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Will the rally in tech continue next week as Yahoo!, Apple, and Microsoft report earnings?

Next week investors will be closely watching iPhone sales as well as earnings when Apple delivers one of the sectors most-anticipated earnings reports on April 23, explains CNBC Silicon Valley Bureau Chief Jim Goldman.

Meanwhile, Yahoo!is entering a critical week as it prepares to report quarterly results on Tuesday and faces a Microsoftimposed deadline to accept the nearly $43 billion offer.

The software giant, which releases its earnings Thursday, has cast doubt on whether Yahoo is even worth that much with a weakening U.S. economy and general slowness in the ad industry. Google's strong showing could help its rival Yahoo stand firm on a higher takeover price on hopes Web marketing is more durable in a downturn.

Industry analysts say Yahoo's first-quarter results are going to be a major swing factor in its talks with Microsoft.

How should you trade ahead of earnings?

I’ve been selling Yahoo!, explains Karen Finerman. It’s possible Microsoft lowers their bid but I doubt that would happen before earnings.

I’m long Microsoft, adds Jeff Macke. It’s a stock you can put in the till and leave there.

Western Digital is my favorite play in the tech space, adds Guy Adami. I expect positive surprises. And I like Apple into earnings.

Keep an eye on EMC Corp. next week, adds Pete Najarian.

Tell us what you think. Which tech stock do you like best ahead of earnings? Answer the Charles Schwab Question of the Day.



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Trader disclosure: On Apr. 18, 2008, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders; Macke Owns (DIS), (INTC), (MSFT), (YHOO); Najarian Owns (AAPL), (AMR), (BIIB), (CSCO), (MSFT), (NOK), (TSO), (XLF), (YHOO), (ETFC), (EMC), (NVS); Najarian Owns (BKC); Najarian Owns (BHI) Calls, (BSC) Calls, (COP) Calls, (DD) Calls; Finerman Owns (GS); Finerman's Firm Owns (JCP), (MSFT), (NOK), (PZN), (TSO), (VCLK), (VLO), (YHOO), (GE), (NOK); Finerman's Firm Owns (FNM) Calls; Finerman's Firm Is Short (COF); Charles Schwab Is A Sponsor Of "Fast Money"; GE Is The Parent Company Of CNBC

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