Cutting Apple stock's price target from $220 to $210, Morgan Stanley analyst Erik Woodring predicted that when the company reports second-quarter earnings next week, it will beat expectations for both sales and earnings. That's the good news. The bad news is that Apple will probably guide 4% below Wall Street predictions.

Investors don’t necessarily need to “step in front of” earnings, but BofA says they could buy any pullback ahead of the “biggest WWDC ever.”

Stocks are looking at their first back-to-back gains for the month Tuesday with a host of blue-chip earnings reporting first-quarter earnings.

Morgan Stanley trimmed its price target on the stock to $210 from $220 on Monday, expecting Apple to give a disappointing forecast when it reports