#7 - Apple (NASDAQ:AAPL)
If you’re more interested in something on the tech side of things, you can still look at Apple (NASDAQ:AAPL). First, after the company’s three-for-one stock split in late summer, shares are attractively priced and still up 77% for the year.
Second, the company just launched the latest version of its iPhone (the iPhone 12). And to say the response has been strong is an understatement. In October the iPhone 12 made up 24% of the 5G smartphone market worldwide even though it had only been launched for two weeks. The company was smart and aggressive in pricing the devices and with the addition of 5G technology, plus an established core of users on an upgrade cycle, the match was lit.
New stimulus dollars could very well be the inflection point for even stronger sales. And don’t forget the company continues to gain traction in areas such as wearables and services. The services business alone recorded 16% year-over-year growth in 2020.
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
- $229.87
- Consensus Rating
- Moderate Buy
- Ratings Breakdown
- 23 Buy Ratings, 11 Hold Ratings, 2 Sell Ratings.
- Consensus Price Target
- $235.25 (2.3% Upside)
Investors can probably add their own stocks to this list. There are many stocks that will benefit from consumers having a bit more purchasing power. However, I should state very clearly that if you are among the millions of Americans receiving a stimulus check, your first priority should be to pay bills and to add to your emergency funds.
This presentation is primarily aimed at higher-income individuals who aren’t going to receive a stimulus check but can profit from the companies that stand to benefit. And it’s also aimed at individuals for whom the stimulus provides them with an opportunity to invest.
Like many events that happened in 2020, this latest round of stimulus is by definition, a stimulant. There are many other reasons to be optimistic about the prospects for equities for 2021. However, additional direct payments to millions of Americans can help get the ball rolling. And by investing in these companies, you can ensure that your portfolio gets off to a strong start.
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