Apple (AAPL) is expected to introduce a new V.R. headset at its World Wide Developers Conference. Alex Coffey and Renita Young discuss this announcement as Morgan Stanley keeps its overweight rating on the stocks. The analyst notes that historically AAPL underperforms the market during WWDC but "this year could be different" with a V.R. headset. They talk about how AAPL is up nearly 40%. They also note that there are rumors of a new MacBook and iOS. Alex then demonstrates an example trade using AAPL. The trade type is buy a call vertical and the direction is bullish. Tune in to find out more about the stock market today.
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