#4 - Apple (NASDAQ:AAPL)
Although technology stocks in general stand to underperform if the Fed begins to taper, that’s not true in all cases. If you use ROE as a metric then you have to at least consider Apple (NASDAQ: AAPL) which has an ROE of 131%.
Apple delivered a surprisingly strong earnings report that further proves that the company is much more than the company that makes the iPhone. The last several years have proven to investors that the company is garnering significant revenue from its Services and Wearables business units.
However, it also doesn’t hurt that the company was able to launch the iPhone 12 in 2020. And, despite supply chain difficulties, the company is planning to launch the iPhone 13 in 2021.
Apple has also been one of the most upgraded stocks by analysts in the month of August. Analysts have much more access to company insiders. And with the Fed tapering being a known risk, the fact that analysts remain bullish is a strong catalyst for the stock.
About Apple
Apple Inc designs, manufactures, and markets smartphones, personal computers, tablets, wearables, and accessories worldwide. The company offers iPhone, a line of smartphones; Mac, a line of personal computers; iPad, a line of multi-purpose tablets; and wearables, home, and accessories comprising AirPods, Apple TV, Apple Watch, Beats products, and HomePod.
Read More - Current Price
- $254.49
- Consensus Rating
- Moderate Buy
- Ratings Breakdown
- 24 Buy Ratings, 11 Hold Ratings, 2 Sell Ratings.
- Consensus Price Target
- $236.78 (7.0% Downside)
