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"Shark Tank" judge Kevin O'Leary Talks Markets, Energy, and Apple

Markets

News out of North Korea and China sparking a global sell-off today. Despite the uncertainty in the markets right now, "Shark Tank" judge and O'Shares Chairman, Kevin O'Leary, sees big opportunities. He joined the "Halftime Report" traders to discuss what's next for global markets, the outlook for beaten-down energy, and the fall of tech darling Apple.

O'Leary is in favor of buying during times of volatility. He argues that during moments of unrest you can buy big names that have sold off 3-5% saying if you wait 90 days, you will often times be rewarded. He himself has been buying on the dip picking up shares of L'Oreal, Toyota, Samsung, LVMH, and Wesfarmers, among others. He now has a 25% stake in the Asia Pacific region.

Steve Weiss is also looking outside of the United States, focusing his picks on Europe. He has upped his stake in the region from 25% to 35%. But unlike O'Leary, Weiss isn't sold on buying Asia right now, saying "I'm worried about China."

Energy

"There is an upside to lower oil prices"

Also making headlines today was energy with crude closing at the lowest level since 2008. O'Leary has been playing the energy sector by using the greenback to buy Canadian dollars, and then investing in Canadian energy companies. So far it hasn't worked out for him. The currency is still trading down, and the sector is still selling-off. But he hasn't lost hope. Since currencies have traditionally been correlated to commodities, he is holding tight for now. He does see an upside to lower oil prices saying it could be an incredible engine of growth for the other nine sectors of the S&P.

Apple

"I'm still bearish on Apple"

One trade that has worked out for O'Leary was selling Apple in September, which is down 20% over the past six months. His bearish take revolves around Apple's debt. While the company is flush with cash, 40% of it is tied-up overseas. As a result, it's issuing billions dollars of debt to repatriate it. O'Leary loves dividends and he doesn't think the company will be paying out anytime soon. In exchange for Apple, O'Leary loaded up on Microsoft, which is up 21% over the past 6-months.

Trader disclosure: On January 6, 2016 the following stocks and commodities mentioned or intended to be mentioned on CNBC's "Halftime Report" were owned by the "Halftime Report" traders:

Jon Najarian: Long calls ACHN, ALB, AMLP, ASNA, BWLD, GDX, KATE, KSS, LB, MDLZ, MSFT, ODP, ORCL,XOM, TGT, Long puts MTW

Steve Weiss: Long AAL, C, DLTR

Jim Lebenthal: Long AAPL, BA, C, CSCO, DCO, EEQ, GAIA, GM, INTC, JCP, KMI, MPC, OA, ORBC, PFE,QCOM, QRVO, SPLS, TIF, TRN, WGO

Kevin O'Leary: Long Samsung, BHP, EL, MC, MSFT,NESN, NVS, OR, RO, TM, WES