Four Reasons AAPL Will Trade at $700 by October

WWDC is minutes away . Given the tendency of Apple

price movement to underwhelm in the days surrounding major announcements, I do not believe the stock will have a $600 handle today. However, I fully believe the stock is in queue to make higher highs in the coming 4 months. Here are the top reasons why:

The mere fact that this much-anticipated product will materialize will catalyze a major momentum into the stock, sending shares higher. Media is the driver of this catalyst rather than the size of new revenues brought in by a future Apple TV set.

We almost know by now that the iPhone 5 (or iPhone 6 or just The New iPhone) will be a longer, thinner iPhone 4 chassis with speedier processors and shiny new 4G/LTE bragging rights. Unlike the iPad and various Macs, the current iPhone users recirculate every 2-years. With several pre-paid carriers jumping on the unsubsidized iPhone bandwagon, sales may reach higher highs. That's not hype, it's fundamentals.

New iMaps replacing Google Maps are almost a certainty minutes ahead of the WWDC. This catalyst does relates to major upside to mobile ads. Remember that Apple is already waist-deep on this space with iAds. Much like the developer model that entitles the company to 30 percent of revenues, Apple stands to make a healthy cut of an ever-expanding pie of mobile advertising on the go. As an aside on this point, the replacement of Google Maps will have investors thinking ahead of the next year's conference when Apple announces it is supplanting Google Search for its own Siri-powered solution.

That a beta product like Siri became the headlining feature of the iPhone for almost a year is impressive. The Siri disappointment has not been lost on users, or on Apple. Expect Apple to announce a [finally] finished version (at least as “finished” as software tends to be). Siri has been touted as a continuously evolving artificial intelligence unit. With droves of [new] users teaching it plenty, it won't be long until it learns some new algorithms to catalog this [and other] knowledge. Remind you of Google?

There is a solid chance that this feature finally makes it after being rumored for close to three years. While it will take longer for the near-field communications infrastructure to become a mainstream way of making purchases by using mobile devices, this opens up the possibilities for a whole new level, one in which Apple becomes a hub for commerce, not just online, but anywhere device-holders go. This way, Apple will truly become an economy onto itself. GOOG is already feeling the pinch this morning, down over 1 percent. AAPL is still making its mind - currently up 1 percent nonetheless - but may break on the upside before correcting as the market sizes the announcements against expectations. Of note, FB is up 2 percent, and that change may reach the double digits if Apple presenters put the “right” emphasis on the Facebook integration.