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Freshly split Apple shares closed at a high on Tuesday, with investors evidently betting the California company will debut popular new gadgets, perhaps a smart watch and an iPhone 6. "After improving the executive leadership team and adding over a dozen leaders in key areas of competency including fashion, medical research, digital content and marketing and wearables, we believe CEO Tim Cook now has the bench in place to execute on new product categories," Morgan Stanley said in a note to investors. Morgan Stanley recommended being in position for "iPhone 6 and iWatch product cycles" and set a price target of $110 per Apple share. Apple is rumored to be planning a September 9 event to unveil its long-anticipated large-screen iPhone.