- Alphabet surges to new highs based on surpassing Q3'15 estimates.
- A big rationale for the recent gains isn't so apparent in the Q3 details that suggest financial discipline isn't in place following the hiring of the new CFO.
- The stock likely continues rallying based on momentum until year-end before the market wakes up to the higher levels spent on other bets.
The investment thesis about 150 points and a name ago was that the stock of Alphabet (NASDAQ:GOOG) (NASDAQ:GOOGL) would soar based on a grownup running the show. The prediction was that the stock had significant ability to not only grow earnings, but obtain higher multiples from the market with better financial stewardship.
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