Why Should You Invest in Google Instead of Apple?

By ChartLabPro.com  JAN 24, 2013 11:15 AM

Plus: Salesforce.com and Netflix are still not overbought.

 


My firm wanted to update readers with information about the tech names that we have been covering. The key takeaway from recent technology trends is to stop hoping you can pick the right multiple and go with what is working.  Ror the last several months, we have said to invest in what is working in tech. We said we like Google (NASDAQ:GOOG) over Apple (NASDAQ:AAPL) repetitively. Readers will recall we went to a sell in APPL back on November 1.  We first alerted readers of Google’s move to a Buy on December 3 and then again alerted readers of its move to a Strong Buy on January 4.  If you averaged in and bought on both days, you should now be up 5.78%.  At this juncture, the name is not overbought and would remain long.


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The next name we have been very bullish on has been Salesforce.com (NYSE:CRM). We first alerted reader of a Strong Buy on CRM back n November 30.  The name is still not overbought and we would remain long.


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Lastly we have Netflix (NASDAQ:NFLX).  We first alerted readers of our Strong Buy on November 16. However, we alerted readers around $100 to reduce exposure and lock in profits. We were clearly early, leaving additional gains on the table. At this point, the name is still not overbought and can remain long.
 

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To learn more about ChartLabPro's algorithm visit www.chartlabpro.com.

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No positions in stocks mentioned.

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