Gavekal Capital: Google briefly tops $1000 for the first time, up 12% so far today

Friday, October 18, 2013

Google briefly tops $1000 for the first time, up 12% so far today

Google beat analyst expectations for 3Q EPS. They reported $10.74 vs expectations $10.34. They also beat revenue expectations by a bit. More importantly to us, technically if Google holds these gains today they will get back on the "right side" of the upward trendline that has been in place for over 2 years.

About Gavekal Capital

Gavekal Capital is a US registered investment advisory firm that manages the Gavekal Knowledge Leaders Strategy. Knowledge Leaders are a group of the world’s leading innovators with deep reservoirs of intangible capital. These companies often possess competitive advantages such as strong brand, proprietary knowledge or a unique distribution mechanism. Knowledge Leaders are largely service-based and advanced manufacturing businesses, often operating globally. Gavekal Capital seeks to identify the world’s leading knowledge companies through a proprietary process that analyzes corporate knowledge investments.
We offer the Gavekal Knowledge Leaders Strategy in multiple products for global investors. For more information about our product offerings please visit http://www.gavekalcapital.com.
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