Monday, July 13, 2020

Apple Stock Is Up 30% This Year. What's Next?

Here is the article. 

30% up in 2020
190% up from January 2019

While work-from-home stocks like Zoom Video and Peloton Interactive may have been getting much of the attention in financial media as the highfliers of the current market rebound, the world's most valuable publicly traded company has been regularly hitting new all-time highs as well. Apple (NASDAQ:AAPL) now has a market capitalization of $1.65 trillion, with shares trading above $380. To get here, the stock had to rise about 90% over the past 12 months and 30% in 2020 alone.

With the tech stock climbing so much, many shareholders may be on edge, wondering if they should book their profits. On the flip side, the stock's strong price action may have attracted some new investors who are wondering whether there's still upside ahead for the tech giant.

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