Bet on Strong Apple Earnings: Nathan

Wednesday, 16 Jan 2013 | 5:43 PM ET
Bet on Strong Apple Earnings: Dan Nathan
Apple's quarterly earnings for the holiday season have grown since 2003, Dan Nathan of RiskReversal.com says.

Apple's historical holiday performance suggests investors will see growth in its quarterly earnings report next week, Dan Nathan of RiskReversal.com said Wednesday.

"They doubled their earnings from 2011 to 2012," he said. "So, here, all of a sudden now, earnings expectations are supposed to be down 3 percent. They have not had a down year in the fiscal Q1 since 2003. Expectations got dire – or dour, or however you want to say it – they got bad."

On CNBC's "Fast Money," Nathan also noted that the company, with $200 billion in annual revenue, was subject to outsized expectations.

"I woke up this morning, hoping the stock traded at $465 because I wanted to buy it," he added.

Karen Finerman of Metropolitan Capital Advisors also still liked Apple, adding that she expected growth in gross margin dollars — not gross margin percentage.

"I'm long," she said. "I still think that there's growth there."

  Price   Change %Change
S&P 500

Contact Fast Money

  • Showtimes

    Halftime Report - Weekdays 12p ET
    Fast Money - Weekdays 5p ET
  • Melissa Lee is the host of CNBC's “Fast Money” and “Options Action.”

  • Scott Wapner is host of the "Fast Money Halftime Report," which airs weekdays from 12 p.m. to 1 p.m. ET.

  • Guy Adami is a contributor on CNBC's "Fast Money." He also is managing director of stockMONSTER.com.

  • Najarian, the "Pit Boss," is cofounder of optionMONSTER.com, a news site for options traders.

  • Finerman is president of Metropolitan Capital Advisors, Inc., a company she co-founded.

  • Founder of EmergingMoney.com

  • Chief Market Strategist for Virtus Investment Partners & CNBC Contributor

Halftime Report