NEW YORK (TheStreet) -- The broader market again churned higher as earnings reports continue to roll in from big-name companies.
Apple (AAPL) reported fiscal fourth-quarter earnings and beat on the top and bottom lines.
Pete Najarian, co-founder of optionmonster.com and trademonster.com, said on CNBC's "Fast Money" TV show that he would be a buyer on an after-hours dip. He added Apple beat sales estimates for all its major products -- the iPhone, iPad, iPod and Mac -- and most of the report does not include the results of its new product launches.
He also said Japan could be a big opportunity for Apple, which only has a 5% market share in a country that is expected to have 425 million smartphones sold in 2014.
Tim Seymour, managing partner of Triogem Asset Management, said the quarter was fine but the company has failed to make any major inroads in emerging markets.
Jon Najarian, co-founder of optionmonster.com and trademonster.com, said the demand for the new iPad Mini and the iPad Air is overwhelming and expects the holiday season to be very strong.
Guy Adami, managing director of stockmonster.com, said investors seem to be in a "wait-and-see" mode since the stock isn't really moving much. He added that it wouldn't be surprising for the stock to gap either higher or lower on Tuesday.
Ryan Jacob, portfolio manager of Jacob Asset Management, was a guest on the show and said most market participants had expected Apple to be relatively conservative on its guidance. He added that investors want to know what Apple's plans are for its cash and what new products will be released. He concluded there's not a lot of downside risk but a lot of upside potential.