Milunovich also said he expects Apple to unveil an iWatch product in the second half, which could lead investors to "believe in Apple innovation again."
Milunovich's other top picks didn't fare as well as Apple in the first half. Cognizant Technology and Nimble Storage, down 1 percent and 34 percent, respectively, so far this year, made it to the top of Milunovich's "buy" list despite their lagging performance.
Regarding Cognizant, Milunovich said that it's a "terrifically run company."
"As we get into later in the year, and particularly into 2015, we think it's going to be a strong ramp for Cognizant," he said.
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Nimble Storage, which provides flash and cloud-based storage solutions, could benefit by innovating in a relatively flat storage environment, Milunovich said.
"Nimble has a new architecture. Storage these days is a mix of disk and flash. They have a new file system that is optimized for that," he said.
For his last pick, Milunovich looked toward the 3D printing space, which has struggled so far in 2014, and chose printer-maker Stratasys.
According to Milunovich, Stratasys has greater focus and better near-term earnings growth at a lower valuation compared to rival 3D Systems.
—By CNBC's Michael Newberg