Alphabet could take out its all-time highs after earnings, says top technical analyst

  • 📰 CNBC
  • ⏱ Reading Time:
  • 26 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 72%

United States Headlines News

United States Latest News,United States Headlines

The tech sector has nearly doubled the markets gains this year, and those wins may get even bigger after Alphabet reports earnings Monday afternoon.

XLK Technology ETF

"This is one of the few big, big, super-cap names left, and I would say this is going to be one of the good ones, rather than one of the poor ones," Cornerstone Macro's Carter Worth said Friday on CNBC's ""If you wanted to, right, you can call this kind of thing a 'cup and handle,'" said Worth, "People like that setup, meaning that you approach a high, you can't do it, you back away, but you back away and make a shallower low, and then...

Source: News Formal (newsformal.com)

 

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

why after earnings? is that part of technical analysis?

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 Latest News, United States Headlines

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

Google results to share stage with U.S. antitrust probeBeyond fresh insights into Alphabet Inc's quarterly earnings on Monday, fin...
Source: Reuters - 🏆 2. / 97 Read more »

S&P 500 jumps to record high on strong earnings, trade-deal progressThe S&P 500 hit an all-time high today following strong earnings and progress on U.S.-China trade. The S&P 500 rose 0.3% at the open to trade above 3,027.98, the record set on July 26. Anyone want to guess where it's closing though? At this rate it's about to blow through 3050. Strong earnings😂😂😂 What is the progress on the trade deal, specifically?
Source: CNBC - 🏆 12. / 72 Read more »

S&P 500 hits record high at opening bell on trade, geopolitical optimismU.S. stocks opened higher Monday on the back of easing U.S.-China trade tensions and an extension of the Brexit deadline, setting a fresh all-time intraday...
Source: MarketWatch - 🏆 3. / 97 Read more »

Tiffany is going to want much more than $14.5 billion to sell to French luxury giant LVMH, analyst saysOppenheimer's Brian Nagel said he expects Tiffany is looking for more like $140 per share — right around the stock's all-time closing high back in July.
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 »

He”s Back.... 82 wins!!! He looked so comfortable swinging the clubs...great tournament ⛳️ Anywhere the presidential medal of freedom I lost it for him when he accepted it USA TODAY. THIS IS GREAT! MY SON CONTINUES TO DO WELL! SINCERELY MS. SHELLIE GARY.
Source: USATODAY - 🏆 100. / 63 Read more »