By Roberto Pedone
The traders of
"Fast Money" loved the quarter that was reported on Wednesday by
reporter Jim Goldman told the traders that Apple reported its best nonholiday quarter in history as iPhone revenue surpassed iPod revenue for the first time. Pete Najarian said it was incredible that Apple could do so well during such a harsh economic environment.
Tim Seymour told viewers on Wednesday's "Fast Money" Halftime Report that it's not too late to buy some Apple. He said the average Wall Street analyst target is now sitting at $195, and he thinks the stock has plenty of room to run higher.
The bullish report out of Apple wasn't enough however to help push the stock market higher Wednesday after the market was hit with some disappointing results from top banks such as
. The crew think that investors would be better off in the best banks, such as
Goldman Sachs Group
, and avoid the regional banks.
The "Fast Money" crew has recently highlighted trading ideas that play off a potential comeback in commodity stocks, bank stocks and global growth stocks. Here are some highlights from over the past week as aggregated from the show.
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