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5 Things to Watch in Next Week's Market News

There's no such thing as a summertime lull when earnings season is upon us. Even if you don't feel like alerting the "sell in May and go away" camp of investors, there are plenty of headlines to be written about. Here are five things that will shape the way the market acts in the week ahead.

iCloud Should Add to the Halo Effect for Apple Devices

On Monday, Apple unveiled iCloud, which will allow users to store digital files on remote servers, and access them through smartphones, PCs or tablets. This should give a boost to iTunes, but that accounts for only about 2% of Apple's value. The real gain will be in how iCloud adds to the appeal of Apple's more lucrative devices.

Could Apple's Shares Hit $500 This Year?

Apple's earnings per share nearly doubled last quarter, and its performance the previous quarter was almost as good. But Apple's shares are only up 11% in the last six months, trailing the Nasdaq. Still, there are reasons to believe that the stock will take off.

Why Jobs's Absence May Not Keep Apple Shares Down Long

Twice before the iconic CEO had to leave the company in others' hands, and if that history is any guide, Apple investors may see the stock price do well once again in his absence -- providing they can handle the pain of the drop long enough to enjoy the recovery.

Apple Earnings Set to Shine on iPhone, iPad Sales

As usual, expectations are high, but Apple has a way of exceeding optimistic hopes, partially because it's an inveterate low-baller of financial expectations. The only possible hitch: Apple is having trouble making enough products to meet consumer demand.