Apple's ecosystem is reasonably established: Wolfe Research's Kvaal

Jeff Kvaal of Wolfe Research joins "TechCheck" to discuss his upgrade on Apple's stock and the company's growing ecosystem. For access to live and exclusive video from CNBC subscribe to CNBC PRO: https://cnb.cx/2NGeIvi

Shares of Apple jumped before pulling back to less than 1% after the company announced the rollout of a feature that will allow users to add driver’s licenses and state IDs to their Apple Wallet. Arizona and Georgia will be the first states to adopt the feature. Connecticut, Iowa, Kentucky, Maryland, Oklahoma and Utah will follow. Apple didn’t specify a timeline.

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