Apple once again landed on the “Fast Money” traders’ radar Tuesday after the company invited the media to a special iPhone event next week. It’s expected the tech giant will unveil its highly anticipated iPhone 5.
Apple's stock was back up after dropping in the previous session. It had traded lower Monday after JPMorgan put out a note calling iPad orders into questionthanks to supply chain issues out of Asia. The company managed to climb back up to over $400 by the end of the day.
Jon Najarian thinks Apple will still go higher.
“Even though it’s not ripping to the upside like many of these other stocks,” he said, “I think that’s going to happen in the next couple days.”
Joe Terranova agrees. He's bullish on the company.
“Just keep buying Apple,” he said.
However, Zach Karabell is cautious, not necessarily because of the company, but because of the market.
“If the market goes down it will go down less, but it will still go down,” he said. “I’m more market nervous than I am Apple nervous.”
He said he is not a buyer at around $400 but would jump in at $20 to $30 lower.