This story was originally published here.
Alphabet (NASDAQ:GOOGL, GOOG) Hasn’t had what you could call a banner year. Goog stock has given back all of its year-over-year gains, but when other companies are doing so much worse, it’s a bit of a bright stop.
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Large-cap tech stocks have shielded shareholders from the brunt of the pain being doled out this year. The so-called FAANG gang have enjoyed rapid-fire recoveries while many small-cap stocks continue to struggle.
Again, Alphabet hasn’t zipped to new record highs like Amazon (NASDAQ:AMZN) and Netflix (NASDAQ:NFLX), it is holding its own ahead of next week’s earnings report. Today we’re taking a fresh look at GOOG stock and offering up two trade ideas for bulls.
You can see the widening gap between tech behemoths and small caps by comparing the Nasdaq-100 and Russell 2000. Consider the following overlay of the PowerShares QQQ Trust (NASDAQ:QQQ) in candlestick form and the iShares Russell 2000 Index (NYSEARCA:IWM) as a line chart.
I was surprised to discover they’ve actually been tracking each other quite well since rebounding off the March lows. QQQ is up 28%, while IWM is up 26%. But it’s the distance from their respective 52-week highs that makes the big difference.
Tech stocks have aggressively clawed their way back and only need to rally another 13% to get back to their peak. In contrast, IWM needs to run another 41% before returning to its January high.
Editor's Note: To keep reading and see how to trade GOOG, click here.
65 Unique Ways ANYONE Can Make Extra Cash (Without Getting a Second Job)
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And the best part…
Neil George has set aside copies of his book, Income for Life, and he’s willing to send you a hardback version today, ABSOLUTELY FREE (just pay shipping).
(Just 517 copies left, so click here to claim yours before it's ripped away.)
Here's just a sample of what you can find inside:
- Learn the secret of the $50,000 lump sum Social Security check. Seriously, it couldn’t be easier!
- Use what Neil calls the “F.H.A. Loophole” to get the government to pay your mortgage – PLUS receive hundreds in extra cash on top.(Page 217)
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- Get paid every time your favorite song gets played on the radio! This little-known website allows you to tap into royalty payments every time your favorite song is played on the radio. Some lucky folks collect thousands of dollars a year! (Page 307)
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Needless to say, this book has become highly sought after.
So if you don't claim your free copy of Income for Life today, we'll send it to the person behind you in line…
