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No.1 - AT&T Breakout Next Week?

It's been exactly 3 weeks since the iPhone went on sale around the world and already Apple (AAPL) shares are up 17%, but AT&T (T), whose network the iPhone uses, has been left in the dust . With the company poised to announce earnings on Tuesday can we expect any good news?

Pete Najarian tells the panel not to put money in AT&T. He prefers Sandisk (SNDK) Broadcom (BRCM) and ASML Holding (ASML). He also says Apple reports on Wednesday and he expects numbers to be huge.

Jeff Macke doesn’t think the iPhone was such as great deal for AT&T.

Tim Seymour thinks AT&T could present an upside surprise.

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Trader disclosure: On July 20th 2007, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders;Macke Owns (SWY), (INTC); Jon Najarian Owns (RDC), (AAPL); (AMD); (CHL); (CLX); (CME); (F); (JNPR); (NKE); (SWY) (ZMH), (RDC);Jon Najarian Is Short (BX); Seymour Owns (AAPL); (BP); (GLD); (F); (INTC); (YHOO); Pete Najarian Owns (CLX); Seymour Owns (MSFT), (SWC), (HAL), (SLB), (BX); WWE Programs Air On Networks Of NBC Universal, The Parent Company Of CNBC; CNBC Is A Service Of NBC Universal And Dow Jones; Red Star Asset Management Is Short (XOM)