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Apple (AAPL) En Fuego; Shares Surge Ahead of Expected iPhone 5S, 'JOBS' Movie

August 12, 2013 11:39 AM EDT
Shares of Apple, Inc. (NASDAQ: AAPL) are powering ahead Monday as investors position for the iPhone 5S unveiling, expected September 10, 2013. It will be Apple's first iPhone refresh in one year.

In addition to the iPhone 5S launch, analyst Trip Chowdhry at Global Equity Research sees the new movie with Ashton Kutcher, "Jobs", as a potential catalyst for the stock. The movie is expected to be released on August 16th.

Shares are up $11.31, or 2.5%, to $465.76. Since better-than-expected earnings results on July 23, the stock is up 12%.


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