These 5 Stocks are Plummeting After the Fed’s Latest Rate Hike

3. Apple Inc. (NASDAQ:AAPL)

Number of Hedge Fund Holders: 128

Most analysts consider Apple Inc. (NASDAQ:AAPL) a high-quality stock that could steer through any uncertain macro environment better than others. However, Apple shares also slipped over two percent on Wednesday, September 21, after the Fed’s latest rate hike.

However, the drop seems to be a part of a broader sell-off on Wall Street. Apple Inc. (NASDAQ:AAPL) shares are expected to regain their lost value, given the strong fundamentals of the smartphone giant.

Meanwhile, Apple Inc. (NASDAQ:AAPL) continues to enjoy the solid demand for its products despite macroeconomic challenges. Its recently launched iPhone 14 is also reportedly performing well.