL) recently launched the iPhone 16e, which will offer artificial intelligence features at a dramatically lower price compared to its standard flagships. The company is hopeful this would help in bolstering demand for its most profitable product lineup through a more affordable option.

The tech giant has also reached an agreement with the government of Indonesia to resume iPhone 16 sales in the country. Jakarta had banned Apple Inc. (NASDAQ:AAPL) from selling the smartphone in Indonesia due to a regulation mandating that phones and tablets being sold in Indonesia must have at least 40% locally-produced components. In December, the company announced plans to invest $1 billion in a manufacturing plant in the Asian country.

Considering its impressive ROI and ROE, Apple Inc. (NASDAQ:AAPL) is one of the best money making stocks to buy now. Wall Street analysts maintain a positive outlook for the company, with a consensus Buy rating. Investor sentiment remains strong. According to Insider Monkey’s database for Q4 2024, 166 hedge funds held a stake in the company, an improvement from 158 at the end of Q3.