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CLOSING UPDATE: Alphabet Class C keeps rising: up 3.4% in 3 days 18 June 2018 18:09 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 C, NASDAQ's largest internet company by market capitalisation, extended its gains on Monday, rising an additional $US21.20 (or 1.8%) to trade at $US1,173.46. Trading volume was 66% of average at the end of the day. The shares have risen $US38.67 (or 3.4%) over the past three trading days vs. the NASDAQ-100 Index which has risen 0.6% in the same period.

Technical indicators complementing today's significant uptrend:

+ The positive 25.72 MACD (Moving Average Convergence Divergence) indicator suggests a bullish signal.

+ The price lifted 3.8% in the last week and jumped 8.5% in the last month.

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

Undervaluation:

+ Return on Equity 8.3% [6.1%]

+ Return on Assets 6.4% [5.6%]

+ Return on Capital Employed 15.7% [13.3%]

Other Bullish Signals include:

+ The company is cash rich with Cash to Market Capitalisation at 24.8%.

+ Total Liabilities/EBITDA of 1.6 is comfortably below the Joseph Piotroski benchmark of <5.

+ Net profit margin has averaged 18.3% in the last 3 years. This is considered superior and suggests a high margin of safety.

+ As per the Du Pont analysis, Return on Equity of 8.3% is better than sector average of 6.1%.

Note

The stock has outperformed 57% of the NASDAQ market over the past 6 months.

Bearish Signals:

Tobin's Q Ratio is 2.1. Compared with the rest of the market the stock is overvalued.

Overbought/Bearish:

The 1.1% discount to 12-month high of $US1,186.89 against the 31.1% premium to 12-month low of $US894.79 suggests the climb might be peaking.

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

Overvaluation:

Price/Earnings of 49.8 [35.0]

TODAY'S ALERT

Afternoon Alert: Alphabet Class C keeps rising: up 2.6% in 3 days

18 June 2018 13:20 EDT

Alphabet Inc (NASDAQ:GOOG) extended its gains on Monday, rising an additional $US12.34 (or 1.1%) to trade at $US1,164.60.

RECENT ALERTS

CLOSING UPDATE: Alphabet Class C decreases gains by 0.1%, led Internet sector higher

14 June 2018 17:57 EDT

Alphabet Class C, NASDAQ's largest internet company by market capitalisation, has increased 1.5% to trade at $US1,152.12 vs. the Internet sector which strengthened 79.8 points (or 1.4%) to 5,907.1. Representing a weighting of about 42.0% of the sector, the stock accounted for 46.8% of today's gain. Trading volume was 63% of average at the end of the day. Compared with the NASDAQ-100 Index which rose 74.3 points (or 1%) in the day, this represented a relative price increase of 0.5%.

Afternoon Alert: Alphabet Class C increases 1.6%, leads Internet sector higher

14 June 2018 13:20 EDT

Alphabet Inc (NASDAQ:GOOG) has increased 1.6% to trade at $US1,153.49 vs. the Internet sector which strengthened 85.0 points (or 1.5%) to 5,912.2. Representing a weighting of about 42.0% of the sector, the stock accounted for 47.4% of today's gain. Trading volume was 1.2 times average so far today.

Alphabet Inc (O:GOOG)

ISIN: US02079K1079

PermID: 4295899948

CIK: 1652044

CUSIP: 02079K107

Source: www.BuySellSignals.com