Google is set to release its quarterly earnings on February 4, prompting some investors to take a cautious approach. At current prices, holding onto the stock is considered safe but unlikely to yield significant returns.
Analysts predict that Google’s earnings will meet expectations but may not exceed them. Considering this, it’s advisable to avoid making trades in Google stock ahead of the announcement, as it neither offers enticing buy opportunities nor necessitates selling at high prices.
In this article, a case is made for holding onto Google stock due to its classic “hold” status. This strategy involves maintaining a long-term perspective and avoiding timing-based decisions that may be influenced by short-term market fluctuations.
Source: https://seekingalpha.com/article/4754230-google-earnings-ill-sit-this-one-out