US Nasdaq stock alert

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CLOSING UPDATE: Alphabet Class A hits 52-week high third time in one month 18 October 2017 17:52 EDT

NEWS BITES - NORTH AMERICA

This is an end of day Alert, produced after today's NASDAQ market close. It concludes the BSS News Bites intra-day Alert series (summaries below).

Alphabet Class A, NASDAQ's 2nd largest internet company by market capitalisation, hit a 52-week high of $US1,016.31 today for the third time in the past one month and last traded at $US1,012.74. This brought its four-day rise to $US7.09 or 0.7%. Trading volume was 56% of average at the end of the day. Compared with the NASDAQ-100 Index which fell 8.3 points (or 0.1%) in the day, this represented a relative price increase of 0.3%.

Technical indicators complementing today's significant uptrend:

+ The positive 17.14 MACD (Moving Average Convergence Divergence) indicator suggests a bullish signal.

+ The price increased 0.7% in the last week and jumped 8.9% in the last month.

Fundamental measures by comparison with the sector average [in brackets] indicate:

Undervaluation:

+ Price/Sales of 3.2 [3.7]

+ Price to Book of 2.5 [2.9]

+ Return on Equity 14.0% [8.3%]

+ Return on Assets 11.6% [9.8%]

+ Return on Capital Employed 16% [13.4%]

Other Bullish Signals include:

+ The company is cash rich with Cash to Market Capitalisation at 26.7%.

+ Total Liabilities/EBITDA of 1.2 is comfortably below the Joseph Piotroski benchmark of <5.

+ Tobin's Q Ratio is 1.8. Compared with the rest of the market the stock is undervalued.

+ Net profit margin has averaged 21.3% in the last 3 years. This is considered superior and suggests a high margin of safety.

+ The Brand Value represents an impressive 17.5% of the estimated Enterprise Value of $US298.7 billion.

+ As per the Du Pont analysis, Return on Equity of 14.0% is better than sector average of 8.3%.

Note

The stock has outperformed 69% of the NASDAQ market over the past 6 months.

Overbought/Bearish:

The 0.3% discount to 12-month high of $US1,016.31 against the 36.2% premium to 12-month low of $US743.59 suggests the climb might be peaking.

Fundamental measures by comparison with the sector average [in brackets] indicate:

Overvaluation:

Price/Earnings of 33.8 [19.5]

TODAY'S ALERT

Afternoon Alert: Alphabet Class A hits 52-week high third time in one month

18 October 2017 13:28 EDT

Alphabet Inc (NASDAQ:GOOGL) hit a 52-week high of $US1,016.31 today for the third time in the past one month and last traded at $US1,013.0. This brought its four-day rise to $US7.35 or 0.7%. Trading volume was 91% of average so far today.

Alphabet Inc (O:GOOGL)

ISIN: US02079K3059

PermID: 4295899948

CIK: 1652044

CUSIP: 02079K305

Source: www.BuySellSignals.com