As of Nov. 5, 2024, three stocks in the consumer discretionary sector could be flashing a real warning to investors who value momentum as a key criteria in their trading decisions.

The RSI is a momentum indicator, which compares a stock’s strength on days when prices go up to its strength on days when prices go down. When compared to a stock’s price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered overbought when the RSI is above 70, according to Benzinga Pro.

Here’s the latest list of major overbought players in this sector.

Yum China Holdings Inc (NYSE:YUMC)

• On Nov. 4, Yum China reported better-than-expected third-quarter EPS and revenues. Revenue increased 5% year over year to $3.07 billion, beating the consensus of $3.05 billion. Joey Wat, CEO of Yum China, said, “By optimizing our delivery strategy, we have captured more smaller order transactions and gained market share on aggregator platforms. Our breakthrough business models, side-by-side KCOFFEE Cafes and Pizza Hut WOW, enabled us to broaden our addressable market and capture new customer demand, reaching 500 and 150 stores, respectively.” The company’s stock gained around 8% over the past five days and has a 52-week high of $51.68.
• RSI Value: 76.25                              
• YUMC Price Action: Shares of Yum China gained 7.2% to close at $48.30 on Monday.

Trip.com Group Ltd (NASDAQ:TCOM)

• On Nov. 4, Bernstein initiated coverage on the stock with an Outperform rating and announced a price target of $85. The company’s stock gained around 3% over the past five days and has a 52-week high of $69.67.
• RSI Value: 70.45
• TCOM Price Action: Shares of Trip.com gained 3.1% to close at $67.24 on Monday.

Everi Holdings Inc (NYSE:EVRI)

• On July 26, Everi entered an agreement to be acquired by funds managed by Apollo affiliates for $14.25 per share in cash. The company’s stock gained around 1% over the past month and has a 52-week high of $13.40.
• RSI Value: 80.82
• EVRI Price Action: Shares of Everi Holdings fell 0.1% to close at $13.32 on Monday.

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Palantir Technologies Inc (NYSE:PLTR) shares are in the spotlight Monday ahead of earnings after the bell. Here’s what you need to know before the report.

What To Know: Palantir is scheduled to report financial results for the third quarter after the market close on Monday. Analysts are expecting the company to report earnings of 9 cents per share and revenue of $701.13 million, according to estimates from Benzinga Pro.

Last quarter, Palantir beat estimates on the top and bottom lines as revenue grew 27% year-over-year, led by strength in U.S. commercial revenue. Revenue from U.S. commercial customers grew 55% year-over-year as the company’s U.S. commercial customer count jumped 83%.

Palantir guided for third-quarter revenue of $697 million to $701 million and raised its full-year revenue outlook. The company also said it expected third-quarter adjusted income from operations of $233 million to $237 million and noted that it continues to expect GAAP operating income and net income in each quarter this year. The company’s most recent quarter marked Palantir’s seventh consecutive quarter of GAAP profitability.

“Our growth across the commercial and government markets has been driven by an unrelenting wave of demand from customers for artificial intelligence systems that go beyond the merely performative and academic,” Palantir CEO Alex Karp said in a letter to shareholders last quarter.

See Also: Tesla Investors Confuse ‘Valuation And Stock Price,’ Says Gary Black As Investor Sees Recovery In Stock

In a note last month, Wedbush analyst Dan Ives maintained an Outperform rating on Palantir shares and lifted the price target from $38 to $45, citing increased confidence in the company’s enterprise-driven AIP strategy.

The Wedbush analyst highlighted a series of checks suggesting that more and more enterprises are entering into discussions about the potential deployment of Palantir’s AI platform.

“With AI spending expected to ramp significantly within IT budgets in 2025, we believe the Messi of AI – Palantir is in a prime spot to continue expanding its pipeline/deal flow,” Ives said.

On the other hand, Mizuho analyst Matthew Broome maintained Palantir with an Underperform ahead of earnings, but raised the price target from $24 to $30.

PLTR Price Action: Palantir shares are up approximately 144% year-to-date. The stock was roughly flat Monday at $41.75, according to Benzinga Pro.

Photo: Shutterstock.

On CNBC’s “Mad Money Lightning Round,” Jim Cramer recommended buying CyberArk Software Ltd. (NASDAQ:CYBR). “That is a terrific situation, I’ve liked it for many, many years,” he added.

On Oct. 29, Cantor Fitzgerald analyst Jonathan Ruykhaver maintained CyberArk Software with an Overweight and raised the price target from $300 to $335.

“Any time I get into self-driving technology,” Cramer said when asked about Aurora Innovation, Inc. (NASDAQ:AUR). “I like to go with Tesla (NASDAQ:TSLA).”

On Oct. 30, Aurora Innovation reported a quarterly loss of 13 cents per share, compared to market estimates of a loss of 13 cents per share.

Cramer recommended buying Costco Wholesale Corporation (NASDAQ:COST).

On Oct. 16, Costco declared a quarterly cash dividend of $1.16 per share.

SharkNinja (NYSE:SN) is a “terrific” company, Cramer said. “If Trump wins, the tariffs are going to be so high that their earnings are just going to be shot. He added, “It is the stock to buy, actually the stock to buy if you think that Harris is going to be the next president of the United States.”

“I have to find out what the heck happened to that quarter,” Cramer said about Huntington Ingalls Industries, Inc. (NYSE:HII).

On Oct. 31, Huntington Ingalls reported worse-than-expected third-quarter financial results. It also revised FY24 revenue outlook and withdrew 5-year free cash flow outlook.

Price Action:

• CyberArk shares fell 0.1% to settle at $276.16 on Friday.
• Aurora Innovation shares jumped 11.8% to close at $5.81 on Friday.
• Costco shares gained 0.5% to settle at $877.31 during the session.
• Huntington Ingalls gained 2.3% to settle at $189.23 on Friday.
• SharkNinja shares fell 3.4% to close at $89.12.

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The most oversold stocks in the energy sector presents an opportunity to buy into undervalued companies.

The RSI is a momentum indicator, which compares a stock’s strength on days when prices go up to its strength on days when prices go down. When compared to a stock’s price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered oversold when the RSI is below 30, according to Benzinga Pro.

Here’s the latest list of major oversold players in this sector, having an RSI near or below 30.

Borr Drilling Ltd (NYSE:BORR)

• On Oct. 25, Borr Drilling announced certain preliminary results for the quarter ended Sept. 30, 2024. The company’s stock fell around 24% over the past month and has a 52-week low of $4.12.
• RSI Value: 26.27                        
• BORR Price Action: Shares of Borr Drilling gained 1.2% to close at $4.19 on Thursday.
• Benzinga Pro’s real-time newsfeed alerted to latest BORR news.

Antero Resources Corp (NYSE:AR)        

• On Oct. 30, Antero Midstream announced third quarter 2024 results and new appointment to the board of directors. Paul Rady, Chairman, CEO and President of Antero Resources commented, “During the third quarter we continued to improve our capital efficiency. Over the last two years, we have reduced the average number of days to drill a well by 20% to just 11 days versus 14 days previously. These meaningful gains result in an efficient maintenance production program that requires just two rigs to maintain 3.3 to 3.4 Bcfe/d of production going forward.” The company’s stock fell around 10% over the past month and has a 52-week low of $20.10.
• RSI Value: 29.22
• AR Price Action: Shares of Antero Resources declined 8.3% to close at $25.88 on Thursday.
• Benzinga Pro’s signals feature notified of a potential breakout in AR shares..

Ecopetrol SA (NYSE:EC)

• Ecopetrol will release third-quarter results on Wednesday, Nov. 13. The company’s stock fell around 15% over the past month and has a 52-week low of $7.62.
• RSI Value: 23.35
• EC Price Action: Shares of Ecopetrol fell 1.4% to close at $7.70 on Thursday.
• Benzinga Pro’s signals feature notified of a potential breakout in EC shares.

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Anthony Scaramucci, CEO of SkyBridge Capital, suggested that it’s not too late for investors to get on board the Bitcoin (CRYPTO: BTC) boat, as the leading cryptocurrency approaches its all-time high.

What Happened: On Tuesday, Scaramucci, a passionate Bitcoin advocate, encouraged those who feel they’ve missed out on the cryptocurrency’s recent surge to reconsider.

He wrote, “If you’re watching Bitcoin make new highs and thinking you missed the boat – you didn’t. It’s still VERY early, in my opinion.”

If you’re watching #Bitcoin make new highs and thinking you missed the boat – you didn’t. It’s still VERY early, in my opinion. Read the whitepaper, listen and read people like @saylor @real_vijay @ErikVoorhees.

— Anthony Scaramucci (@Scaramucci) October 30, 2024

Scaramucci urged investors looking to add Bitcoin exposure to read the whitepaper written by pseudonymous creator Satoshi Nakamoto, and following the insights of influential proponents like MicroStrategy CEO Michael Saylor, Vijay Boyapati, author of “The Bullish Case for Bitcoin,” and Erik Voorhees, founder of the cryptocurrency exchange ShapeShift.

See Also: Coinbase Q3 Earnings Highlights: Revenue Miss, EPS Miss, Transaction Revenue Falls From Q2

Why It Matters: Scaramucci’s bullish views on Bitcoin aren’t new. Earlier this month, he revealed that about 55% of his wealth is tied up in Bitcoin and that he hasn’t yet liquidated them for gains.

Scaramucci was also gearing up to launch his book, “The Little Book of Bitcoin,” a guide to understanding the implications of digital asset technology on finance.

In a recent interview with Reuters, Scaramucci projected Bitcoin to hit $170,000 by mid-2026, which would mean a threefold rise over the next 18-24 months.

Price Action: At the time of writing, Bitcoin was exchanging hands at $72,354.45, up 0.24% in the last 24 hours, according to data from Benzinga Pro. 

What’s Next: Anthony Scaramucci and other industry experts like Caitlin Long and Jan van Eck will discuss the impact of the incoming administration on digital asset policy at Benzinga’s Future of Digital Assets event on Nov. 19.

Photo by World Economic Forum on Flickr

Disclaimer: This content was partially produced with the help of Benzinga Neuro and was reviewed and published by Benzinga editors.

Apple Inc (NASDAQ:AAPL) will likely highlight the performance of its iPhone 16 and upcoming product releases when the company reports fourth-quarter financial results after market close Thursday.

Earnings Estimates: Analysts expect the Cupertino, California-based company to report fourth-quarter revenue of $94.56 billion, up from $89.5 billion in last year’s fourth quarter, according to data from Benzinga Pro.

Apple has beaten analyst estimates for revenue in six straight quarters and nine of the last 10 quarters overall.

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Analysts expect the company to report fourth-quarter earnings per share of $1.53, up from $1.46 reported in last year’s fourth quarter. The company has beaten analyst estimates for earnings per share in six straight quarters and nine of the last 10 quarters overall.

What Analysts Are Saying: The iPhone 16 will be one of the key items analysts are watching in the earnings report and conference call.

“iPhone 16 demand has been relatively stable year-over-year and better-than-feared given more cautious data points around shorter lead-times relative to year-ago and production cuts,” Goldman Sachs analyst Michael Ng recently said.

Ng reiterated a Buy rating on Apple with a $275 price target recently.

The analyst said Apple’s push into artificial intelligence with Apple Intelligence could be a “long-term demand driver.”

Another area Ng will be watching closely in Apple’s report is the company’s Services segment, which could be underestimated by investors.

“Apple’s installed base growth, secular growth in services, and new product innovation should more than offset cyclical headwinds to product revenue, such as a reduced iPhone unit demand due to a lengthening replacement cycle and reduced consumer demand for the PC & tablet category.”

Lower lead times for the iPhone 16 could signal a lack of demand for the newest version of the popular Apple smartphone, Morgan Stanley analyst Erik Woodring recently said.

The analyst, who has an Overweight rating and $273 price target on Apple, said while the data for lead times was bad for the iPhone 16, it could be better than the previous iPhone 15.

Lower lead times could also be a factor of Apple being more proactive with its suppliers in keeping inventory in check to avoid supply constraints, Woodring said.

“We believe that better supply conditions are one of the contributing factors to why iPhone lead times are shorter this cycle than in recent cycles,” Woodring said.

Here are other recent analyst ratings on Apple and their price targets:

• KeyBanc: Downgraded from Sector-weight to Underweight with $200 price target
• Piper Sandler: Reiterated Neutral rating with $225 price target
• Bank of America: Reiterated Buy rating with $256 price target
• Barclays: Maintained Underweight rating with $186 price target

Key Items to Watch: All eyes will be on the iPhone 16 when Apple reports fourth-quarter results Thursday.

Other items that investors will be watching include Services, the initial rollout of Apple Intelligence and China.

• Services hit an all-time record for revenue in the third quarter but came in below Street estimates.
• Weakness in China for the third quarter contributed to shares seeing downward pressure after the earnings results.
• Apple’s recent AI product announcements could be highlighted in the results as future catalysts.

Price Action: Apple stock is down 1% to $230.38 on Wednesday versus a 52-week trading range of $164.08 to $237.49. Apple stock is up 24% year-to-date in 2024.

Read Next:

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Image:

The National Football League is partnering with one of the longest-running television shows of all time to give viewers a unique simulcast of an upcoming game, adding to the league’s experiments with alternative broadcasts.

What Happened: The National Football League will air “The Simpsons Funday Football” on Dec. 9 on Disney+ and ESPN+, giving fans an alternative view of an NFL game while featuring characters from the long-running hit animated comedy “The Simpsons.”

The Walt Disney Company (NYSE:DIS) will air the special game live featuring the Cincinnati Bengals and Dallas Cowboys as part of its “Monday Night Football” coverage.

Disney’s simulcast will be aired in real-time, showing the players as animated characters in the fictional town of Springfield. The simulcast will use Sony’s Beyond Sports Technology from Sony Group Corp (NYSE:SONY).

Springfield’s Atoms Stadium will serve as the setting with well-known characters from the show making appearances. Bart Simpson will be rooting for the Cincinnati Bengals with his father Homer Simpson rooting for the Dallas Cowboys. The simulcast will occasionally show Bart or Homer replacing a member of the team and appearing to play inside the game.

Marge Simpson and Lisa Simpsons will interview players during the game. Other Simpsons characters will also make appearances, according to a press release. Voice actors from the series will provide the voices for the simulcast.

Viewers who don’t want to watch the animated version of “Monday Night Football” can still watch traditional broadcasts on ESPN, ESPN+ and ABC and an alternate version with Peyton and Eli Manning on ESPN2 and ESPN+.  

All telecasts will begin at 8 p.m. ET on Dec. 9.

The special streaming version will also be available in over 100 markets internationally, live and via replay.

Read Also: Which 4 Teams Have Never Reached The Super Bowl? Betting Payouts If History Is Made In 2024 NFL Season

Why It’s Important: First launched in 1989, “The Simpsons” is the longest-running primetime scripted series and well-known to several generations of fans.

Disney partnered with the NFL on a Funday Football telecast last year that saw teams play inside the world of “Toy Story.”

This year’s simulcast could bring new fans to the National Football League and also help Disney reap the benefits of having multiple versions of the game broadcast across its various networks and streaming platforms.

The Bengals (3-5) and Cowboys (3-4) have fallen short of expectations in the 2024 NFL season so far, but there are still several weeks remaining before the alternate broadcast, giving both teams a chance to improve their records.

The Cowboys remain one of the most popular teams in the NFL across the country and have been known as “America’s Team” for many years.

The recent “Sunday Night Football” game on NBC and Peacock between the Cowboys and San Francisco 49ers had an average viewership of 23.9 million, up 43% year-over-year. The game hit peak viewership of 26.4 million viewers and is the most watched Week 8 NFL game ever. Comcast Corporation (NASDAQ:CMCSA) is enjoying strong viewership of “Sunday Night Football,” which is at its highest weekly average of 22.4 million since 2015.

DIS Price Action: Disney stock traded at $95.98 on Wednesday, versus a 52-week trading range of $80.18 to $123.74. Disney stock is up 5.7% year-to-date in 2024.

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Image created using artificial intelligence via Midjourney.

Cryptocurrency platform company Coinbase Global (NASDAQ:COIN) could have perfect timing with its third-quarter financial results coming as leading cryptocurrency Bitcoin (CRYPTO: BTC) trades near all-time highs.

Here’s what analysts and investors are watching when the company reports Wednesday after market close.

Earnings Estimates: Analysts expect Coinbase to report third-quarter revenue of $1.25 billion, up from $674.2 million in last year’s third quarter, according to data from Benzinga Pro.

The company has beaten revenue estimates from analysts in seven straight quarters.

Analysts expect Coinbase to report third-quarter earnings per share of 43 cents. That’s up from a loss of 1 cent per share in last year’s third quarter. The company has beaten earnings per share estimates from analysts in six straight quarters.

Coinbase has reported positive earnings per share in three straight quarters. It will be looking to extend that streak and beat estimates from analysts.

Read Also: MSTR Vs. RIOT Vs. COIN – Which Crypto Stock Stands Out Ahead Of Q3 Earnings?

What Analysts Are Saying: Third-quarter estimates could be “safe” for Coinbase, H.C. Wainwright analyst Mike Colonnese said in a new investor note Tuesday.

The analyst reiterated a Buy rating on Coinbase with a $295 price target.

“Based on our analysis of key intra-quarter data points such as crypto trading volumes, BTC and ETH price performance, and growth in USDC’s market cap, we believe consensus 3Q24 revenue and earnings estimates are well-calibrated,” Colonnese said.

The analyst doesn’t expect shares to significantly move after the quarterly results.

“We remain bullish on the stock over the next 12 months, based on where we are in the crypto industry’s four-year price cycle and Coinbase’s dominant position in the digital assets’ ecosystem.”

Colonnese highlights crypto investors often seeing the best returns during the one-year period six months after a Bitcoin halving event, which is where things stand today.

Here are other recent analyst ratings on Coinbase and their price targets:

• B. Riley: Initiated with Neutral rating, $185 price target
• JMP Securities: Reiterated Market Outperform rating with $320 price target
• Barclays: Maintained Equal-weight rating, raised price target from $169 to $175

Key Items to Watch: Coinbase’s earnings report comes with Bitcoin trading near all-time highs Tuesday. The increased price action could be helpful if Coinbase provides an early look at fourth-quarter results and trends.

Transaction revenue and subscription revenue splits are another area to monitor. Coinbase has grown its subscription and services revenue to help diversify its revenue streams.

Altcoins took off in recent quarters. Investors and the cryptocurrency community may be eager to monitor the quarterly split of transaction revenue from Bitcoin, Ethereum (CRYPTO: ETH) and other coins.

As a company helping institutions with Bitcoin, Coinbase’s report could also highlight how Bitcoin ETF demand is doing and if the company is seeing increased interest from companies acquiring Bitcoin for its balance sheets.

Price Action: Coinbase stock closed Tuesday, up 1.65% at $219.66. The 52-week trading range spans $71.88 to $283.48. Coinbase stock is up 40% year-to-date in 2024.

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The most oversold stocks in the communication services sector presents an opportunity to buy into undervalued companies.

The RSI is a momentum indicator, which compares a stock’s strength on days when prices go up to its strength on days when prices go down. When compared to a stock’s price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered oversold when the RSI is below 30, according to Benzinga Pro.

Here’s the latest list of major oversold players in this sector, having an RSI near or below 30.

GD Culture Group Ltd (NASDAQ:GDC)

• On Oct. 1, GDC announced a strategic partnership with Tuolan Network Technology Co. to expand AI creator community. “Our AI Creator Community is dedicated to engage and support creators worldwide.” said Mr. Xiaojian Wang, Chairman and Chief Executive Officer of the Company. “This partnership represents a significant opportunity to enhance the capabilities of creators. By combining our resources, we aim to provide creators with valuable opportunities to showcase their talents and expand their knowledge through targeted educational programs.” The company’s stock fell around 54% over the past month and has a 52-week low of $0.59.
• RSI Value: 25.40                        
• GDC Price Action: Shares of GD Culture fell 1.7% to close at $1.70 on Monday.
• Benzinga Pro’s real-time newsfeed alerted to latest GDC news.

Paltalk Inc (NASDAQ:PALT)       

• Paltalk said on Oct. 8, an order granting motion for final judgement was entered into District Court for the Western District of Texas in connection with the company’s patent infringement lawsuit against Cisco. The company’s stock fell around 37% over the past month and has a 52-week low of $1.54.
• RSI Value: 29.47
• PALT Price Action: Shares of Paltalk gained 6.2% to close at $2.05 on Monday.
• Benzinga Pro’s charting tool helped identify the trend in PALT stock.

GDEV Inc (NASDAQ:GDEV)

• On Sept. 17, Noble Capital Markets analyst Michael Kupinski maintained GDEV with an Outperform and raised the price target from $60 to $70. The company has a 52-week low of $19.00.
• RSI Value: 24.00
• GDEV Price Action: Shares of GDEV rose 1.1% to close at $37.55 on Monday.
• Benzinga Pro’s signals feature notified of a potential breakout in GDEV shares.

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Technology giant Alphabet Inc (NASDAQ:GOOG)(NASDAQ:GOOGL) is one of several Magnificent 7 stocks set to report what could be a telling of how much growth is ahead in the tech sector and how AI investments are paying off when the company reports third-quarter financial results after market close Tuesday, Oct. 29.

Earnings Estimates: Analysts expect Alphabet to report third-quarter revenue of $86.34 billion, compared to $76.69 billion in last year’s third quarter according to data from Benzinga Pro.

The company has beaten analyst estimates for revenue in seven straight quarters.

Analysts expect Alphabet to report third-quarter earnings per share of $1.85, up from last year’s $1.55 in the third quarter. The company has beaten analyst estimates for earnings per share in six straight quarters.

What Analysts Are Saying: One of the big topics on investor and analyst’s minds ahead of Alphabet’s earnings report has been a potential breakup or restructuring of the company as the U.S. Department of Justice (DOJ) considers measures to address Google’s dominance in the search market.

While a breakup could receive plenty of negative headlines about Alphabet’s alleged search monopoly with its Google brand, investors could benefit with a breakup according to sum-of-the-parts valuations from several analysts.

“We don’t believe a full breakup would happen. Even if it did, it would be good for shareholders because the sum of the parts is greater than the whole,” Jefferies analyst Brent Thill recently said.

The analyst said big technology companies such as Alphabet, Meta Platforms and Amazon have many parts of the business that are not being valued based on historic multiples and a breakup could be a better outcome for shareholders.

Thill said the DOJ’s probe is an overhang and a distraction that could be similar to a past probe into Microsoft that lasted nearly 10 years and saw the stock trade sideways.

“We continue to believe investors should take advantage of this volatility.”

Read Also: Elon Musk Goes Nuclear, Says Dangers ‘Greatly Overstated’ As Google Signs Nuclear Power Deal

Needham analyst Laura Martin has emphasized for months that a forced breakup of Alphabet could lead to a significantly higher valuation.

“We believe that GOOGL is worth more in pieces than together, so we welcome regulators’ attempts to break up GOOGL,” Martin said in a new investor note.

Martin said the European Union will likely require Alphabet to spin off its third-party network ad business.

A break-up could put a spotlight on the valuation of video platform YouTube.

“We calculate that YouTube would be valued between $455B-$643B if separately traded.”

Martin said Alphabet shares would likely trade higher if the company breaks up due to investors being willing to pay more for “pure-play assets,” more data points could be publicly shared and employees receiving shares in business lines they directly impact.

Martin has a Buy rating on Alphabet and price target of $210.

Wedbush analyst Scott Devitt recently reiterated an Outperform rating and $205 price target on Alphabet stock.

Devitt said Alphabet is an “above average company” trading at a “below average multiple.”

The analyst highlighted strong advertising growth for Alphabet even in the face of competitive pressures in the space.

“Sentiment is mixed for Alphabet relative to mega cap internet peers as investors continue to weigh potential regulatory headwinds and the risk of generative AI to the search business,” Devitt said.

Devitt said Alphabet’s generative AI in search has shown high user engagement, which could create new monetization opportunities down the road.

“While we don’t view the upcoming quarterly report as a likely catalyst for Alphabet, we do think shares are attractive at current levels with shares trading below the market multiple.”

Key Items to Watch: As one of the largest companies to report during the week, Alphabet’s Tuesday report could serve as a key report and create volatility among tech and advertising-related stocks.

Investors and analysts will be watching to hear commentary on the company’s search segment. In the second quarter, Google Search represented revenue of $48.51 billion with YouTube advertising revenue of $8.66 billion.

The company’s YouTube segment could also be a key area to watch as the video segment is seeing competition and many companies across video, gaming and streaming competing for a market share of consumers’ time.

While Alphabet will likely not comment on the 2024 election, the pending presidential election could remain an important backdrop with Donald Trump’s running mate J.D. Vance previously wanting to break Alphabet up.

Investors and analyst will also be looking for Alphabet to provide relevant updates on its continued growth and investments in artificial intelligence.

“We are innovating at every layer of the AI stack. Our longstanding infrastructure leadership and in-house research teams position us well as technology evolves and as we pursue the many opportunities ahead,” Alphabet CEO Sundar Pichai said after second-quarter results.

GOOG Price Action: Alphabet stock trades at $168.27 on Monday versus a 52-week trading range of $123.88 to $193.30. Alphabet stock is up 21% year-to-date in 2024.

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Photo: Shutterstock