“Lastly, most important stock in the entire world, the largest stock in the entire world, this is Apple. It’s frankly already broken out above that $190 level, we think on its way to $225, maybe $230,” added Verrone.
Apple hit an intraday record less than a week ago. It’s up 13 percent for the year and closing in on a $1 trillion market cap, the first publicly traded company to ever reach that level.
Bill Baruch, president of Blue Line Futures, said he is a fan of those three names, but sees any pullback as a better opportunity.
“As a trader, and less of an investor, I’m a little hesitant to be a buyer at these levels,” Baruch said on “Trading Nation.” “I would be a buyer at lower levels but I think there’s a little bit of room to come back in.”
J.P. Morgan, Home Depot and Apple shares were all slightly higher Tuesday.