Alphabet (GOOGL)

Mr Index Beating Strategies!

Dec 29, 2023 — 1 min read

Alphabet is killing time until the next move up. Earnings report next month is likely to be the spark. Alphabet likes to to spike. Trading on 21x 2024's earnings vs. SP500's 19x. For the strong earnings growth, that is cheap!

Alphabet's performance relative to the Nasdaq 100 has been relatively flat for nearly two decades. This is unusual. It is to break up or under the support or resistance lines. Obviously, I am expecting the stock to BREAK UP (else why would I be holding it), given the fundamental of the company and relatively low valuation. They just need to get their AI act together. Technology is there. Execution needs work!

Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any trading losses you may incur as a result of this analysis. Individuals should consult with a regulated financial advisors before engaging in any trading activities.

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Alphabet (GOOGL)

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