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With Apple reporting earnings on Tuesday after the bell, derivative trades are back on the radar. What’s the way to play?
Although a slew of names could move on strong results from Apple, following are a few names CNBC's Fast Money pros like best:SkyworksAs the maker of chips in both tablets and smartphones, trader Pete Najarian likes this company as a related trade because they execute reliably.“They beat on earnings – and revenue,” he says.On July 19th the company reported a third-quarter profit of $49.3 million, or 26 cents per share, but excluding items, it earned 45 cents per share. Revenue rose 9 percent to $389 million.
Analysts on average were expecting earnings of 44 cents per share on revenue of $382.2 million, according to Thomson Reuters I/B/E/S."Based on new program ramps and the depth of our product pipeline, we expect to outpace market growth in the second half of 2012," Chief Financial Officer Donald Palette said in a statement.
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CLASSIC SLIDESHOW: Top Apple Related Stocks for 2012
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