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Traders: How to play stumbles by Apple, Twitter

Two big-name technology stocks have stumbled recently, and "Fast Money" traders on Tuesday debated whether they could recover.

Apple shares climbed Tuesday, breaking an eight-day slide driven by disappointing quarterly earnings, iPhone sales and guidance. Twitter's stock, meanwhile, fell 2.7 percent on the day, touching an all-time low during the session. The social media company also gave a weak outlook when it posted quarterly results.

Apple shareholder Pete Najarian said he bought more of the stock last week despite the company's struggles.

"I believe in the company, I believe in where the direction is," he said, adding that long-term investors may benefit from eventual expansion in places like India.

Apple iPhone
Michaela Rehle | Reuters

While he noted that India offers "an amazing long-term growth opportunity," trader Dan Nathan believes Apple has more pain ahead. He contended it could slide even more from its current levels.

Turning to Twitter, Nathan said he has been long and "wrong" in the stock. He said the company has had trouble growing its audience but added it could still be a takeover target.

Najarian argued he would stay away from the stock altogether.

"It just is not showing us any life at all," he said.

Trader Brian Kelly acknowledged that Twitter has unique value. He said the company should focus on engaging with the users it has now rather than adding new users.

Disclosures:

Karen Finerman

Karen is long BAC, C, DRII, DRII calls, FB, FL, GOOG, GOOGL, JPM, LYV, KORS, M, SEDG, SPY puts, URI. Her firm is long ANTM, AAPL, BAC, C, C calls, DRII, DRII calls, FB, GOOG, GOOGL, JPM, JPM calls, KORS, LYV, M, MOH, NRF, PLCE, SPY puts, URI, her firm is short IWM, MDY. Karen Finerman is on the board of GrafTech International.

Brian Kelly

Brian Kelly is long BBRY, Bitcoin, GLD, SLV, US Dollar; he is short Australian Dollar, BLK, CS, DB, Euro, EWA, EWH, FRC, Hong Kong Dollar, UBS, Yuan, 5-Year Note Futures

Pete Najarian

Long AAPL, BAC, BMY, CSCO, DIS, DISCA, GE, KMI, KMI.A, KO, LUX, MRK, PEP, PFE, SAVE, VIAB, ZIOP Long Calls: AAL, AGN, AKS, AMJ, COP, EGO, EWZ, HAIN, HBAN, KATE, KBH, KMI, LLY, MSFT, MT, NLNK, SBUX, SLV, SPG, TCK, UAL, YHOO Long Puts: FCX, NOV, PBR, VLO

Dan Nathan

Long PFE Long TWTR, sept risk reversal WMT long May 65 puts GE long May 28 puts XHB long June put spread IWM long Sept 100 put XLB long June put spread XRT long June 45/38 put spread XLF long May/ Sept Put spread HYG long June put spread XLK long Sept Put spread