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Buy, Sell, or Hold Apple Stock at $280?

TheMotleyFool

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Shares of Apple (NASDAQ: AAPL) have been on a tear this year. The stock is up an incredible 77% year to date. The market applauded the company's rapid growth in services and wearables and its return to top- and bottom-line growth as it exited fiscal 2019.

But has the stock's wild gain this year made shares no longer attractive? After all, Apple's price-to-earnings ratio has risen from about 13 at the beginning of the year to nearly 24 now. Has the Street's optimism for the tech company gone too far?

Here's a close look at what's behind Apple's recent impressive execution -- and why it's not time to sell the tech stock yet. Shares may even still be worth buying.

Source Fool.com

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