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Indicator Says Stay Long Google, Reduce Profits in Netflix


Both of these stocks are currently Strong Buys.

MINYANVILLE ORIGINAL We wanted to update readers who have been following our ratings on both Google (NASDAQ:GOOG) and Netflix (NASDAQ:NFLX).

First, let's discuss Google. We have mentioned that we would rather be in Google than Apple (NASDAQ:AAPL). We alerted readers on December 3 that Google moved to a Buy from a Hold at $698.58. Today the stock is trading up 1%. At this juncture, we would remain long until a rating downgrade or overbought level.

Next we have Netflix. On November 16, we alerted reader that the company was the most rapidly improving S&P 500 (INDEXSP:.INX) name. The stock was trading at $81.94 and is now up 21.82%. Because of the volatility, we would start to reduce profits. However, this name is not overbought, and it is still rated a Strong Buy.

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No positions in stocks mentioned.
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