Here we have come out with Insider Monkey’s hottest article about the best technology stocks to buy now. What is the best thing if the stock market is closed for ten days? The answer is obvious: buy technology stocks right now! Lots of investors tend to invest in S&P 500 Index ETFs, just because they firmly believe they can’t identify losers and winners, and in the long term the average returns will be higher.
Actually, the Oracle of Omaha invested 48% of the whole 1F portfolio in Apple Inc, having a position of $109 billion on September 30. As a matter of fact, Berkshire Hathaway has invested more than 20% of its market cap into Apple Inc, and as for the last 2 years it gained more profits from Apple than from its all businesses combined. Because Buffett invested in a technology company rather than in S&P 500 ETFs. We are in the middle of an unprecedented technological swirl, that have caused many changes the world wouldn’t have though even 30 years ago. The whole future will be controlled by technology.
Now, without a further ado, let’s see what you have come here for, two companies form the compilation. At first, on the ninth spot of the list there is Salesforcfe.com Inc, and Apple Inc stands on the seventh place. For more exciting information, please skip ahead to the best technology stocks to buy now.
Salesforce.com Inc (NYSE:CRM): $222
Number of Hedge Funds: 107 (2020 Q2)
Number of Hedge Funds: 106 (2020 Q3)
Total Dollar Amount of Long Hedge Fund Positions:$11.1 billion
Percent of Hedge Funds with Long Positions: 13%
Fourth Quarter Return (through December 1st): -4%
Popularity Ranking (2020 Q2): 17
Popularity Ranking (2020Q1): 12
Noteworthy Hedge Fund Shareholders: Ken Fisher, Al Gore
Apple Inc. (NASDAQ:AAPL): $123
Number of Hedge Funds: 128 (2020 Q2)
Number of Hedge Funds: 134 (2020 Q3)
Total Dollar Amount of Long Hedge Fund Positions:$127 billion
Percent of Hedge Funds with Long Positions: 16.4%
Fourth Quarter Return (through December 1st): 6.1%
Popularity Ranking (2020 Q2): 11
Popularity Ranking (2020 Q1): 10
Noteworthy Hedge Fund Shareholders: Warren Buffet, Ken Fisher
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