Fast Money 360: Pete Najarian Is Bullish On Apple (AAPL)
On CNBC's Fast Money, UBS analyst Maynard Um said that he is a buyer of Apple (NASDAQ: AAPL) into the earnings. He explained that Apple (NASDAQ: AAPL) typically guides conservatively, and he thinks that it will beat the numbers. The key is going to be whether Apple (AAPL) will be able to produce enough iPhones and iPads for the next quarter. Demand should not be the issue.
Carter Worth is also a buyer into the earnings. He said that the stock has consolidated around $250, and it should respond well after the earnings.
Pete Najarian said that options are split ahead of earnings. Volatility and the volume are increasing and people are expecting a move in Apple (AAPL). He expects the stock to move higher and is a buyer.
Guy Adami is a seller. He said that this stock hasn't performed well lately. Today, Apple (AAPL) struggled on the up tape. Guy Adami thinks that $225 would be a great entry point.
Apple (AAPL) fell 1.73% today, and closed at $245.58.
