Here's why traders are betting on Alphabet into earnings $GOOGL (via TradingNation)
"I actually used that strength … to add to my portfolio last week," Gordon said on CNBC's "" on Monday. "We've just been bumping up against this $1300 region and the rest of the FANGs have not. I'll even point your attention to Google relative to the Nasdaq. You're even seeing Google outperform the Nasdaq-tracking [ETF]."has risen 1% in the past three months, a quarter of the gains seen in Alphabet stock.
"I don't see it losing any of its momentum," Mark Tepper, president of Strategic Wealth Partners, said during the same segment. "It is the fastest-growing company in the world with over $100 billion in annual sales. Tepper adds that its diversified business model also works to its advantage, helping it to derive revenue growth across the company.
"They're the number one player in digital advertising and companies continue to move away from traditional advertising towards digital. Their cloud business is growing at 33% year over year, Google Maps has over a billion users that haven't been monetized yet and quite frankly I think YouTube is an underappreciated asset," he said.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Google results to share stage with U.S. antitrust probeBeyond fresh insights into Alphabet Inc's quarterly earnings on Monday, fin...
Lire la suite »
Alphabet earnings reaction, housing data: 3 things to watch in Tuesday's marketsWe'll get Wall Street's reaction to Alphabet earnings, earnings from General Motors and Mastercard and a slew of economic data on Tuesday.
Lire la suite »
Alphabet could take out its all-time highs after earnings, says top technical analystThe tech sector has nearly doubled the markets gains this year, and those wins may get even bigger after Alphabet reports earnings Monday afternoon.
Lire la suite »
What to watch today: Dow to rise, Alphabet to report earnings, and Brexit extension approvedU.S. stock futures point to a higher Wall Street open, giving the S&P 500 another chance to break its July record highs.
Lire la suite »
Google parent Alphabet is set to report 3rd-quarter earnings on Monday. Here's what Wall Street analysts are saying ahead of the results.Analysts expect Alphabet to post about $9.72 billion in profit on $32.72 billion in revenue for the third quarter.
Lire la suite »
3 reasons to get life insurance before your first child is bornIf you don't have a life insurance policy but plan to have a baby in the next year or so, here's why it's a good time to consider getting one.
Lire la suite »