As Apple disclosed its list of suppliers for the first time Friday, the “Fast Money” pros picked the following companies as ones to watch.
“They’re not really giving you a strong read-through into which ones on that list you should pick up. Should you pick up Broadcom? Yes. It is part of this,” OptionMonster cofounder Jon Najarian said. “Now Sony’s on their list as far as their cameras. I found that interesting, but it looks like they’re throwing a lot of names out there, some of which could be very small on the supply list.”
Najarian also noted such names as Seagate, whose stock price recently set a new 52-week high, and Western Digital.
In all, Apple mentioned 156 companies as part of its “Apple Supplier Responsibility: 2012 Progress Report.”
The document address concerns about its suppliers, which have at times met with criticism over practices regarding labor and human rights, worker health and safety, and environmental impact.
Retail expert Patty Edwards of Trutina Financial maintained her bullish stance on one stock she already owns.
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NEW SLIDESHOW: The Biggest Momentum Stocks of 2011: Buy or Sell?
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“Qualcomm is one that I’ve been playing for quite a while because it’s not just Apple-centric,” she said. “The future is these small handheld devices. Qualcomm is playing there, so that’s where I’m putting my money.”
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- Pros Like Target for Reasons Other Than Apple
- Broadcom CEO's Company Outlook
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Trader disclosure: On Jan. 13, 2012, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s "Fast Money" were owned by the "Fast Money" traders: Najarian owns AAPL; Najarian owns BAC; Najarian owns GS; Najarian owns BCS; Najarian owns TXT; Najarian owns URBN; Najarian owns INTC; Najarian owns CMC; Najarian owns FSLR; Najarian owns WYNN; Najarian owns DHI; Najarian owns LEN; Najarian owns WLT; Grasso owns ASTM; Grasso owns AVAV; Grasso owns BA; Grasso owns D; Grasso owns LIT; Grasso owns MHY; Grasso owns PFE; Grasso owns PRST; Grasso owns S; Grasso owns WFT; Grasso owns XLU; Edwards is long PM; Weiss is long EUO; Weiss is short FXA;
Steve Grasso
Stuart Frankel & Co and it’s partners own CSCO
Stuart Frankel & Co and it’s partners own CUBA
Stuart Frankel & Co and it’s partners own GERN
Stuart Frankel & Co and it’s partners own HPQ
Stuart Frankel & Co and it’s partners own HSPO
Stuart Frankel & Co and it’s partners own MU
Stuart Frankel & Co and it’s partners own NYX
Stuart Frankel & Co and it’s partners own PRST
Stuart Frankel & Co and it’s partners own WFT
Stuart Frankel & Co and it’s partners own XRX
Patty Edwards
Trutina Financial is long PM
Trutina Financial is long C
Trutina Financial is long GLD
Trutina Financial is long MSFT
Trutina Financial is long INTC
Trutina Financial is long AMZN
Trutina Financial is long EBAY
Colin Gillis
Investment banking (next 3 months): BGC Financial LP and/or its affiliates, expect to receive, or intend to seek, compensation for investment banking services within the next three months from all of the companies referenced within this report.
Lead or Co-manager: BGC Financial LP and/or its affiliates, has not acted as lead or co-manager in a public offering of equity and/or debt securities for Google within the last 12 months. BGC Financial LP and/or its affiliates has not received compensation for investment banking services in the last 12 months from Google.
Investment banking (next 3 months): BGC Financial LP and/or its affiliates, expect to receive, or intend to seek, compensation for investment banking services within the next three months from all of the companies referenced within this report.
BGC Financial LP and/or its affiliates, has not acted as lead or co-manager in a public offering of equity and/or debt securities for eBay within the last 12 months. BGC Financial LP and/or its affiliates has not received compensation for investment banking services in the last 12 months from eBay.
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Lead or Co-manager: BGC Financial LP and/or its affiliates, has not acted as lead or co-manager in a public offering of equity and/or debt securities for Microsoft within the last 12 months. BGC Financial LP and/or its affiliates has not received compensation for investment banking services in the last 12 months from Microsoft.
Dan Ives
FBR acts as a market maker or liquidity provider for the company's securities: NUAN.
Gerard Cassidy
A member company of RBC Capital Markets or one of its affiliates received compensation for investment banking services from JPMorgan Chase & Co. in the past 12 months
A member company of RBC Capital Markets or one of its affiliates managed or co-managed a public offering of securities for JPMorgan Chase & Co. in the past 12 months
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RBC Capital Markets is currently providing JPMorgan Chase & Co. with non-securities services
RBC Capital Markets has provided JPMorgan Chase & Co. with investment banking services in the past 12 months.
RBC Capital Markets has provided JPMorgan Chase & Co. with non-investment banking securities-related services in the past 12 months
RBC Capital Markets has provided JPMorgan Chase & Co. with non-securities services in the past 12 months
A member company of RBC Capital Markets or one of its affiliates received compensation for products or services other than investment banking services from JPMorgan Chase & Co. during the past 12 months. During this time, a member company of RBC Capital Markets or one of its affiliates provided non-investment banking securities-related services to JPMorgan Chase & Co
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