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Friday, August 21, 2020

Alphabet Inc. Cl A stock underperforms when compared to competitors despite strong trading day

 Shares of Alphabet Inc. Cl A GOOGL advanced 2.05% to $1,576.25 Thursday, on what proved to be an all-around positive trading session for the stock market, with the S&P 500 Index SPX rising 0.32% to 3,385.51 and the Dow Jones Industrial Average DJIA rising 0.17% to 27,739.73. Alphabet Inc. Cl A closed $10.80 below its 52-week high ($1,587.05), which the company achieved on July 21st.

The stock underperformed when compared to some of its competitors Thursday, as Apple Inc. AAPL rose 2.22% to $473.10, Microsoft Corp. MSFT rose 2.33% to $214.58, and Facebook Inc. Cl A FB rose 2.44% to $269.01. Trading volume (1.3 M) remained 469,205 below its 50-day average volume of 1.8 M.

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Economic Event Calendar

GMT+5:30 Event Vol. Actual Consensus Previous
Saturday, Jun 07
01:00 CFTC S&P 500 NC Net Positions 1 $-69.4K $-53.0K
01:00 CFTC Gold NC Net Positions 1 $187.9K $174.2K
01:00 CFTC Oil NC Net Positions 1 168.0K 165.7K
01:00 CFTC GBP NC Net Positions 1 £35.2K £35.4K
01:00 CFTC AUD NC Net Positions 1 $-63.2K $-61.2K
15:10 BoE's Greene speech 2
Monday, Jun 09
24h Whit Monday 0
04:15 Manufacturing Sales 1 1.1%
19:30 Wholesale Inventories 1 0% 0%
21:00 3-Month Bill Auction 1 4.25%
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