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What Will Apple Do With All That Cash?

Apple (AAPL) , a key holding of the Action Alerts PLUS portfolio, is the king among a growing crowd of businesses that have been hoarding cash since just before the Great Recession. All told, non-financial U.S. companies held $1.7 trillion in cash in 2015, about double the amount held in 2007.

Tech companies make up the vast majority of these holdings, with four companies in the field among the...