It shouldn't come as a surprise that Apple ( AAPL) is on our list. The firm has a reputation for holding more cash than any other - even more at one point in 2011 than the U.S. Treasury in fact. At last count, Apple's cash stood at more than $144.5 billion, with minor offsetting debt. Only around $12 billion of that is actually true net cash the rest is long-term liquid investments managed by Apple's in-house investment firm, Braeburn Capital.
Yes, when you have that much cash on hand, you need your own treasury management firm.>>Beat the S&P With 5 Stocks Everyone Else Hates It's been a big week for Apple. Yesterday, at the firm's Worldwide Developers Conference, Apple unveiled a slew of software and hardware updates, including major iterations for its Mac OS X computer operating system and the iOS software that fuels Apple's mobile products. Subjectively, the upgrades look impressive -- almost as impressive as the stats that CEO Tim Cook mentioned during the keynote. A refreshed Mac Pro workstation is a particularly important direction for the company, as it renews its longstanding relationship with power-users. Professional-grade products may contribute a small amount to Apple's revenues, but they contribute a lot to its product innovation. While shares dipped after the keynote, that's nothing new -- it's happened for the last four straight years. I've made no secret of the fact that I'm a fan of Apple as a company, just not as a stock (yet). But with the downtrend in shares broken in the last month, buyers may have an opportunity to jump in in the very near-term. From a technical standpoint, I'd be a buyer on a move above $460. From a quantitative standpoint, this stock's cash position is signaling a buy. NetApp
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