Ken Fisher Stock Portfolio: Top 10 Stock Picks

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1. Apple Inc. (NASDAQ:AAPL)

Stake Value as of Q4 2024: $14,847,413,073

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.

The stock has crashed nearly 8% over the past week as markets tumbled over concerns about ongoing tariffs. Investor sentiment has also been hurt by delays in upgrading Siri with AI. On March 12, Morgan Stanley cut Apple Inc. (NASDAQ:AAPL)’s price target to $252 per share from $275. Analysts at Citi also expect the delay to affect iPhone sales.

However, Apple Inc. (NASDAQ:AAPL) is hopeful that the launch of the iPhone 16e, which offers artificial intelligence features at a dramatically lower price compared to its standard flagships, will 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 Indonesian government to resume iPhone 16 sales in the country. Jakarta had banned Apple Inc. (NASDAQ:AAPL) from selling the smartphone in the country due to a regulation mandating that phones and tablets being sold in Indonesia must have at least 40% locally-produced components.

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 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.

Wall Street analysts are bullish on the stock with a consensus Buy rating. According to Insider Monkey’s database for Q4 2024, 166 hedge funds held a stake in the company, up from 158 at the end of the third quarter. It is the top pick from the Ken Fisher stock portfolio.

Overall, Apple Inc. (NASDAQ:AAPL) ranks first among the Ken Fisher Stock Portfolio: Top 10 Stock Picks. While we acknowledge the potential of technology companies, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than AAPL but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires 

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