GOOG is back. GOOG did what a lot of critics said they couldn’t do; announce yet another sparkling earnings report. A run to $500 seems likely at this point, as GOOG seems to have recaptured all of its previously lost momentum. GOOG traded up over 5% on the session, finishing up at $437.10, after gapping up to $450+. GOOG currently has a 52 week high of $475.11. After this earnings report, and considering the fact that GOOG seems to be crushing its competition, I would say that a run to $500 is likely. As of Friday’s close, GOOG had a market cap of just under $130 billion dollars.
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