There are many winners and losers among the 5,283 BlackRock holdings reported in the latest available 13-f filing. While most portfolios have some obvious strong performers and many hidden gems, the multi-trillion dollar asset manager may indeed have all of its strongest picks out in plain view.
Indeed, given the rate at which large-cap stocks have been outperforming their smaller counterparts in 2024, some of BlackRock’s biggest holdings may simultaneously be among the company’s best performers.
After examining the asset manager’s filing, Finbold decided to analyze two of the biggest potential winners for the next year: Apple (NASDAQ: AAPL), which accounts for 4.2% of the BlackRock portfolio, and Broadcom (NASDAQ: AVGO),constituting 1.1% of the total holdings.
Picks for you
Apple (NASDAQ: AAPL)
After breaking its middling trend in May and confirming its surge in early June, Apple noe faces therisk of entering a downtrend as it has postponed the rollout of artificial intelligence (AI) integration into its products.
Nonetheless, it is precisely the fact that the company has not risen nearly as much as many other AI-involved firms, and its likely-to-be-strong upcoming earnings report – scheduled for August 1, 2024 – that have positioned AAPL shares as major likely winners of the upcoming 52 weeks of trading.
Wedbush’s Dan Ives, a prominent and technology-focused stock market analyst, recently opined that between the strong growth in China, the release of the iPhone 16 in September, and the partnership with OpenAI – the makers of ChatGPT – ‘Apple will kick off an AI-driven supercycle.’
The opportunity may be particularly good given that, despite rising 16.82% since January 2, AAPL shares are, at press time, experiencing a correction – a correction that is likely not to survive the upcoming earnings report – and Apple price today stands at $216.87, nearly $20 below its yearly highs.
Broadcom (NASDAQ: AVGO)
While Broadcom shares rose significantly more in 2024 than Apple’s – they are 40.84% in the green in the year-to-date (YTD) chart – they are also, as of July 29, experiencing a significant correction and are, at $152.90, trading some $30 below their yearly highs.
AVGO is, much like Apple, also likely to experience a massive surge in the coming 12 months, given its reported discussions with OpenAI about producing a new AI-focused chip.
Indeed, should Broadcom receive the opportunity to become a major supplier of microchips for the booming sector, it may, much like Nvidia (NASDAQ: NVDA), rise manyfold in the coming years. Should AVGO shares rise half as much as NVDA stock did since the release of ChatGPT, they could be worth more than $750 by late 2025 or early 2026.
Additionally, given the claims Sam Altman – the CEO of OpenAI – made early in 2024 that the global infrastructure for supporting the AI boom is so insufficient that it merits a $7 trillion investment, AVGO shares may indeed manage a major rise by 2025.
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Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.
