Stocks To Watch Ahead Of Earnings: Alphabet

With its next earnings report set for around Jul. 23, Alphabet (GOOG) is currently about 1% under a 1,186.99 buy point. The pattern is a second-stage consolidation.

X Keep in mind that jumping into a stock right as it gets ready to report means you likely won’t have enough time to build a profit cushion before the release. That leaves you exposed to a sudden and perhaps sharp drop if the company doesn’t deliver the type of numbers analysts were expecting. You can reduce your exposure by waiting to see how the company reports and how the market reacts. Another way to minimize the risk of a post-earnings sell-off is to use an options strategy.

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The company reported 28% earnings-per-share growth in its most recent report. Revenue increased 26%.

Analysts expect EPS growth of 7% for the quarter, and 22% growth for the full year. Annual growth estimates were recently revised lower.

Alphabet has a 98 Composite Rating and holds the No. 4 rank among its peers in the Internet-Content industry group. Facebook (FB) is the top-ranked stock within the group.

Note: Dates for earnings reports are subject to change. Check the company’s website for any updates.


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