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Pros Share Apple iPad 3 Derivative Plays
07 Mar 2012 EST - CNBC.com
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Ahead of Apple’s expected announcement of the iPad 3 , the “ Fast Money ” traders shared a few second-derivative ways to play the space.

Pete Najarian of OptionMonster.com liked OmniVision Technologies, an image-sensor company that already exists within Apple’s ecosystem.

Najarian noted that Robert W. Baird raised its price target to $23 per share from $19.

“There are multiple different directions that you can go, but that’s the direction I would go,” he said Tuesday.

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NEW SLIDESHOW: Top Apple-Related Stocks for 2012

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Apple announced an event in San Francisco to take place Wednesday with an invitation that read, “We have something you really need to see. And touch.”

Industry watchers expect Apple to unveil a new iPad with a larger screen, faster processor and a better camera, perhaps even calling it the iPad HD.

OptionMonster.com cofounder Jon Najarian liked NXP Semiconductors.

Already among the Apple suppliers list, the company developed near-field communications, which enabled mobile payments.

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