Two stocks to watch: week 4, 2024


Exness Representative
As week 4 gets underway, two stocks stand out with brimming potential. Here’s a technical breakdown of GOOGL and AMD.

Alphabet Inc. (GOOGL)​

Shares of Alphabet Inc. rose by around 4% in the last quarter of the year. The company’s earnings report for the fiscal quarter ending December 2023 is expected to be released on 30 January, after market close. The consensus EPS forecast is $1.60, compared to $1.05 (USD) in the same quarter last year.

The company is involved in the AI frenzy with the introduction of Google Bard and Gemini as tools to compete with OpenAI’s popular ChatGPT. Notably, on the date of Gemini's launch (6th December), the share price experienced a bullish gap of around 6%. Beyond launching these new products, the tech giant also boasts a solid financial position. The total assets exceed total liabilities with an impressive ratio of 3:1, and the current ratio is a remarkable 204%, indicating a strong balance sheet to navigate any short-term challenges.

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