Dow Jones stock leader Apple is just above a new buy point : Alert: Investors have the opportunity to add to an existing position.

Apple Inc. NASDAQ: AAPL’s Chief Executive Tim Cook is not just a CEO, he is a great leader who supports many causes. Today he announced the Equal Justice Initiative, a non-profit focusing on racial injustice.

In his memo to employees he eloquently wrote “There is a pain deeply etched in the soul of our nation and in the hearts of millions,” he wrote. “To stand together, we must stand up for one another, and recognize the fear, hurt, and outrage rightly provoked by the senseless killing of George Floyd and a much longer history of racism.”

Apple Inc. NASDAQ: AAPL is a great company and we believe Apple Inc. stock has room to grow, even in the foreseeable future in a global pandemic. Apple Inc. NASDAQ: AAPL stock is up 43% in the last twelve months. And in its most recent quarterly report  record revenues  occurred in its services and wearable segments.

Apple is the king of cash with a record $193 billion in cash and investments and returning that to investors with dividends and buybacks worth $50 billion to its share-buyback program.

Top Four  Institutional Holders

Holder  Shares  Date Reported  % Out    Value

Vanguard Group, Inc. (The)          336,728,608        Mar 30, 2020      7.77%    85,626,717,728

Blackrock Inc.     274,684,501        Mar 30, 2020      6.34%    69,849,521,759

Berkshire Hathaway, Inc                245,155,566        Mar 30, 2020      5.66%    62,340,608,878

State Street Corporation               180,558,954        Mar 30, 2020      4.17%    45,914,336,412

Top Six  Mutual Fund Holders

Holder  Shares  Date Reported  % Out    Value

Vanguard Total Stock Market Index Fund              112,647,486        Dec 30, 2019       2.60%    33,078,934,263

Vanguard 500 Index Fund            83,444,529           Dec 30, 2019       1.93%    24,503,485,940

SPDR S&P 500 ETF Trust 48,206,920           Jan 30, 2020        1.11%    14,920,523,809

Vanguard Institutional Index Fund-Institutional Index Fund           37,771,139           Dec 30, 2019       0.87%                11,091,494,967

Fidelity 500 Index Fund 36,848,222           Jan 30, 2020        0.85%    11,404,893,191

Invesco ETF Tr-Invesco QQQ Tr, Series 1 ETF         34,016,396           Jan 30, 2020        0.78%    10,528,414,72

Profit Margin 21.35%

Revenue (ttm)  267.98B

Revenue Per Share (ttm)              60.10

Quarterly Revenue Growth (yoy)              0.50%

Gross Profit (ttm)             98.39B

 

Our Top Stock are  Walmart which is so undervalued and should be trading above $300 and Groupon (NASDAQ:GRPN) with a potential upside $50 by end of the year with strong holiday sales and retail spending. Another company we like is Google Alphabet ( NASDAQ:GOOGL ) with an upside of $2000 and Apple ( NASDQ:AAPL ) with upside of $1000.

 

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