FAANG Stock for Short-Term Bears

Nearly all analysts call GOOGL stock a "buy"

Mar 26, 2019 at 1:14 PM
facebook X logo linkedin


It's been a blazing hot start to 2019 for the U.S. stock market, with the S&P 500 Index (SPX) pacing for a first-quarter gain of 12.5%. History suggests this positive price action will continue in the near term, considering April is a seasonally strong month for stocks. Nevertheless, a number of individual names have struggled to capitalize on the broader tailwinds, including FAANG name Alphabet Inc (NASDAQ:GOOGL), which is down 0.4% today at $1,192.31, on news European Union (EU) lawmakers are supporting copyright reforms.

While these are the best stocks to own next month, below is a list of the 25 worst SPX stocks in April, courtesy of Schaeffer's Senior Quantitative Analyst Rocky White. To land on the list, a stock had to have at least eight years of returns. GOOGL is the only FAANG stock on the table.

worst stocks in april

Specifically, GOOGL stock has finished seven of the last 10 Aprils in negative territory, averaging a loss of 0.8%. While this is relatively modest, another move of this magnitude to the downside would have Alphabet stock testing the $1197 region -- home to its early March highs. The equity eventually broke out above $1,220, around its fourth-quarter peak, but has since pulled back below its 10-day moving average.

google daily stock chart march 26

There's plenty of optimism to be unwound, should GOOGL turn in another April underperformance -- which could create even bigger headwinds for the shares. While 27 of the 28 analysts covering Alphabet stock maintain a "buy" or better rating -- with not a single "sell" on the books -- the average 12-month price target of $1,343.26 is well above GOOGL's July 27 record high of $1,291.44.

 

Unlock Weekend Profits with Chris Prybal's Favorite Strategy Up +487.5% in 2024

With the markets going left, right, and sideways, you need to have a plan now more than ever. 

Expert Trader Chris Prybal is no stranger to volatility, and has mastered finding big stock rallies while other traders aren't looking over the weekend. Rallies that produced gains like +207% on RTX calls, +236% on MARA calls, and +238% on NET calls.

A few simple moves on Sunday at 7pm could be the “Secret Sauce” your portfolio needs to not just stay afloat, but make unprecedented gains in this turbulent market.


Don’t sit on the sidelines, beat the market with Chris Prybal's strategy. Join him now!

 

 
 
 


 
 

Rainmaker Ads CGI