Alphabet will not have to divest its Chrome browser or Android operating system.
Transcript:
Caroline Woods: Let’s start by talking about Alphabet because Alphabet shares are powering higher today, really giving the NASDAQ a boost following that antitrust win. What’s your take on that development, Mish? Does that make you more bullish on Alphabet shares?
Michele Schneider: Well, certainly the fact that they don’t have to sell off the Chrome business and that they have to share data with competitors also was a boon, by the way, for Apple. It definitely makes the stock attractive. However, I personally am not a chaser of momentum-type situations. So that was a really much better buy right after earnings, I think. And so if you were sitting in the stock, obviously you’d be looking pretty now. Getting in right now, you’d have to ask yourself the risk factors. But you know, they say long, long until you’re wrong. And right now, it looks pretty good.
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