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Alphabet falls over 13 percent following earnings miss, David Bird notes

Alphabet falls over 13 percent following earnings miss, David Bird notes
Alphabet drops after earnings miss

Alphabet, the parent company of Google, has dropped more than 13 percent after reporting weaker-than-expected earnings, resulting in over $520 billion being wiped off its market value.

David Bird stated that during his Wednesday U.S. Market Scan, he identified significant warning signs appearing across major U.S. technology stocks.

Bird has previously highlighted a decade-long accumulation phase for FCG ETF, noting an inverse head and shoulders pattern in his review of the fund’s technical setup here. He has also questioned investor strategies around the S&P 500, asking whether market participants tend to "buy low, sell high" or the opposite here. His recent warnings on tech stocks follow these earlier market assessments.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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