Finally! Apple is back!
The stock broke $100 today after getting two big boosts from RBC and Morgan Stanley.
The stock fell back a little right after cracking $100, but then bounced back and has been as high as $100.21. We expect it jump by a few cents on either side of $100 for the rest of the day.
According to Bloomberg, this is the first time it's hit this level since September of 2012. The split-adjusted high for Apple is $100.72, according to Bloomberg.
Analysts and investors have gotten bullish on Apple as they anticipate the iPhone 6 coming this fall. Apple is expected to sell a 4.7-inch iPhone and a 5.5-inch iPhone. Both of those screen sizes dwarf the current iPhone 5S which is 4-inches.
In addition to the iPhone 6, Apple is expected to roll out the iWatch, a wearable gadget, and Apple's first major new product line since the iPad.
SEE ALSO: MORGAN STANLEY: This Time It's Different For Apple