Canaccord | Genuity is still in love with Google Inc (NASDAQ:GOOGL) (NASDAQ:GOOG) even if the rest of the market might be taking a little pause from the relationship. After higher expenses and slightly slower growth in advertising, resulting in disappointing earnings, the stock is trading down fractionally while the benchmark Nasdaq Composite stock index was trading up 1.45 percent in early morning trade. Google misses earnings estimates After the bell yesterday, Google Inc (NASDAQ:GOOGL) (NASDAQ:GOOG) reported third quarter revenue of $16.52 billion, down slightly from the street’s expectation of $16.58 billion in total revenue. Net income was down 5.3 percent…
Google Inc Earnings Cause Temporary Pause In Market Love Affair
Mark Melin
Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.
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