Tesla and Apple are the most underowned companies right now
The article revealed Apple and Tesla are among the most underown (undervalued) technology stocks ranked by US long-only funds and Global Hedge funds.
Quote:
Heavyweight technology-related stocks right now, with Apple Inc. and Tesla Inc. topping a Jefferies list of the most underowned stocks right now. Up 36% for 2023 so far, Apple AAPL topped this Jefferies list published Wednesday of the top 20 stocks owned by U.S. long-only funds, followed by EV leader Tesla TSLA :
Jefferies offered a separate breakdown for the most underowned stocks among global hedge funds, with Tesla and Apple again at the top, along with Ford F and Exxon XOM :
As for overowned stocks, Alphabet GOOGL GOOG and Meta Platforms META were at the top of a list of 20 names held by U.S. long-only funds, with Netflix NFLX also in the top five.
Source:
$BYD COMPANY(01211.HK$ $BYD Co.(BYDDF.US$ $S&P 500 Index(.SPX.US$ $Nasdaq Composite Index(.IXIC.US$ $Tesla(TSLA.US$ $VOLKSWAGEN A G(VWAGY.US$ $NIO Inc(NIO.US$ $Li Auto(LI.US$ $XPeng(XPEV.US$ $General Motors(GM.US$ $Ford Motor(F.US$ $Rivian Automotive(RIVN.US$ $MERCEDES-BENZ GROUP AG(MBGAF.US$ $TOYOTA MOTOR CORP(TOYOF.US$ $GEELY AUTO(00175.HK$ $Lucid Group(LCID.US$ $Stellantis NV(STLA.US$
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I reflected trading experiences by writing journals. My comments are for educational purposes not financial advice.
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