Apple (AAPL) - Get Report is up 10% in the past two weeks on a swirl of news, including an investment from Berkshire Hathaway (BRK.B) - Get Report and CEO Tim Cook's barnstorming trip to Asia. Michael Robinson, chief technology strategist at Money Morning, said the headlines reflect the gathering momentum for the technology giant's stock.
"Buffett team's $1 billion investment shows the stock is underpriced and great for the long haul. Going to China is a smart move for Cook because it shows his personal commitment to the firm's second-largest market," said Robinson.
Robinson added that the stock is still cheap at just 11 times forward earnings, almost 40% less than the S&P.
He is also bullish on Facebook (FB) - Get Report , up 13% year to date, saying the social networking company has lived up to the hype with its blowout first quarter, which saw sales surge 52% year over year and earnings rise 195%.
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"They now have 1.6 billion users, nearly one-fourth the planet, and messenger just topped 900 million monthly active users," said Robinson. "They are set to add more chat bot tech to improve things like e-commerce."
Robinson said Facebook also leads the way when it comes to artificial intelligence and virtual reality and will push deeper into video when it starts hosting millions of immersive 360-degree videos.
Adobe's (ADBE) - Get Report stock is up 6% so far in 2016 and 27% since the market's low on February 11. Robinson said Adobe's progress will continue now that it has made a "great move to the cloud."
"Since launching in 2012, Adobe's creative cloud subscriptions are up 19-fold," said Robinson.
Robinson is also a fan of Gilead's (GILD) - Get Report stock, which sold off heavily after the company missed Wall Street's first-quarter forecast. Robinson said the stock is greatly oversold and cheap for "a cash machine with levered free cash of $12 billion."