Pros: Trading Apple and Its Ecosystem

Shares of Apple slipped Thursday, as skittish investors worried about the future of the company without Steve Jobs at the helm. But Fast trader Steve Cortez wasn’t too concerned.

While Jobs was certainly a great leader, he said the company still has a lot going for it.

“If they had ten things over their competition, now they only have nine,” he said. “At this point they are still way ahead—leaps and bounds—off the competition.”

Peter Misek, an analyst at Jeffries & Company agreed.

“We’d be buyers,” he said. “We think this weakness is really a knee jerk reaction.”

He noted that new CEO Tim Cook has run the company three times in the past.

“Jobs is irreplaceable. He’s a genius,” Misek added. “We suspect he’s got a roadmap for the five, ten plus years out and as long as he stays chairman he can keep touching those roadmaps [and] keep altering the products.”

So what about the rest of the Apple ecosystem?

Trader Jon Najarian likes Broadcom as a play in the ecosystem that extends even beyond Apple.

“I think that is going to be a big area for anybody that stays in the tablet market or that competes with the tablet market, including Samsung or HTC,” he said.

Najarian said he also likes OmniVision Technologies because its front and back facing cameras are on virtually every smartphone.

Guy Adami thinks Qualcomm is finally giving an opportunity to “at least take a look at the stock.” The company’s stock spiked in July but had a monster sell-off since.


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Trader disclosure: On August 25, 2011, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s "Fast Money" were owned by the "Fast Money" traders; Steve Grasso owns (AMD), (ASTM), (BA), (BAC), (C), (D), (JPM), (LIT), (LPX), (LVS), (MAR), (MHY), (NDAQ), (PFE), (PRST), (XHB), (XLB) and (XLI). Guy Adami owns (AGU), (C), (GS), (INTC), (MSFT), (NUE) and (BTU). Steve Cortes is short the Euro. Steve Cortes is short Gold. Jon Najarian owns (GLD) & (GLD) puts. Jon Najarian owns (TXT). Jon Najarian owns (AAPL) call spreads

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