The same factors that torpedoed Snap Inc.'s earnings results ominously linger as investors await Alphabet Inc. parent Google's financial results on Tuesday. Read More...
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Google Faces Test
Google recently reclaimed its 50-day line and broke a trend line, offering an early entry. But shares fell back below their 50-day line Friday as Snap’s weak revenue and guidance hit the digital ad ecosystem. Google earnings are due Tuesday night. Some negative news may have been priced into Google stock, but that’s no guarantee. Google has had a strong run over the past year thanks to booming growth.
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