he's ross gerber, ceo and president of his own wealth management firm, gerber kawasaki. welcome back. good to have you with us. do you still like apple, imax, both of them down, and tesla 17% higher? >> absolutely. apple more than ever. i mean, they're just killing it today with iphone sales and we expect so much good stuff through the christmas season. and imax is still waiting for the global release of "star wars," which is the premise here. so the stocks have gone down a little bit for now but i think it's a great opportunity. and tesla we love. >> facebook you like as well. we just heard from the ceo the other day. virtual reality. >> we love it. we think virtual reality has so much potential. and facebook has built an amazing platform with the original facebook obviously but also with instagram and with what's app, and now with virtual reality growing like crazy we think this is a great opportunity to own a blue chip of the future. >> it's selling in the 90s now. where do you see it in a year's time? >> well, we see if moving higher, ideally about 20% over the next

liz: when you meet at gerber kawasaki, and talk about strategy, how much mindshare us did the fed andppened now just seven days when the federal reserve makes its decision does that take up? >> not much. because i do think it is a non-event for the most part. the fed, whether they raise or not raise is not going to materially affect the economy at all. it is just an emotional thing at this point. what i think matters in certain sectors, if they raise rates that is very good for financial sector. we want to be overweight financials if you believe they will raise rates. on other side of the coin i think this is a stock-pickers market. somebody says they don't like the market right now. it is because there are many areas of the market not doing well. so you have to be focused in individual issues stocks in ones that are performing well period. liz: you know what? it means don't get lazy. you actually have to do research and find real diamond in a pretty muddy river right now. we are looking, gentlemen, thank you very much. >> we love it. liz: i bet you do. why all three of these gentleme

let's bring in ross gerber from gerber kawasaki who's bearish and dan ives from capital markets who is bullish. what's not to love about 335,000 new customers? >> i don't know if you deserve a billion-dollar yum jump in market cap for a 15 or 20 million dollar order but i do see the bigger picture here which is popular for fitbit but i think we're talking about a valuation issue and the fact anybody can -- the tracking is not accurate. it's been proven their heartrate monitor doesn't work that well. your wrist can explode on one of the devices i guess. >> what? your wrist can explode? i never heard that. >> it burns people i guess. i don't know. but they've had all these manufacturing issues. and i just think like a show me can come in and make one of these things for 20 bukds. >> but nobody has. they've owned this market so far. >> if you go online right now there's the jaw boeb and there's the best of all fitness trackers, the apple watch. it's a good entry-level fitness tracker and i like the business and they're growing. but i'm not going to pay $7 billion for this company. it's cr