What’s Driving Apple’s Stock To All-Time Highs?

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Apple shares were trading above $236 Friday afternoon, building on the positive momentum seen for much of the year. Although it’s been a good year for Cupertino, it didn’t start well: Apple lowered its December quarter revenue guidance in early January, reducing its outlook for the first time in 20 years. For the year-to-date period, Apple gained about 48% through Oct. 10 versus the Nasdaq Composite’s 29% advance and the S&P 500’s 19% gain.

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Author: HEDGE

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