Why Apple (AAPL) Stock Is Up Today

NEW YORK (TheStreet) -- Shares of Apple  (AAPL) rose 1.08% to $99.43 ahead of the tech giant's highly-anticipated news conference at 1 p.m. EST on Tuesday, during which the public expects the company to unveil the iPhone 6 and the oft-rumored iWatch.

The consensus is Apple will reveal two iPhone 6 models, one with a 4.7-inch screen and one with a 5.5-inch screen. Apple will reportedly use Sapphire glass instead of Gorilla glass for the cover of the new iPhone. The company currently uses Sapphire glass for the iPhone 5s' camera lenses and the disk covering for the Touch ID home button.

Apple will also reportedly unveil a new mobile payment system for the iPhone 6 in collaboration with major banks and credit card companies.

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Watch the video below to see why TheStreet's Jim Cramer says the new products will raise Apple's 2015 numbers:


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Separately, TheStreet Ratings team rates APPLE INC as a "buy" with a ratings score of A+. TheStreet Ratings Team has this to say about their recommendation:

"We rate APPLE INC (AAPL) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, notable return on equity, expanding profit margins and solid stock price performance. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook."

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