If there's one thing stock market observers are likely to have an opinion on, it's Apple. And on Tuesday, as Apple watchers eagerly awaited its product announcements, nobody could agree on how to trade its stock.
Money manager Jeffrey Gundlach, who appeared on "Squawk on the Street" before the tech company unveiled the iPhone 6 and iPhone 6 Plus, threw cold water on Apple's stock.
"It's overbelieved. They have tremendous optimistic guidance. People love it. The innovation has been, what I even prediction facetiously back in 2012, [with] tutti frutti colors as if that's any kind of innovation. Slightly bigger screens," said Gundlach, CEO of DoubleLine Capital.
"Yes, they're doing fairly well and they're bullish about their new rollout, but I think that's priced into the stock. I don't think I would buy it. I would sell it."