For the past few months, Google (NASDAQ:GOOG) has been hammered resulting from the rumors of its decreasing click-through rates and its market share might be grabbed back by YAHOO! (NASDAQ: YHOO) and it was further fueled by some so-called analysts to downgrade the stock which continued the burning of the stock. Google has reported its first 1Q earnings of 2008 on last Thursday after market close which blew past estimates and the stock was eventually up 20% on Friday!
Another stock which has been hammered by so-call Analysts was APPLE (NASDAQ:AAPL) for the rumors of less revenue resulting from unlocked IPhone and the saturation of the IPod market. Apple share was comfortably closed above support of 160 on Friday, thanks for the Google Earnings. Apple will release its earnings on next Wednesday (23 April 2008) after market close and I am waiting Apple to prove that those so-called Analysts wrong again.
It is surely an exciting week ahead.
3 months ago