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Buy These 3 Stocks on Any Earnings Dip

History says a knee-jerk, earnings-driven selloff from these names is a prime buying opportunity

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Like it or not, there’s no way to deny that Google (GOOG) is part of nearly everyone’s social and technological landscape. Whether it be phones or tablets or search engines or television or whatever Google Glass ends up becoming, Google is a permanent fixture with a lengthening history of capitalizing on its everywhereness.

Bet against it at your own risk — the people who have bet against it of late following disappointing earnings reports have been burned for doing so.

Three of the past four earnings misses led to big drops that were eventually erased … two of them beginning within just a few weeks. The January 2012 pullback was reversed two weeks later, and that rebound didn’t stop until shares had gained 12% by eight weeks later. The October 2012 initial plunge of 8% turned into a 13% plunge within a few weeks, but by March of this year, shares had advanced 28%. The earnings-based dip from July of this year has finally started to turn around as well.

Google’s next earnings report is slated for release on Oct. 17.

Article printed from InvestorPlace Media,

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