While Alphabet’s charts look strong from a technical point, a degree of cognizance of its current fundamentals is also warranted. Alphabet is currently estimated to be trading at a forward P/E ratio of 26x. While this seems reasonable, a lot will be determined by the earnings projections and performance by Alphabet in the coming years.
While on the topic of the Trillion Dollar tech club, it needs to be noted that Amazon (NASDAQ: AMZN), an early entrant to the exclusive club trades pretty close at $1,864 per share and a valuation of $924.52 billion. Still a fair distance away but showing strong momentum is Facebook (NASDAQ: FB) currently trading at $222 per share with a market capitalization of $633.49 billion.
Facebook is expected to release its quarterly earnings on 29-Jan-2020 and Amazon’s earning release is slated for 30-Jan-2020.
Disclosure: The Author is Long on Facebook shares