Halftime Report's Stephanie Link is doing something she hasn't done in nearly six months - she's overweight Apple in her portfolio.
"For the last 6 months I've been underweight so I've been buying in the low $90s, mid $90s, even today a little bit," said Stephanie Link, Portfolio Manager at TIAA. "I think it's cheap."
Shares are down nearly 30% from its 52-week high and investors are paying attention. Apple is up more than 6% in the last week.
"The stock has been trading between $93 and $97 for a little while," said Pete Najarian, the Co-Founder of Najarian Family Office. "Now is the next leg higher."
Josh Brown argues that instead of looking at Apple as a growth stock, it should be viewed as a consumer staple.
"It's a product that we upgrade every 18-24 months," added Josh Brown, CEO of Ritholtz Wealth Management. "If you're an Apple person, you're an Apple person and price is not that important."
Brown adds that on a valuation basis, Apple is cheaper than other mega caps.
We asked you to weigh in on Josh Brown's argument that Apple is a consumer stock. Here's what you said:
Stephanie Link, Josh Brown, and Pete Najarian own Apple stock.