Here's why traders are betting on Alphabet into earnings

  • 📰 CNBC
  • ⏱ Reading Time:
  • 37 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 18%
  • Publisher: 72%

United States News News

United States United States Latest News,United States United States Headlines

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.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

TradingNation I want to see revenue from foreign-government-owned entities called out separately.

TradingNation Hep dinleme bunlar bzzzzz〰️bağ 👆he he kapı aq

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in US

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

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.
Source: CNBC - 🏆 12. / 72 Read more »

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. why after earnings? is that part of technical analysis?
Source: CNBC - 🏆 12. / 72 Read more »

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. None of the above. I’m going to watch trump get booed alllll day!!! Just keep printing baby
Source: CNBC - 🏆 12. / 72 Read more »

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.
Source: BusinessInsider - 🏆 729. / 51 Read more »