#6 - Apple (NASDAQ:AAPL)
Apple is another company that does not issue a dividend, but is very worthy of being on this list. I’ve been bullish on Apple (NASDAQ:AAPL) for some time. To put it mildly, I love the company’s products. But that’s not the reason to buy the stock. It’s the fact that other people millions of others also like Apple products. The company’s Air Pods alone were one of the hottest gifts this past holiday season.
The company is expecting to see robust demand for 5G iPhones which are due out later this year. And this comes after Apple had stronger than expected demand for its Series 11 iPhones. Plus, the company continues to see growth in its Services business. This is giving the company a more diverse revenue stream.
To be sure, the company is one that has its supply chain affected by the Covid-19 virus. Despite assurances by CEO Tim Cook that the company will have product available, that remains to be seen. But this is about the long term. And Apple has been confounding its critics for years. This is a company with a proven track record, solid sales in the present, and a future that continues to look bright.
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
- $212.49
- Consensus Rating
- Moderate Buy
- Ratings Breakdown
- 23 Buy Ratings, 11 Hold Ratings, 1 Sell Ratings.
- Consensus Price Target
- $207.47 (2.4% Downside)
