Investors are not alone as they look toward 2025 by looking back on the leaders of 2024. Big funds are leaning toward leaders such as Apple (AAPL), which outperformed during the year as well.
IBD’s screen of stocks funds are buying shows Taiwan Semiconductor (TSM,) Meta Platforms (META) and Apple among those getting the most demand.
Taiwan Semiconductor is breaking out of a cup-with-handle base with a buy point of 205.63. The relative strength line is near new highs — a good sign.
Volume was about 14% above average. The best breakouts happen in volume that is 40% or more above average.
However, funds could quickly change that and drive the stock up if they continue to load up on the chip supplier.
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TSMI holds an Accumulation/Distribution Rating of B, which means that more funds have been buying the stock over the past thirteen weeks. Funds have been net buyers over the past seven quarters as well, going by the supplementary data on IBD MarketSurge.
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The Janus Henderson Forty Fund (JARTX) and the AllSpring Growth Fund (SGRAX) hold shares of Taiwan Semi. Both funds are part of the Investor’s Business Daily’s mutual fund index.
Funds are also focused on Meta, another 2024 winner. The stock is trying to get past a buy point of 602.95 after testing support at the 50-day moving average.
Meta holds an Accumulation/Distribution Rating of B- with more funds buying the stock over the seven recent quarters as well. In the IBD mutual fund index, the Fidelity Contrafund (FCNTX) and the MFS Growth Fund (MFEGX) are among major Meta shareholders. Meta’s Composite Rating is 97.
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Last but not the least, Apple continues to be on fund managers’ radar. Shares are extended from a buy point of 237.49. But the stock is also approaching a $4 trillion market cap which could be a psychological catalyst.
According to Dow Jones Market Data, Apple stock has to reach 264.62 before achieving that milestone. As of Monday’s closing price, Apple is 3% below that target.
The Janus Henderson Forty Fund and the MFS Growth Fund (MFEGX), also in the IBD mutual fund index, hold shares of Apple. The Composite Rating is 95.
| Stock | RS Rating | EPS Rating | Comp Rating | Gains YTD |
|---|---|---|---|---|
| AAPL | 88 | 90 | 95 | 33% |
| META | 86 | 96 | 97 | 69% |
| TSM | 91 | 98 | 98 | 100% |
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