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Apple on Tuesday became the first American company to close with a market cap above $700 billion, while Google overhauled its search engine for medical conditions. Apple also announced more expansion into solar energy, while Google generated buzz with its durable walking dog.
Both tech behemoths made headlines with endeavors outside of their traditional business model. That reaffirmed their strength for some CNBC "Fast Money" traders.
Google is "infiltrating every part of your life," said trader Karen Finerman. Its Class A and Class C stock closed around $540 and $536 per share, respectively. Finerman said she likes the stock at that level.
Trader Steve Grasso agreed, adding that if the Class A stock overtakes $543 per share—its 100-day moving average—it could provide a good entry point.
He was adamant about owning Apple, as well.
"I think it's something that you definitely just buy, you put away," Grasso said.
Trader Guy Adami said Apple with "grind higher" as there are few factors that could derail it right now. Trader Tim Seymour said sentiment might be too high right now after Apple's sterling earning report late last month, but said he would "absolutely invest" in the company.
Tim Seymour is long AAPL, BAC, BX, C, DIS, F, GE, GM, GOOGL, INTC and SUNE. Tim's firm is long BABA, BIDU, BX, CCU, DSKY, FCX, INTC, KNDI, MCD, NKE, NOK, SINA, SBUX, TSL and VIP.
Steve Grasso is long AAPL, BA, CLVS, EVGN, FB, GDX, GOOGL, IMMR, KBH, KDUS, MHY, MJNA, NVIV, PFE, POT, SO, T, TMUS, SOLD MORE TWTR TODAY and YHOO. His firm is long AMZN, FCX, NE, NEM, VALE, RIG, OXY, IBM, KO and MCD. His kids are long EFG, EFA, EWJ, IJR and SPY.
Karen Finerman is long BABA, BAC, C, FINL, FL, GOOG, GOOGL, JPM, M, MTW and KORS. She is long calls C. She is short DIA. Her firm is long AAPL, BAC, PLCE, C, CMLS, DIS, FBT, FINL, FL, GOOG, GOOGL, GPS, IBB, JPM, KORS, M, MTW, SUNE and XBI. Her firm is long calls JPM spreads. Her firm is short IWM, SPY and USO. Karen Finerman is on the board of GrafTech International.
Guy Adami is long CELG, EXAS and INTC. Guy Adami's wife, Linda Snow, works at Merck.