Take a look at some of Thursday's midday movers:
Major averages traded higher with the Dow poised to extend its winning streak to 10 days.
Among the reasons for optimism, the analyst said there are many revenue opportunities now available to Apple which he thinks can return the company to earnings growth in 2014 such as a low priced iPhone. Also, BTIG argued Apple is likely to come to a decision on its cash by the end of the month.
MGM Resorts also traded sharply higher amid heavy volume after Kirk Kerkorian's Tracinda, the company's biggest shareholder, filed with the FTC for permission to buy more stock. Other big shareholders of MGM include John Paulson's Paulson & Co. and David Tepper's Appaloosa Management.