For more than a year now, I have been one of the few analysts saying Google Inc. (Nasdaq: GOOGL) was set for a rally.
In several of our chats I’ve said that with this one stock you get both an ETF on the future and a company that produces great profit margins today.
To be sure, the stock lagged the overall market over the past few months. That’s largely because industry analysts thought Google’s futuristic ambitions would shred profits.
But all that changed on July 16, when Google reported excellent second-quarter results that sent the shares up more than 16%. The move added nearly $70 billion in shareholder value in a single session, a record on Wall Street.
Google made this huge leap largely because it followed one of the rules in Your Tech Wealth Blueprint.
The question now is: Does Google have any upside left?