To beat the market, just buy Apple now: Advisor

Want to beat the S&P 500 in one year? Maybe you should just buy Apple.

Enthusiasm for the tech titan among traders has tempered this year, especially as the company's premier product, the iPhone, faces the threat of decreasing demand. On Tuesday, Apple shares fell more than 3 percent after a Credit Suisse report that the company is cutting production of iPhones by 10 percent. The stock is down more than 8 percent in the last six months.

"I think we're really getting Apple fatigue at this point," Boris Schlossberg of BK Asset Management said Tuesday on CNBC's "Trading Nation." "From an investor's point of view, Apple equals iPhone and that's pretty much it. All of their other initiatives, iCloud, the watch, Apple Music, have all been kind of duds."

Because of this negative sentiment, Apple shares have been selling off, Schlossberg said.

Read MoreIf Apple does these 3 things it could hit $1 trillion

But according to Erin Gibbs, equity chief investment officer of S&P Investment Advisory Services, Apple has become a very attractive buy.

"There are some definite concerns about the iPhone component demand, and it is odd that the stock is trading down so low even after its announcement of the supersized iPads," Gibbs said. "But overall, if you buy Apple historically at these valuation levels, you will be better off than the broader index a year later."

Read MoreCredit Suisse: Apple cutting iPhone production orders 10%

Gibbs said Apple is trading below its three-year average at 12.5 times analysts' expectations for next year's earnings, compared to the overall S&P 500, which is 17.5 times forward earnings. Meanwhile, she said Apple is expected to see steady earnings growth of 7 to 8 percent and revenue expansion of 5 percent over the next year.

"It's not phenomenal, it's not the stellar growth that we've seen recently," she said, "[But] we see this as a long-term stable play."

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Trading Nation is a multimedia financial news program that shows investors and traders how to use the news of the day to their advantage. This is where experts from across the financial world – including macro strategists, technical analysts, stock-pickers, and traders who specialize in options, currencies, and fixed income – come together to find the best ways to capitalize on recent developments in the market. Trading Nation: Where headlines become opportunities.

Michael Santoli

Michael Santoli joined CNBC in October 2015 as a Senior Markets Commentator, based at the network's Global Headquarters in Englewood Cliffs, N.J.  Santoli brings his extensive markets expertise to CNBC's Business Day programming, with a regular appearance on CNBC's “Closing Bell (M-F, 3PM-5PM ET).   In addition, he contributes to CNBCand CNBC PRO, writing regular articles and creating original digital videos.

Previously, Santoli was a Senior Columnist at Yahoo Finance, where he wrote analysis and commentary on the stock market, corporate news and the economy. He also appeared on Yahoo Finance video programs, where he offered insights on the most important business stories of the day, and was a regular contributor to CNBC and other networks.

Follow Michael Santoli on Twitter @michaelsantoli

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