Apple (ticker: AAPL) is the No. 1 holding of BetterInvesting members, according to BetterInvesting Magazine’s Top 100 Companies . The company was No. 3 on last year’s list, moving up to take over the top spot from General Electric.
“BetterInvesting members are drawn to Apple’s history of strong sales and earnings growth and potential for future growth, coupled with a price-earnings ratio they believe is reasonable,” says Adam Ritt, BetterInvesting’s director of communications as well as editor of the magazine. “In using our online and desktop programs for analyzing the quality and return potential of stocks, they’ve determined that this is a well-managed company whose stock will provide a suitable long-term return.”
Other notable movers included LKQ Corp. (LKQX), which soared from No. 169 in 2010 to No. 48 in 2011. “LKQ is the type of stock our members are continually seeking,” Ritt says. “The company, which provides replacement parts for auto repairs, is midsized with high, consistent sales and earnings growth; growing pretax profitability and return on equity; and a P/E ratio members believe is reasonable given the company’s growth potential.”
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