Simultaneously, the tech giant is tapping into India’s vast middle-class market, which could lead to it tripling its sales to $20 billion by 2025. Impressively, its partnership with Goldman Sachs (NYSE: GS) to launch a high-yield savings account garnered $1 billion in deposits within four days of launching. Its strong results were driven by encouraging smartphone demand, despite the slowdown in the space.įurthermore, Apple is making strategic forays into new markets to diversify its revenue base further. Apple recently delighted shareholders by announcing a massive $90 billion buyback, while raising its quarterly dividend by 4.3% to 24 cents per share.įurthermore, it recently posted its relatively strong first quarter results, which beat estimates on sales by $2 billion, and its earnings per share by nine cents per share. Additionally, the company’s ability to reward its shareholders with its cash flow-generating machine is second to none in its niche. Tech giant Apple (NASDAQ: AAPL) continually astonishes one-and-all with its timeless products and services and its penchant for innovation. Following earnings, Maverick stock pickers such as Cathie Wood also doubled down on TSLA stock. Also, its investors have plenty to look forward to with the company, with the launch of Tesla’s much-awaited Cybertruck and the inauguration of its new manufacturing facility in Mexico.įurthermore, institutional investor sentiment surrounding the stock remains excellent, with hedge funds adding more than 700,000 of its shares to their portfolios in the first quarter. Moreover, it announced its ambitious production goals of 1.8 million to 2 million vehicles this year, which could be a significant catalyst for its stock. This number came in comfortably ahead of the 421,164 deliveries expected by its analysts. The company delivered a whopping 422,875 cars globally, following price cuts in the first quarter. Moreover, with its stock down over 8% over the past month, it presents an excellent buy-the-dip scenario for savvy investors. It continues to forge ahead, despite facing headwinds after its first-quarter earnings miss in mid-April. Tesla (NASDAQ: TSLA) never ceases to amaze with its ability to dish out robust results each year, further separating itself from the crowded electric vehicle (EV) pack.
The stocks listed below are among the most trending stocks of Reddit, which conflict with the investments its users usually push on the platform. Though Reddit investing traditionally involves wagering on risky stocks, the article’s focus is quite the opposite. Therefore, seeking out the best Reddit stock picks is imperative for investors looking to play trends and, in the process, rake in a lot of moolah.
In fact, a recent survey revealed that more than half of the top institutional investors polled rely on Reddit for decision-making. The platform has effectively evolved from a simple information-sharing platform into an essential resource for investors hunting for top Reddit stocks.
Beneath the humor, these Reddit users also delve into fundamental analysis, sharing practical advice online. This vibrant community of risk-embracing individuals exchanges valuable insights on stocks that could potentially offer above-average returns.
Reddit has become a treasure trove for investors looking for high-risk/high-reward opportunities, which makes the best Reddit stocks to buy incredibly pertinent.
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