Why Apple (AAPL) Stock Is Gaining Today

NEW YORK (TheStreet) -- Apple (AAPL) was gaining 0.4% to $101.82 Friday after opening pre-orders for the new iPhone 6 and iPhone 6 Plus.

Pre-orders for both new smartphones started at 12:01 a.m. PT Friday, and will start shipping to customers on Sept. 19. Pre-orders for Sept. 19 delivery of the 5.5-inch iPhone 6 Plus sold out within hours, with Apple estimating shipping times of three to four weeks for all models of the larger phone.

Most versions of the 4.7-inch iPhone 6 were available to ship on Sept. 19 as of 12:01 p.m.

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Apple's carrier partners Verizon (VZ) , AT&T (T) , and Sprint (S) all list delays of up to six weeks for the iPhone 6 Plus, according to Reuters.

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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