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Playing the Apple Ecosphere

Wednesday, 23 Feb 2011 | 5:52 PM ET

Tech investors are buzzing about the cryptic invitation Apple just e-mailed, for a March 2nd event.

According to the Internet blogosphere, the tech titan is about to debut of a new version of its hot-selling iPad tablet computer – or iPad 2.

Unconfirmed reports suggest the new gadget will be a thinner, more powerful version of the original and may include additional memory and a front-facing camera for video-conferencing.

What’s the trade?

Jon Najarian suggests the excitement about the new iPad is yet another signal that the tablet market is about to explode.

He suggests watching a slew of chipmakers, especially Broadcom , Skyworks and Texas Instruments.

He also thinks Atmel and Linear Technology also stand to benefit in a big way.

Apple Ecosphere
A look at the chip winners on Apple's strength.




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Trader disclosure: On Feb 23, 2011, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s "Fast Money" were owned by the "Fast Money" traders; Seymour owns (AAPL); Seymour owns (BAC); Seymour owns (F); Seymour owns (FXI); Seymour owns (INTC); Seymour owns (STP); Seymour owns (TSL); Kinahan owns (BAC); Kinahan owns (C), is short (C) calls; Kinahan owns (CSCO); Kinahan owns (F); Kinahan owns (GE); Kinahan owns (MSFT) puts; Kinahan owns (NFLX) puts; Kinahan owns (WFC); Kinahan owns (YHOO); Finerman's Firm Is Short (IWM); Finerman's Firm Is Short (SPY); Finerman's Firm Is Short (MDY); Finerman's firm is short (XRT); Finerman's firm is short (IJR); Finerman's Firm Is Long S&P Puts; Finerman's Firm Is Long Russell 2000 Puts; Finerman's Firm And Finerman Own (AAPL); Finerman's Firm Owns (BAC) Leap, Finerman Owns (BAC); Finerman's Firm Owns (BBY); Finerman's Firm And Finerman Own (BP); Finerman's firm owns (FCX) puts; Finerman Owns (GOOG); Finerman's Firm And Finerman Own (HPQ); Finerman's Firm Owns (IBM); Finerman's Firm Owns (JPM), (JPM) Leap; Finerman Owns (JPM); Finerman's Firm Owns (M); Finerman's Firm And Finerman Own (MSFT)’ Finerman's Firm Owns (WMT); Jon Najarian owns (CHK), is short (CHK) calls; Jon Najarian owns (DTV), is short (DTV) calls; Jon Najarian owns (BP), is short (BP) calls;’ Jon Najarian owns (NBR), is short (NBR) calls; Jon Najarian owns (KWK), is short (KWK) calls; Jon Najarian owns (HPQ); Jon Najarian owns (MOS), is short (MOS) calls; Jon Najarian owns (ATML), is short (ATML) calls; Jon Najarian owns (LLTC), is short (LLTC) calls

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For Brian Kelly
Accounts Managed By Kanundrum Capital Own (ROC)
Accounts Managed By Kanundrum Capital Own (AGO)
Accounts Managed By Kanundrum Capital Own (ATW)
Accounts Managed By Kanundrum Capital Own (IAU)
Accounts Managed By Kanundrum Capital Own (SLV)
Accounts Managed By Kanundrum Capital Own (DBA)
Accounts Managed By Kanundrum Capital Own (JJG)
Accounts Managed By Kanundrum Capital Own (EBAY)
Accounts Managed By Kanundrum Capital Own (TLT)
Accounts Managed By Kanundrum Capital Is Short The Yen
Accounts Managed By Kanundrum Capital Is Short The Euro

For Chris Motroni
Motroni has no disclosures

For Doug Kass
Seabreeze Partners Management owns (PNC)

For Jeff Klinefelter
(BODY), (GIII), (GMAN), (RUE) have been investment banking clients of Piper Jaffray during the past 12 months
Piper Jaffray expects to have (BODY) as investment banking clients within the next three months
Other material conflicts of interest for Jeff Klinefelter or Piper Jaffray include (BODY), (GMAN), (RUE) underwriting
Piper Jaffray received non-investment banking securities-related compensation from (GSO)during the past 12 months
Piper Jaffray is a market maker in (BODY), (CROX), (CTRN), (DECK), (GIII), (GMAN), (HOTT), (PSUN), (ROST), (VLCM), (WTSLA), (ZUMZ)
Piper Jaffray buys and sells the securities of(ANF), (ARO), (AEO), (GCO), (GES), (GPS), (JCG), (JCP), (KSS), (PVH), (RL), (RUE), (TGT), (UA), (VFC), (WRC), (ZQK) on a principal basis

For Paul Sankey
Deutsche Bank has received non-investment banking compensation from (OXY) this year
(OXY) has been a client of Deustche Bank Securities within past year
(HES) is an investment banking client of DBSI
Deustche Bank has received non-investment banking compensation from (HES) this year
(HES) has been a client of Deutsche Bank Securities within the past year.
Deutsche Bank owns 1% or more of a class of (MRO) common equity

(MRO) is an investment banking client of DBSI
Deutsche Bank has received non-investment banking compensation from (MRO) this year
(COP) is an investment banking client of DBSI
Deustche Bank has received non-investment banking compensation from (COP) this year
(COP) has been a client of Deutsche Bank Securities this past year.

For Alexandra Lebenthal
Lebenthal has no disclosures

For Mike Khouw
Cantor Fitzgerald & Co. is a market maker in (SLV)

CNBC.com with wires.

  Price   Change %Change
ATML
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BRCM
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LLTC
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SWKS
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TXN
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Halftime Report

  • Jay Yarow, The Business Insider, and Steve Milunovich, UBS, discuss whether Tim Cook is to blame for Apple's drop in growth. I think it's pretty clear they missed the big phone market and overestimated the success of the plastic 5C phone, says Milunovich.

  • CNBC's Eamon Javers reports on Bill Ackman's stake in Allergan. Javers says this is a classic case of insider trading that is not against the rules.

  • FMHR trader Josh Brown thinks Dunkin' Brands looks fantastic technically, while Mike Murphy says investors are questioning the company's massive expansion plans.