Home Stocks These high-flying tech stocks are riding in Google parent Alphabet's slipstream

These high-flying tech stocks are riding in Google parent Alphabet's slipstream

11 min read

There’s a huge wave of earnings hitting the market, including a big beat from Google parent Alphabet that has put traders in a buoyant mood.

Beyond Silicon Valley’s titans, other tech stocks are looking attractive but not getting as much attention, say StockTwits co-founder Howard Lindzon and MarketWisdom.com co-founder Ivaylo Ivanov for our call of the day.

“Let’s go around the horn to some ideas, because I think on the tail of Google

GOOG, +3.94%

GOOGL, +4.05%

winning, it’s a big day for machines and for robots,” Lindzon says on the duo’s weekly show, which aired just after the search king’s results.

The promising stocks in this realm include drones maker AeroVironment

AVAV, +1.06%

 , Lindzon reckons. “No one’s heard of it,” he says, “but it continues to just consolidate and go higher.”

He also highlights e-commerce player Shopify

SHOP, +0.51%

 (“the dips seem to be great places to buy”), as well as payments processor PayPal

PYPL, +1.98%

 . The latter’s decision to buy Venmo looks “amazing,” and its shares recently staged a “breakout from a long base,” Ivanov says.

High-flier Square

SQ, -0.01%

and the overall environment for traders draw praise from the pair, too. They mention that the tech-laden Nasdaq-100

NDX, +0.75%

QQQ, +0.70%

has achieved a record-setting stretch above a key chart level — its 200-day moving average.

“The market is strong. I don’t see much weakness. One day it will end, but trying to be negative right now just does not work,” Lindzon says.

Check out their full show below.

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Don’t miss: Google is a great investor, and Alphabet’s earnings show that

And see: These 5 mega trends are producing soaring stocks regardless of Trump, tariffs or the economy

Key market gauges

Futures for the Dow

YMU8, +0.86%

 , S&P 500

ESU8, +0.61%

and Nasdaq-100

NQU8, +0.56%

are higher, after the Dow

DJIA, +0.61%

inched lower yesterday but the S&P

SPX, +0.47%

and Nasdaq Composite

COMP, +0.44%

closed with gains.


SXXP, +1.05%

and Asia have been seas of green, and bitcoin

BTCUSD, +5.97%

has jumped above $8,000 for the first time since May. Oil

CLU8, +1.37%

is rallying, gold 

GCQ8, +0.25%

is up slightly and the dollar index

DXY, -0.20%

is dipping.

See the Market Snapshot column for the latest action.

The chart


Chipotle has been rallying.

If Lindzon and Ivanov’s buy ideas don’t do the trick for you, the popular chart-slinger behind the @traderstewie Twitter handle is flagging other stocks that look promising. And they’re not just tech names.

“Seeing so many of these types of ‘coiling’ patterns in my numerous watch lists,” he writes, referring to chart formations that signal a possible spring higher.

Chipotle Mexican Grill’s

CMG, -1.34%

chart is encouraging, and Foot Locker’s stock

FL, -2.92%

also has behaved well, according to the widely followed trader.


Foot Locker’s stock looks like it’s “coiling.”
The buzz

A bunch of big names revealed their earnings before the opening bell: Eli Lilly

LLY, +1.56%

 , Biogen

BIIB, +4.68%

 , United Technologies

UTX, +2.48%

 , Harley-Davidson

HOG, +6.95%

 , Lockheed Martin

LMT, -0.55%

 , Verizon

VZ, +0.28%

 , 3M

MMM, -0.31%

 , Kimberly-Clark

KMB, -1.55%

and JetBlue

JBLU, -7.70%


After the market’s close, AT&T

T, +0.84%

 , Texas Instruments

TXN, +0.21%

and Chubb

CB, +0.34%

are due to report.


WHR, -14.66%

results disappointed, but UBS

UBS, +3.22%

UBSG, +3.73%

posted an earnings beat.

On the data front, Markit is slated to deliver readings on manufacturing and services shortly after the open.

Check out: MarketWatch’s Economic Calendar

China unveiled a string of measures to boost domestic consumption as trade tensions with the U.S. continue.

Russian hackers breached control rooms at American electric utilities

XLU, -1.08%

last year and could have caused blackouts, says the Department of Homeland Security.

Satellite imagery shows North Korea has begun taking down its main rocket launch facility.

President Trump is considering revoking the security clearances of six former senior national security officials who have criticized him, the White House said yesterday.

The quote

Getty Images

A firefighter reacts as a house burns in Kineta, Greece, on Monday.

“I saw corpses, burned-out cars. I feel lucky to be alive.” — One woman talks about surviving Greece’s worst fire crisis in more than a decade, which the country’s interior minister describes as a “biblical disaster.”

Meanwhile, more than 50 wildfires continue to burn above the Arctic Circle, and Japan’s weather agency has declared a deadly heatwave sweeping the country a natural disaster.

Read more: Greece wildfires rage through seaside resorts, kill at least 60

Random reads

Pepperidge Farm has recalled Goldfish crackers over salmonella fears.

Angry moms say Target and Walmart fail to offer suitable shorts for young girls.

Norwegians are quietly revolting against Tesla

TSLA, -2.08%


Jim Harbaugh on sports betting: “Don’t walk away from that — run.”

Chick-fil-A is getting into meal kits.

Swim star Ryan Lochte banned after an “ill-conceived” post to social media.

David Bowie’s first demo track was discovered in a bread basket.

Why the days of $2 a gallon gasoline could be over:

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