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How Will Apple (AAPL) Stock React to September Event?

NEW YORK (TheStreet) -- Apple (AAPL) sent out invitations this morning for an event on September 7 during which it is expected to reveal new iPhones and updated Apple Watches, The Verge reports.

The iPhone maker will likely unveil a new model of the phone that is speculated to have fewer antenna lines and no headphone jack. The new model also is expected to be more water resistant and to have a dual camera system to take improved photos.

As for the Apple Watch, the Cupertino company might release new models with quicker internal components and GPS as...