As tech stocks prepare for a comeback, top investor Paul Meeks reveals his call for two FAANG stocks: Apple and Netflix. The tech-heavy Nasdaq is up about 20% from its June lows, while Apple and Netflix are up about 30% and 50% respectively from their lows in the same month. Apple Meeks, portfolio manager at Independent Solutions Wealth Management, says keep Apple for now, but if the stock drops a bit more – buy it. Speaking to CNBC’s Pro Talks on Wednesday, Meeks said: “Apple is a stock that I think, cyclically, is a must-own and that’s going to be the stock I’m willing to buy when the price drops.” . “I think if I hold some Apple [stock], I just want to keep it. He added, to get me interested in buying a few more things, I would like to see a bit of a discount.[The] extremely well managed company, [but] they clearly have short-term difficulties. “Several tech companies have warned of a slump in smartphone sales, as rising inflation and recession fears dampen consumer spending.” Apple reported fiscal third-quarter earnings in late July, beating Wall Street’s expectations for sales and profits, but showing slowing growth for the iPhone maker. Netflix Meeks is less active than media giant Netflix. He also said it was a hold, highlighting some downside risks for the company. “I think I’m still going to keep Netflix,” he told CNBC Pro Talks. “This is a company that’s going to be forced to go through a pretty rough patch of business model changes next year when they start supported advertising. [subscription] it’s a business where they say, ‘Oh, we would never do that.’ “He said if investors already own the stock, don’t sell it – just hold it. Netflix is down nearly 60% since the start of the year after slumping in April when the company reported earnings. earnings show it’s lost subscribers for the first time in more than 10 years Apple stock is down about 4% so far.