Following the company’s first-quarter earnings report on Tuesday, shares of Apple (NASDAQ: AAPL) are up sharply on Wednesday. At the time of this writing, Apple stock is trading at about $123, up more than 5% for the trading day. The move helped the stock hit a new 52-week high. Apple stock’s move higher on Monday adds to the increasingly bullish sentiment toward the stock recently. In the past six months, shares are up about 23%, easily outperforming the S&P 500’s 5% gain during the same period.