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Apple Extends Rally, Solidifying 2019 as Best Year in a Decade

  • Stock up 82% after overcoming forecast cut, trade war concerns
  • Optimism for 2020 rising with 5G iPhone debut on the horizon
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Apple Shares Will Hit $305, Says Piper Jaffray

Apple Inc. shares rose on Thursday, hitting their latest in a series of record highs as the iPhone maker remained on track for its best annual performance in a decade.

The stock rose as much as 1.6% in the first U.S. trading day after Christmas, when markets were closed. Contributing to the positive tone, early reads on spending in the holiday shopping season have been strong, and Apple products -- notably its AirPods and iPhone -- were widely cited as “must-have” items on customer wish lists, according to an Evercore ISI survey.