“Google is a stock that won’t get you fired,” said Kevin Landis, a portfolio manager at Firsthand Funds who hasn’t added to his current Alphabet position since the first quarter of 2019. “Will I be able to double my money in this stock from here? I’m not sure about that.”
Despite those concerns, many investors are finding it hard to say goodbye. The 28% climb in Alphabet and the performance of other technology and tech-related stocks helped money managers post big gains in 2019, making it difficult for many to justify cutting their exposure even as they fret over the implications of its run-up.
Scott Goginsky, a portfolio manager of the Biondo Focus fund, has held off adding to a longstanding position over the last year, concerned that the company’s costs are likely to increase due to its efforts to pre-empt any additional regulatory measures from Washington. That could cut into the margins of businesses like YouTube if it needs to hire additional workers to vet user-posted content, he said.
Alphabet?
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😂God one
Come on Reuters, be nice 🤪
Don't use Google, better companies than Google.
Apple was the first.
the trump saudi group
Haha
Alphabet it.
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Google Parent Alphabet Passes $1 Trillion In Market ValueGoogle parent Alphabet has passed $1 trillion in market value by skleb1234 skleb1234 Dies this include the massive amount of prime real estate they’ve been acquiring? skleb1234 The name for '$1 trillion' is '$1 billion' here in Denmark. skleb1234 And Larry Page who invented Google is only 46 years old.
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