Warren Buffett and Jim Cramer Love These 5 Stocks

Page 5 of 5

1. Apple Inc. (NASDAQ:AAPL)

Warren Buffett’s Stake Value: $156,753,093,002

Apple Inc. (NASDAQ:AAPL) ranks 1st in our list of the stocks loved by both Jim Cramer and Warren Buffett. A few weeks ago Jim Cramer talked in detail on the reasons why he’s so bullish on Apple Inc. (NASDAQ:AAPL) stock. Cramer said that he likes to hold Apple Inc. (NASDAQ:AAPL) stock and not trade it. Cramer criticized analysts and journalists who remain skeptical on Apple Inc. (NASDAQ:AAPL) stock. He praised Apple Inc. (NASDAQ:AAPL)’s growing services revenue and said he’s looking at Apple’s strengths in emerging markets where users are paying Apple not only for the iPhone but also for the extra services.

Warren Buffett is a long-term fan of Apple Inc. (NASDAQ:AAPL). His hedge fund reported owning a $157 billion stake in Apple Inc. (NASDAQ:AAPL) as of the end of the September quarter.

RiverPark Advisors made the following comment about Apple Inc. (NASDAQ:AAPL) in its Q3 2023 investor letter:

“Apple Inc. (NASDAQ:AAPL): Apple shares were a top detractor in the quarter following reports of the Chinese government banning iPhone use by government employees. Additionally, while the iPhone 15 rollout went generally as expected, the market was underwhelmed by the upgrades in the new phone. Despite these overhangs, early reports from the supply chain seem to indicate demand for the new phone is in line with or better than investor expectations. In August, the company reported a broadly in-line fiscal 3Q23 with $82 billion of revenue and $24 billion of free cash flow. High margin Services Revenue continues to grow faster than the overall business leading to gross and operating margin expansion.

With an installed base of 2 billion active devices and significant growth of the company’s recurring revenue Services segment (now 18% of revenue), we believe that Apple remains one of the most innovative, best positioned and most profitable companies in the mobile technology industry.”

You can also take a peek at 25 Worst States for Human Trafficking in America and 20 Most Common Places to Get Kidnapped.

Page 5 of 5