Apple has a good stream of cash flow and future buyback plans, says Chevy Chase's Amy Raskin

POSITIVE, THE LONGEST SINCE AUGUST OF 2021 AND, JOE, IT IS AN APPLE KIND OF DAY. IT'S IN THE GREEN AND, AS WE SAID, $193 IS THE MAGIC NUMBER, AWAY FROM $3 TRILLION. >> AUGUST OF 2020, IT ECLIPSES $2 TRILLION. IT DOES THAT IN AUGUST OF 2022 -- I'M SORRY, AUGUST OF 2018 AUGUST OF 2020 IT ECLIPSES $2 TRILLION IT IS ABOUT TO RECLAIM THAT LEVEL HOW

FAST TO $3.5 TRILLION OR $4 TRILLION THAT'S THE NEXT STOP THERE'S NOW OPTIMISM THAT IN FISCAL YEAR 2025 THAT'S GOING TO BE ADMINISTRATIVE TO REVENUE THE STOCK IS OFF TO THE RACES. >> YOU'RE TALKING TO WHAT DAN IVES SAID. >> WHEN IT GETS TO $4 TRILLION, WEISS, A $4 TRILLION VALUATION, FAIR VALUE COULD BE IN THE $3.5 TRILLION RANGE WITH A BULL CASE $4 TRILLION VALUATION

BY 2025. UP 45% YEAR TO DATE. DO YOU WANT TO GET IN THE WAY OF THAT MOMENTUM? HOW DO YOU LIKE THEM APPLES, WEISS? >> HOW RIDICULOUS IS THAT CONVERSATION IT'S JUST ASININE. I HAVE -- >> WHY IS IT ASININE >> THAT'S NOT HOW YOU ANALYZE STOCKS PUT SOMETHING IN THERE -- >> OBVIOUSLY HE THINKS THE FUNDAMENTALS ARE REALLY GOOD IF HE'S GOING TO REACH THAT

LEVEL >> THE NARRATIVE IS ALL WRONG. >> YOUR NARRATIVE IS THE ONE THAT'S BEEN WRONG ON IT. WHAT DO YOU MEAN >> TALKING ABOUT TRILLION DOLLAR MARKET CAP THAT SHOULD BE A FALLOUT, THE FALLOUT. IT SHOULDN'T EVEN BE DISCUSSED IT'S IRRELEVANT WHAT THE MARKET CAP IS WHAT'S RELEVANT IS WHAT'S THE P/E -- >> 30. >> WHAT'S THE PRICE TO EBITDA, AND IS IT EXPENSIVE OR CHEAP

>> ARE YOU MAD THAT YOU DON'T OWN IT, WEISS? YOU SEEM ANGRY >> I THINK I'M BEING KIND OF -- >> WEISSIAN? NORMAL >> THIS IS MY LIGHT MOVE, LOTS OF LOVE HERE, SCOTT, TODAY >> WELL, AMY OWNS IT YOU'RE UNDERWEIGHT WE CAN GET TO WHERE YOU ARE IN TERMS OF ALL OF THESE MEGA CAPS, BUT WHAT ABOUT APPLE >> I THINK THE VALUATION IS CRAZY.

THIS COMPANY BOUGHT BACK 40% OF ITS SHARES THIS IS A COMPANY NOT REALLY GROWING FAST AT ALL. IN THE LAST THREE QUARTERS REVENUES WERE DOWN YEAR OVER YEAR IT HAS A GOOD STREAM OF CASH FLOW I THINK THE MONEY COMING INTO APPLE IS MONEY COMING INTO THE MARKET PEOPLE ARE CHASING AND YOU'RE SEEING THAT GO TO BENEFIT ALL OF THE LARGE CAP COMPANIES. >> ARE YOU

CHASING >> I'M NOT CHASING, NO WE CAME IN BULLISH ON THE YEAR WE'RE MOVING THE OTHER WAY MISS POSITIONED, IF YOU WILL >> WE ARE BUT WE'VE HAD A NUMBER OF POSITIONS DO REALLY WELL, OUR JAPANESE HOLDINGS HAVE BEEN DOING REALLY WELL. SO WE'RE HOLDING OUR OWN AND BEING UNDERWEIGHT HELPED US A LOT. THEY'RE NOT BAD COMPANIES, JUST THE VALUATIONS ARE HARD. >> THE VALUATION IS

STATISTICALLY RICH THAT'S WITHOUT QUESTION. I THINK YOU COULD MAINTAIN THAT AND I THINK IN THE COMING QUARTERS YOU COULD JUSTIFY THE MULTIBEING EXPANSION THE LAST TIME APPLE WAS $3 TRILLION, IT WAS EARLY JANUARY OF 2022. IF YOU THINK ABOUT WHAT THAT SIGNALED AT THE TIME, IT SIGNALED THIS CRESCENDO. APPLE HITS $3 TRILLION, THAT'S IT THAT'S THE T