Apple's (NASDAQ:AAPL) stock is hovering around $400 again, but how much has really changed for the company? Apple's still dominant in smartphones and tablets, two rapidly growing markets. Add to that $145 billion in cash and a 3% dividend yield, and Apple stock looks like a great value. 

Value and existing products aren't the only reason Fool contributor Travis Hoium thinks $400 is a deal for the stock. Some recent moves on the Apple TV may preview what's to come in the streaming business for Apple, which would surely send the stock higher. Watch the video below to see why he thinks this is a great stock to buy. 

Fool contributor Travis Hoium manages an account that owns shares of Apple. The Motley Fool recommends Apple. The Motley Fool owns shares of Apple. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.