Alphabet was downgraded by Wedbush suggesting the companies search business faces an inflection point.
The stock trades at a relative value with plenty of opportunities for financial discipline to boost profits.
The suggestion is to let the stock tell you when the inflection point occurs, especially at these breakout levels above $800.
Alphabet (NASDAQ:GOOG)(NASDAQ:GOOGL) is trading sideways near a new high today after an analyst downgrade. The decision is odd considering the stock is near a breakout and potential run towards $900 and possibly even $1,000.