 Apple shares are surging but is it time to take some profits? Kate Warren of Edward Jones, the tech sector has run up this year. What do you make of the group? I mean how does Apple's earnings change your view of tech? Actually it doesn't change our view at all. We have a buy rating on Apple. We've thought it's an attractive company. We haven't thought the current price even with what maybe today's gains reflects the long-term potential and so we're not in the mode of saying take profits on tech. The only reason we would do that is if you become overweighted in tech as a sector in your portfolio so it's become too big a piece of your diversified portfolio but it's not because we don't like tech it's simply good portfolio management never to get too overweight in one sector. Even as good as technology. And Apple had a great quarter. iPad sales were up, iPhone sales were up, you know services revenue was up but China sales falling 10% and one analyst at Strategy Analytics said the iPhone has gone out of fashion in China and whether you believe in that or not it just shows you that the iPhone is not invincible. Absolutely iPhone is never invincible certainly everybody has great expectations for the next refresh with the 10-year anniversary but no one's sure right now and the question is how much does that provide a catalyst for the stock going forward? You know we're thinking very positive even if that turns out not to be the amazing phone that we're all thinking it might be but I think overall you've got a company that's very innovative that's been building over the last couple of years in terms of doing new things and has great potential so don't put all of the eggs on the new iPhone basket look at it as a company that will keep innovating and keep developing new products over time that's why we like the stock. Well and here's something incredible Apple's market cap is now at $782 billion it's well on its way to becoming the first trillion dollar company do you think we get there this year? I have no idea and the reason is you never know what's going to happen to stock prices short-term will they eventually reach a trillion dollars yes that would be my expectation at the same time though you know that trees don't grow to the sky and so expecting this one company to become that big is probably a little optimistic. Okay and then moving outside of Apple you like two stocks Medtronic which is a medical tech company and Spice company McCormick we all know about McCormick so briefly tell us your investment thesis on these two news. Well and in particular I'd be saying look at some things that have lagged behind we started talking about tech doing so well look at some things they haven't done so well balance out the portfolio I like Medtronic because it's well diversified has good growth opportunities is restructuring the portfolio after the Canadian merger next year around the 2% yield and dividend growth over time McCormick of course is the largest spice company in the world again mergers helping its growth and we think because it's innovating in spice being able to add some new products to the marketplace continues to have good growth opportunities ahead. Alright Kate Warren thanks very much for joining us. Thank you.