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Intel Vs. IBM Earnings: Pros Take Positions

Intel and IBM are scheduled to report quarterly earnings this week, and the “Fast Money” pros took their positions on the tech giants Monday on CNBC.

OptionMonster.com’s Pete Najarian staked a clear favorite.

“I’m very bullish on IBM,” he said. “I mean, I still love Intel, but I don’t know that Intel’s ready to start moving to the upside because they’ve been so late to the whole mobile game. I still think that’s something in the future that will kick in for Intel, but I’m looking at IBM. They’ve done an absolute magnificent job of acquisitions, getting themselves into the cloud, the data game, as well.”

Karen Finerman of Metropolitan Capital Advisors was less sanguine on IBM.

“I don’t feel like this is unraveling the way an HP would, is,” she said.

Tim Seymour of EmergingMoney.com was slightly more positive.

“To even mention HP, I think it’s apples and oranges,” he said, adding that Wall Street had priced in “a lot of bad news,” which left little surprises ahead.

“I would actually own Intel into the numbers because there’s very little they can tell you,” he said.

Intel reports Tuesday after the bell. IBM reports on Thursday.

Trader disclosure: On Oct. 15, 2012, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s “Fast Money” were owned by the “Fast Money” traders: Scott Nations is long SPY; Scott Nations is long BAC; Scott Nations is long C; Scott Nations is long JPM; Scott Nations is long VIX; Steve Grasso is long AET; Steve Grasso is long ASTM; Steve Grasso is long AUO; Steve Grasso is long BA; Steve Grasso is long F; Steve Grasso is long LF; Steve Grasso is long LNG; Steve Grasso is long MHY; Steve Grasso is long P; Steve Grasso is long NVIV; Steve Grasso is long PFE; Steve Grasso is long S; Steve Grasso is long WYNN; Tim Seymour is long SBUX; Tim Seymour is long WLT; Tim Seymour is long YUM; Tim Seymour is long BAC; Karen Finerman is long AAPL; Karen Finerman is long AAPL PUT SPREADS; Karen Finerman is long BAC; Karen Finerman is long BAC CALL SPREADS; Karen Finerman is long JPM; Karen Finerman is long JPM CALL SPREADS; Karen Finerman is long WMT; Karen Finerman is long TGT; Karen Finerman is long MSFT; Karen Finerman is long M; Karen Finerman is short MDY; Karen Finerman is short SPY; Karen Finerman is short IWM; Pete Najarian is long AAPL; Pete Najarian is long C; Pete Najarian is long JPM CALLS; Pete Najarian is long WFC CALLS; Pete Najarian is long INTC CALLS; Pete Najarian is long SBUX; Pete Najarian is long FB; Pete Najarian is long MSFT; Pete Najarian is long LYB; Pete Najarian is long INTC CALLS; Pete Najarian is long LLY;

For Brad Hintz
The following companies are or during the past twelve (12) months were clients of Bernstein, which provided non-investment banking securities related services and received compensation for such services: GS, MS
An affiliate of Bernstein received compensation for non-investment banking-securities related services from the following companies GS, MS.

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