Is Apple Inc. (AAPL) A Smart Long-Term Buy?
Saturna Capital Corporation, an investment management firm, published its fourth-quarter 2020 ‘Amana Mutual Funds Trust’ Investor Letter – a copy of which can be downloaded here. In the past year, a return of 13.95% was recorded by Amana Income Fund, 32.86% by Amana Growth Fund, 21.26% by Amana Developing World Fund, and 5.35% by Amana Participation Fund. You can view each fund’s top 5 holdings to have a peek at their top bets for 2021.
Saturna Capital Corporation, in their Q4 2020 investor letter, mentioned Apple Inc. (NASDAQ: AAPL) and emphasized their views on the company. Apple Inc. is a California-based technology company. It currently has an $2.03 trillion market capitalization. Since the beginning of the year, AAPL is down -8.75%, while its 12-month gains is still up 75.85%. As of March 9, 2021, the stock closed at $121.09 per share.