NEW YORK (TheStreet) --With most of the eyes of the tech world fixated on Apple (AAPL) - Get Report today, Janus portfolio manager Denny Fish and CNBC top tech investor Paul Meeks appeared on this afternoon's "Power Lunch" to discuss investing in tech companies beyond the iPhone maker.

Favoring names in the cloud software space, Meeks listed the companies he would buy and the circumstance under which he would purchase.

"Right now I would only buy them on dips and buy them in this order: Amazon.com (AMZN), [Alpahbet] (GOOGL), Microsoft (MSFT), but again, only on dips.," Meeks said.

Agreeing with Meeks on his preference for Alphabet, Fish explained why he feels as if this stock provides investors with a reasonable valuation for long-term growth.

"You think about that earnings stream that's still going to be growing mid, maybe even potentially, high-teens, is still a significantly faster growth rate than you get with the S&P 500. Furthermore, if you ex-out the other bets that their making where they're losing, the core business is only really trading somewhere around 13-14 times the FY19 number," Fish noted.

Meeks concluded by discussing Facebook (FB) and why he believes there's still another $15 to $20 move up in the stock.

"The way I look at Facebook is they have a lot of runway left both on revenue, cash flow and earnings growth, because they haven't really exploited messaging and video. In the meantime, the stock trades at a 20-something times earnings and given that growth rate, pretty attractive," Meeks said

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