Although Apple has been off on performance this year, David Pearl, co-chief investment officer of Epoch Investment Partners, believes the tech giant is "still the most profitable company in the stock market."
"With Apple, the expectations were low. That said, Apple is now the classic value stock, large dividend, with huge amounts of cash," he said.
Additionally, Pearl sees the cloud business as very competitive and very capital-intensive.
"We like the cloud as a growth opportunity," he said. "The cloud is real and is such a good payback for enterprises and small businesses to move to the cloud, and it's actually more secure, so there's a lot of reasons the cloud will grow."