Representing 40% of Warren Buffett's Portfolio, Here Is Why Apple Is a Great Stock to Own Today
Uncertainty has been the name of the game recently, as the stock market continues to face an immense amount of pressure from high inflation, rising interest rates, and economic impacts linked to the war between Russia and Ukraine. It comes as no surprise that technology stocks have been particularly humbled, with the Nasdaq Composite slipping almost 25% since the start of the year.
Some of the world's paramount tech companies like Netflix and Meta Platforms have delivered weak financial reports in recent quarters as the technology sector as a whole tries to navigate unfavorable macroeconomic conditions. Apple (NASDAQ: AAPL), however, is one of few companies that has sustained strong operational success in the past few months. In a market full of uncertainty today, the technology juggernaut offers investors an ideal investment opportunity. I think the great Warren Buffett would agree as well -- the iPhone maker currently represents 40% of his Berkshire Hathaway (NYSE: BRK.A) (NYSE: BRK.B) investment portfolio.
Image source: Getty Images.
Source Fool.com
