“Goldman Sachs is recommending investors buy calls in Apple (AAPL) ahead of the always-closely-watched Worldwide Developers Conference which begins on June 10th,” Paul Quintaro reports for Benzinga.
“The firm sees WWDC ‘once again’ being ‘a positive catalyst for shares – this time driven by refreshes of existing services (iCloud and Siri) and/or a preview of the new iOS 7 operating system,'” Quintaro reports. “Goldman believes much of the options market in years past has ‘underestimated the positive nature of this event.'”
Quintaro reports, “The firm noted over the last 10 years, shares of Apple were up about 5 percent on average over the span of 10 days prior to WWDC to one day following the event.”
Read more in the full article here.