TheStreet's Eric Jhonsa and Action Alerts Plus research analyst Zev Fima analyze the reasons for the tech giant's surprise pre-announcement and consider the near- and long-term outlook for its stock.
Fima believes there are still things to like about Apple in the long term, "I think healthcare is one area that Tim Cook has expressed a lot of interest in. That also plays to the wearables market."
In addition to healthcare, Fima believes that Project Titan, the autonomous vehicle play, and the rumored AR/VR headset give Apple a strong long-term outlook, despite the sell off.
For more analysis listen to the full podcast below. Also be sure to check out what Jim Cramer says to do when a company pre-announces a short fall.