Apple (AAPL) said profits surged by nearly 90% last quarter, with iPods selling like hotcakes and the Mac winning market share from the PC. What makes this breakout even more remarkable - it’s happening amid an options backdating scandal.
Jeff Macke says that AAPL manages their stock unbelievably well. They come out with more excitement quarter after quarter. He adds no one is talking about Steve Jobs’ options package because with numbers like these, “no-one cares!”
Eric Bolling adds, this is the only opportunity to buy Apple before the iPhone is priced into the stock. He says there’s only upside.
Tim Strazzini thinks investors could buy this stock through the iPhone release.
CNBC Silicon Valley Bureau Chief Jim Goldman joins the guys for this conversation.
Jim explains this is supposed to be the slow time of year for Apple. He calls their earnings monumental.
On APR 25, 2007, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders; Strazzini Owns (POT), (GSK), (IBM) Bolling Owns (DIS), Gold, Silver, Corn Bolling Is Short Soybeans, Bolling Is Long (AMZN) Options