HomeTechFAANGGOOGL’s Turbulent 2024, EA Upside Ahead, QRVO & SKWK Sees Increasing Competition

GOOGL’s Turbulent 2024, EA Upside Ahead, QRVO & SKWK Sees Increasing Competition

Alphabet (GOOGL) is steady near-term, with 2024 likely more turbulent, notes a Wells Fargo analyst. The analyst discusses how GOOGL is raising 3Q YouTube revenues slightly and raising 2024 CC revenues and sees better near-term operating leverage. Kevin Green discusses this along with Electronic Arts (EA) as the stock is upgraded to buy at BofA. The analyst highlights that relative valuation is near a five-year trough and early stats from FC24 launch suggest upside to street estimated and guidance. Kevin also looks at Qorvo (QRVO) and Skyworks (SWKS) as Citi downgrades both stocks. Tune in to find out more about the stock market today.

Morning Trade Live

10 Oct 2023

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