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Tech Stock Strategist On Google: This Is Not A Quarter I'd Want To Be Leaning Short

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Quantum Trading Strategies CIO and tech stock strategist Sean Udall recently offered his take on Google Inc (NASDAQ: GOOG) (NASDAQ: GOOGL) on Benzinga’s #PreMarket Prep.

Udall acknowledged that he usually has a contrary opinion on Google and that when the stock has been at or below $500 he has often taken long positions, including call spreads.

Udall thought, "Google will have a better report this quarter because they’ve had so many bad reports recently.”

Google missed five of the last seven reports, “so...they’re due [for a beat]," according to Udall, "and if they’re going to have a smash quarter it’s typically the holiday quarter...this is not a quarter I’d want to be leaning short, I’d much rather be leaning long.”

If, however, the stock had been trading in the low $500s, then Udall “would be pretty aggressive” but had not taken a position in Google at the time of the interview on Monday, when shares of Google were trading in the $530 range.

Since Monday, shares of Google have fallen 6.7 percent and recently traded at $505.73.

Check out the video below for the full interview:

Don’t forget to tune in to Benzinga’s #PreMarket Prep broadcast Monday-Friday 8-9:45 a.m. ET for a live, interactive morning show with veteran traders and featured finance industry experts ready to answer your questions for the trading day.

Latest Ratings for GOOG

Oct 2017UBSMaintainsBuy
Oct 2017OppenheimerMaintainsOutperform
Jul 2017Deutsche BankMaintainsBuy

View More Analyst Ratings for GOOG
View the Latest Analyst Ratings

Posted-In: #PreMarket Prep Sean UdallAnalyst Color Exclusives Analyst Ratings Trading Ideas Interview


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