Getting Ahead Of Apple Earnings
With the frenzy of the new 3G iPhone release squarely behind us, investors are focussed on those all important Apple earnings due next week.
The tech titan’s” iGadgets” and “iSoftware” have become nearly synonomous with edgy design and innovation. But is that enough of an edge to boost the bottom line?
"I think the fundamentals in Apple are phemonenal," says Piper Jaffray analyst Gene Munster on Fast Money. "We think Apple is coming into a strong June quarter and we like the new products coming out."
If you watch the show regularly you know that Munster is a big Apple bull. "I think this quarter is one you want to be long based on the belief that the back half of the year for Apple will be very strong."
I’m bullish too, says Pete Najarian. At $199, Apple should sell enough iPhones that they begin to provide a tailwind for Mac sales.
And that leads to our Charles Schwab Question of the Day!
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Trader disclosure: On July 17, 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 (WMT), (GS), (MSFT), (HAS); Adami Owns (AGU), (BTU), (C), (GS), (INTC), (MSFT), (NUE); Najarian Owns (AAPL), (CHK), (TSO), (XLF); Najarian Owns (ANR) Puts; Najarian Owns (CSCO) Calls, (MER) Calls, (SLB) Calls, (YHOO) Calls, (UYG) Calls; Finerman Owns (GS); Finerman's Firm Owns (MSFT), (NOK), (TSO), (SUN), (VLO), (AXP), (MRK), (PM); Finerman's Firm Is Long SPX Index puts; Finerman's Firm And Finerman Own (C) And (C) Leaps; Finerman's Firm Is Short (IYR), (IJR), (MDY), (SPY), (IWM)
Charles Schwab Is A Sponsor Of "Fast Money"
Piper Jaffray Is A Market Maker In (AAPL), (AMZN), (EBAY), (BIDU), (GOOG), (SOHU), (YHOO)