• AAPL Reaches New High on Wall Street

    Shares of Apple have effectively retraced all of their lost steps in the past two years to reach a lofty new perch on Wall Street Wednesday.

    Following an all-time high close on Tuesday, shares of AAPL are trading up on the day again this afternoon, hovering above $107. The stock increase this week is the result of many factors, not the least of which is sustained momentum from last week's earnings report and optimism following Tuesday's SEC filing which revealed just how much capital Apple is putting into R&D for new and improved projects.

    In response to the trajectory Apple has achieved in recent months, some analysts and big investors (with Carl Icahn chief among them) believe this is just the beginning of where shares of AAPL could end up in the year ahead.

    Although meteoric expectations for AAPL have been dashed in the past, this time it appears that more than a few heavyweight market watchers think Apple will easily reach or exceed $120 in the next few months. If Apple has the juggernaut holiday quarter everyone is expecting, however, $120 may be nothing compared to where AAPL sits this time next year.
    This article was originally published in forum thread: AAPL Reaches New High on Wall Street started by Michael Essany View original post
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