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The Dow's Biggest Laggard: Apple

The Dow hit new record highs this week, but not all of its components are faring so well.

Much-loved, and widely-held Apple is the Dow's biggest laggard since the index last reached record highs in May of 2015.

The stock's poor performance coupled with slowing iPhone sales and ongoing China concerns may have some investors wondering if it's time to ditch the name.

As Apple prepares to report earnings next week, the "Halftime Report" experts debated if you should buy the stock.

Trader disclosure: On July 15, 2016 the following stocks and commodities mentioned or intended to be mentioned on CNBC's "Halftime Report" were owned by the "Halftime Report" traders:

Josh Brown: Long AAPL, CORE, DE, DNKN, GE, SAM, SHAK, TWTR, XLE

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

Steve Weiss: Long AAL, ADC, DAL, ENDP, HUM, HZNP, MBLY, MET, SRPT

John Spallanzani: Long Calls: AXP, AAPL, BAC, BCS, BP, CHK, CSCO, C, KO, CDE,F, FCX, HTZ, INTC, IWM, KMI, MS, PFE, PHM, RIG, SNE, SYF, T, TWTR, VRX, XLI,XLB, RSX, SPY, QQQ