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Fast Pro: Just Keep Buying Apple

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.


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Trader disclosure: On Sept. 27, 2011, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s "Fast Money" were owned by the "Fast Money" traders; Joe Terranova: Terranova is long VRTS; Terranova is long OXY; Terranova is long HOS; Terranova is long OIH; Terranova is long CVI; Terranova is long AXP; Terranova is long EMC; Terranova is long WFM; Terranova is long AMZN; Terranova is long WFC; Terranova is long AAPL; Terranova is long IBM; Terranova is long Silver puts.
Zach Karabell: Karabell owns (JPM) and (GOOG). Jon Najarian: Najarian is long (AMZN) call spreads; Najarian is long (ANR) call spreads; Najarian is long (AAPL) call spreads; Najarian is long (NFLX) call spreads; Najarian is long (YHOO) call spreads; Najarian is long (X) call spreads; Najarian is long (WLT) call spreads; Najarian is long (CBOE); Najarian is long (CME); Najarian is long (CIGX).

JOE TERRANOVA
Terranova is Chief Market Strategist of Virtus Investment Partners, LTD
Virtus Investment Partners Owns More Than 1% Of (ABAX)
Virtus Investment Partners Owns More Than 1% Of Building Materials Holdings
Virtus Investment Partners Owns More Than 1% Of (CASS)
Virtus Investment Partners Owns More Than 1% Of (CSVI)
Virtus Investment Partners Owns More Than 1% Of (EXR)
Virtus Investment Partners Owns More Than 1% Of (KRC)
Virtus Investment Partners Owns More Than 1% Of (LHO)
Virtus Investment Partners Owns More Than 1% Of (NRCI)
Virtus Investment Partners Owns More Than 1% Of Sun Pharmaceutical Industries Ltd
Virtus Investment Partners Owns More Than 1% Of (RLI)
Virtus Investment Partners Owns More Than 1% Of (XLB)
Virtus Investment Partners Owns More Than 1% Of (XLV)
Virtus Investment Partners Owns More Than 1% Of (XLP)
Virtus Investment Partners Owns More Than 1% Of (XLE)
Virtus Investment Partners Owns More Than 1% Of (XLF)
Virtus Investment Partners Owns More Than 1% Of (XLI)
Virtus Investment Partners Owns More Than 1% Of (XLK)
Virtus Investment Partners Owns More Than 1% Of (XLU)
Virtus Investment Partners Owns More Than 1% Of (SUBK)
Virtus Investment Partners Owns More Than 1% Of (WDFC)
Virtus Investment Partners Owns More Than 1% Of (YDNT)
Virtus Investment Partners Owns More Than 1% Of Domino's Pizza UK & IRL PLC

ZACH KARABELL
Rivertwice Capital is short (XLF)

David Konrad
KBW expects to receive or intends to seek compensation for investment banking services from Citigroup, Goldman Sachs, Bank of America, JP Morgan and Morgan Stanley in the next three months.

Phil Streible
No Disclosures

CNBC.com with wires.

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