It is the most valuable company in the world with a market cap nearing $1tn, its stock soared more than 50% in 2017 and it turned in blockbuster earnings for its fiscal fourth quarter. But that still was not impressive enough for some hedge funds, MarketWatch reports.
Apple, for all its brand power and the x-factor of its iPhones, failed to make the top five stocks popular with hedge funds, according to Goldman Sachs, in a report Wednesday. It came in at number seven, between Time Warner and Bank of America.