Google Inc (NASDAQ:GOOG) (NASDAQ:GOOGL) stock fell by more than 3.5% on Thursday after a disappointing earnings report lead to investors fleeing the company. Directly after the release of the earnings, however, the stock fell by more than 9%. The pull back shows that investors still have confidence in the web giant, even after the poor earnings report.
Analysts at FBN Securities agree with the market view, and reckon that the company’s recent fall is a good opportunity for investors to get in on the stock. According to Shebly Seyrafi, who authored the FBN Securities report, Google Inc (NASDAQ:GOOG) (NASDAQ:GOOGL) is likely to turn around as investors change their mood on internet companies after the momentum bust of recent weeks.
Bonhoeffer Fund's performance update for the month ended July 31, 2022. Q2 2022 hedge fund letters, conferences and more The Bonhoeffer Fund returned 3.5% net of fees in July, for a year-to-date return of -15.8%. Bonhoeffer Fund, LP, is a value-oriented private investment partnership for . . . SORRY! This content is exclusively for Read More
Google is strong despite earnings weakness
Google Inc (NASDAQ:GOOG) is the king of web advertising, and the company has the most compelling and important platform on the