This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Cramer's Action Alerts PLUS - See his portfolio and get alerts BEFORE every trade. Learn more NOW!

Apple WWDC: Expect Upside, Few Surprises

CUPERTINO, Calif. ( TheStreet) -- Even though the eagerly anticipated iPhone 5 and Apple TV are unlikely to materialize at Apple's (AAPL - Get Report) Worldwide Developers' Conference this week, investors could still see positive signs for the tech giant's stock.

" The 'sell in May and go away' axiom ends early for Apple investors," noted FBR Capital Markets analyst Scott Thompson, in a note released on Friday. "WWDC is a catalyst for shares."

The iPhone maker has already promised to highlight software at this year's WWDC and looks set to unveil a new version of its iOS operating system, which could include a new map app and tighter integration with Facebook (FB).

There could also be some new hardware on show, with the blogosphere rife with rumors about new Mac offerings.

"Although an announcement about an iTV product, or even an iPhone 5, is tough to predict, we are fairly confident that a MacBook (Air and Pro) refresh announcement is likely," added Thompson. "We recommend that investors build positions in Apple ahead of the WWDC, and we believe that now is the right time to play Apple before new product catalysts provide support for richer valuations."

Sterne Agee analyst Shaw Wu thinks that despite all the recent rumors about Macs with retina displays and Intel (INTC) Ivy Bridge chip upgrades, the real game changer at WWDC will be software.

"While a lot of anticipation and focus has been on potential new hardware announcements including new Macs, we believe the bigger news could be around new iOS and OS X software features including enhanced Maps and photo sharing," he added, in a note. "We continue to believe that Apple is positioned to outperform in this tough macroeconomic environment."

Apple shares have climbed more than 43% this year to their current level around $580. In April they breached the $600 mark for the first time in history.

TheStreet will be live-blogging the WWDC keynote, starting at 12:30 p.m. EDT on Monday:

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG
AAPL $128.54 -0.63%
FB $80.90 1.63%
GOOG $573.37 -0.05%
TSLA $202.44 1.44%
YHOO $43.99 3.21%

Markets

DOW 18,096.90 -106.47 -0.58%
S&P 500 2,098.53 -9.25 -0.44%
NASDAQ 4,967.1410 -12.76 -0.26%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs