Giles Coghlan LLB, Lth, MA
Financial Source
With the recent rise in the Nasdaq and the shift into tech stocks on a potential Fed hike coming is Alphabet worth considering on a short term basis? If some countries, like Australia and New Zealand, are expected to return to lockdowns will tech stocks see another leg higher?
Over the last 10 years, Alphabet has risen a total of 09 times in 10 years between July 01 and July 27 with an average return of +8.54%. The largest gain was in 2015 with a 21.16% gain. The largest loss was in 2013 with a -0.63% loss.
Major Trade Risks: Any further hawkish policy from the Federal Reserve is liable to cause stocks to weaken in the near term could potentially hinder growth. However, a steady economic rebound should support tech stocks like Alphabet in the long run.
Alphabet Inc is an American multinational conglomerate headquartered in Mountain View, California. It was created through a restructuring of Google on October 2, 2015, and became the parent company of Google and several former Google subsidiaries.
Our products and commentary provides general advice that do not take into account your personal objectives, financial situation or needs. The content of this website must not be construed as personal advice.
Recommended content
Editors’ Picks
EUR/USD holds gains above 1.0700, as key US data loom
EUR/USD holds gains above 1.0700 in the European session on Thursday. Renewed US Dollar weakness offsets the risk-off market environment, supporting the pair ahead of the key US GDP and PCE inflation data.
GBP/USD extends recovery above 1.2500, awaits US GDP data
GBP/USD is catching a fresh bid wave, rising above 1.2500 in European trading on Thursday. The US Dollar resumes its corrective downside, as traders resort to repositioning ahead of the high-impact US advance GDP data for the first quarter.
Gold price edges higher amid weaker USD and softer risk tone, focus remains on US GDP
Gold price (XAU/USD) attracts some dip-buying in the vicinity of the $2,300 mark on Thursday and for now, seems to have snapped a three-day losing streak, though the upside potential seems limited.
XRP extends its decline, crypto experts comment on Ripple stablecoin and benefits for XRP Ledger
Ripple extends decline to $0.52 on Thursday, wipes out weekly gains. Crypto expert asks Ripple CTO how the stablecoin will benefit the XRP Ledger and native token XRP.
US Q1 GDP Preview: Economic growth set to remain firm in, albeit easing from Q4
The United States Gross Domestic Product (GDP) is seen expanding at an annualized rate of 2.5% in Q1. The current resilience of the US economy bolsters the case for a soft landing.