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Why Alphabet Is A 'Terrific' Move For Google

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Charles Biderman was recently a guest on #PreMarket Prep, a daily trading idea radio show hosted by Joel Elconin and Dennis Dick.

TrimTabs Asset Management Portfolio Manager Charles Biderman told Benzinga that Google Inc (NASDAQ: GOOG)'s restructuring was a "terrific" move that "makes a whole lot of sense." He thinks that it will help traders and analysts better understand the Google brand, while not muddling it with information from their "VC laboratory." Money spent on projects is no longer an expense against the Google brand.

Biderman, a Google shareholder, said that he was drawn to the company because like Amazon.com, Inc. (NASDAQ: AMZN), salesforce.com, inc. (NYSE: CRM), Apple Inc. (NASDAQ: AAPL) and Facebook Inc (NASDAQ: FB), Google created its own demand. Further, that demand is "growing rapidly."

Google is up more than 2.5 percent since Monday's announcement. The stock has performed well this year, gaining more than 25 percent against a gain of 6.7 percent in the Nasdaq 100. Over the past 52 weeks, Google has performed in line with the index, both gaining 14 percent.

Posted-In: Alphabet Benzinga #PreMarket Prep Charles Biderman GoogleLong Ideas Exclusives Tech Trading Ideas

 

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