You're watching...
United Advisors Chief Market Strategist Scott Martin on whether investors should add Apple to their portfolios.
Also in this playlist...
Auto-advance: ON
Auto-advance
This transcript is automatically generated
Here's a question for you if I were thinking -- 700 dollars like I have.
Right now okay it's not mine it's my producers -- -- will never -- this money again.
Yes this is real money would you rather buy a share of Apple's stock which by the way just cross the 700 dollar mark earlier this week and is now at 798 bucks.
-- it take that money.
And spend it in the Apple Store where you -- by both an I phone and a night pat.
-- and -- pose that very question to my next guest Scott Martin chief market strategist of united advisory.
It's their idea I think should take that the tracker media driven giants tonight I'll look I don't solution for people if -- apple lovers and you know -- -- ETF guy right.
There's an index out there iShares Dow Jones technology index IYK.
It's -- -- 5% of the holdings is apple.
-- and employee this you don't have to just by apple.
-- Microsoft Baidu Google.
Yeah yeah yeah.
Diversification -- -- twenty -- percent have a listen even if you're gonna -- come on if you're an apple lover.
That's a good way to get something else along with the big slice of apple I think that it's cheaper by the way -- -- 700 dollars a share you're talking about a hundred dollars you know cold hard cash you -- a single share of Apple's stock is it going up.
Listen I think -- apple keeps doing what they've been doing which is nailing revenue estimates blowing away profitability.
I think you can't because -- that's when it's done to this point.
Now for certain missing those estimates yeah.
We're gonna be in trouble fifteen million iphones possibly to be sold by the end of the year that's -- yep projections I mean really on earnings bottom line stop talking to me about how many telephones -- Phones -- -- I mean I -- -- the fact that people are so excited by what is a telephone it's a flu for goodness sakes what it is.
Part of people's everyday life I mean you don't just use it as a -- more right yet the FaceBook have you connected you mention the mapping but listen it takes you where you need to go.
There's a lot of good applications that the phone hasn't had to rely on main issue until and -- -- I myself -- -- new apple got base via Blackberry thing.
I love the thing it's -- right now like right by my heart.
RA well okay so if I'm gonna imply let's say I'm gonna buy.
An exchange traded fund.
And you suggested wine.
Down the road and -- still gonna buy us out actual shares of apple and if so where are they going and I got to tell you.
You look at any tech mutual fund in the country they're all 25% apple.
I mean you can't get away from buying this even if you have not five.
The ETF you're talking about you already own apple because mutual fund investors all over this country the guys who run these funds they bought apple until.
-- heads -- -- and guess what that's actually been a good thing.
Right because that's actually boosted the funds like that's the goofy part.
Apple has been a big savior of the market this year the S&P which is cap weighted the NASDAQ a big player to -- the market's been doing so well this year we gotta face the facts.
It's -- and it.
It's gonna be more than one stock in the world though that's what I keep thinking you know this is the only stock we ever talk about right at the end of today are their component.
Makers for apple that we should be -- at Qualcomm to the world I I think another way to look at it was other retailers that so why is consumer discretionary index had to -- I think Jerry people go by the cyclone in just what will stop at Best Buy -- stuff it's hard it -- some in the mood to spend money.
It's a big -- to the economy and -- -- you think I'm nuts.
I do you think you're not need to come on the other hand on the other hand out.
I always play contrary when everybody is so excited about something I have that's a great -- -- -- with me with a movie Titanic I'll never see it because everybody watched -- but here's the -- at.
You need to get what it's like a flash crash coming in at an earlier when people -- a lot of something that choosing when you don't want to own it.
To deploy our -- will have to watch -- Well what I'm not sharing that probably goes higher this money -- -- and let on the giants.
Scott thanks for coming on traded --
