However, the fact that Apple's upside is so widely agreed upon by investors could represent a lack of incremental buyers, according to JK Investment Group's Chris Johnson.
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"When you look at Apple, 2,400 different institutions own that," he said. "When you look at Netflix it's about 600, when you look at Amazon it's about 1,200—that equals buying potential in terms of growth."
Despite innovation that has Apple bulls most excited, like Apple's watch, Music and Pay, Johnson likened the tech giant to a slow-growing dividend stock. Performance of the three stocks seems to support that thesis.
Apple's 6 percent loss on the year pales in comparison to Amazon's 50 percent gain and is even further dwarfed by Netflix's 108 percent year-to-date performance.