#4 - Apple (NASDAQ:AAPL)
Apple Inc. (NASDAQ: AAPL) hasn't been getting much love in 2024. However, that didn't stop it from being one of the top stocks purchased by members of Congress. In the last 90 days, there have been three separate purchases by three different members.
It's not hard to make a bullish case for AAPL stock. Despite its recent downtrend, it remains one of the most widely held stocks, including by Warren Buffett. Many investors own Apple in one or more funds. And while Nvidia Corporation (NASDAQ: NVDA) may have overtaken it by market cap, Apple still moves markets.
The purchases were made before the company's recent earnings report and launch of Vision Pro. The device is getting mixed reviews, but Apple has historically been about the long game. It wasn't the first in many markets, but it has consistently figured out how to be the best.
That could very well be the case with artificial intelligence (AI). It's too early to tell, but for now, this seems like an understandable buy.
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
- $242.21
- Consensus Rating
- Moderate Buy
- Ratings Breakdown
- 24 Buy Ratings, 10 Hold Ratings, 3 Sell Ratings.
- Consensus Price Target
- $237.64 (1.9% Downside)
