Amid next week’s earnings deluge, which tech names will the Fast Money traders be watching closely -- Apple , Microsoft , and Yahoo .
First and foremost, next week all eyes will be on Apple. The company reports earnings on Monday after the bell. Apple is expected to report earnings of $2.06 a share on revenue of $12.05 billion, according to Thomson Reuters I/B/E/S, with a gross margin of 35.7 percent.
But the traders are really waiting for Wednesday, when Apple could unveil a new tablet computer that investors hope will be as huge a phenomenon as its iconic iPod and iPhone.
The week could provide a pair of long-term catalysts for Apple's stock. But the company's shares often sell off right after major launches after months of rumor fuel big expectations.
What’s the trade?
Long term I love Apple, says Joe Terranova. But the 100-day moving average is $193. If it breaks below that level I'd lighten up in the short term.
I don't see tremendous upside in this stock, says Tim Seymour. If the market goes down Apple has a lot of room to fall.
If you think the market will stop going down then load the boat, says Guy Adami. But if you're like me and think there's more downside, Apple will probably go down faster.
On Thursday Microsoft results could move the market. The software giant is expected to post earnings of 58 cents a share for the period ended in December, and $17.8 billion in revenue, according to analysts polled by Thomson Reuters.
The traders will be particularly keen to hear what Microsoft has to say about Windows 7, which they see as a proxy for the health of the corporate PC upgrade cycle. They also want to hear how Bing is doing versus Yahoo! and Google.
What's the trade?
I think Microsoft numbers will be outstanding, says Pete Najarian.
Yahoo! reports Tuesday after the bell. According to Thomson Reuters, analysts on average are expecting earnings of 40 cents a share on revenue of $2.28 billion.
The traders will be looking to see if Yahoo gained or lost its grip on the Internet search market. According to data from comScore Inc., Yahoo's share of the U.S. market slipped to 17.3% in December, while both Google and Microsoft gained share during the period.
They also want to see what Yahoo! has to say about online advertising.