FANG stock Alphabet cleared a key rating benchmark Wednesday, with an IBD Relative Strength Rating jump from 78 to 81. Earnings growth for Google-parent Alphabet rose in the company's most recent report from -2% to 16%, but sales growth fell from 20% to 17%. On the company's Feb. 3 earnings news release, CEO Sundar Pichai said, "Our investments in deep computer science, including artificial intelligence, ambient computing and cloud computing, provide a strong base for continued growth and new opportunities across Alphabet." Read More...
FANG Stock And Google-Parent Alphabet Tops Pivotal Rating Benchmark
FANG stock Alphabet cleared a key rating benchmark Wednesday, with an IBD Relative Strength Rating jump from 78 to 81. Earnings growth for Google-parent Alphabet rose in the company’s most recent report from -2% to 16%, but sales growth fell from 20% to 17%. On the company’s Feb. 3 earnings news release, CEO Sundar Pichai said, “Our investments in deep computer science, including artificial intelligence, ambient computing and cloud computing, provide a strong base for continued growth and new opportunities across Alphabet.”
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