Tuesday Morning Market Video – $SPY $GOOGL $GDX $XLE $GPRO $AAPL


Tuesday Morning Market Video -  Covering: $SPY $GOOGL $GDX $XLE $GPRO $AAPL



  Google Inc.'s stock (GOOGL) surged 6.1% in premarket trade Tuesday, as analysts cheered the Internet giant's move to create an umbrella company named Alphabet Inc. Stifel Nicolaus analyst Scott Devitt upgraded Google to buy from hold, saying the new holding company is like the " Berkshire Hathaway of the Internet." Berkshire (BRKA) is the holding company of famed billionaire investor Warren Buffett . "We believe this combination leaves the possibility for shares to exceed the S&P 500 return for many years on the back of this new operating structure," Devitt wrote in a note to clients. Analyst John Cakmak at Monness Crespi Hardt raised his rating to buy from neutral, and has a stock price target of $900 , which is 36% above Monday's closing price of $663.14 . He said Google's move may allow the company to better combat secular trends in mobile, while also creating greater transparency for more informed valuations. The stock was trading at $703.50 ahead of the open, above the July 17 record closing high of $699.62 , but below the July 22 intraday record of $713.33 .

Known to most as Uranium Pinto Beans, Jason has more than 15 years under his belt of trading stocks, options and currencies. His expertise primarily lies in chart analysis, and he has a strong eye for undervalued stock. Because he’s got the ability to identify great risk/reward trades he usually enjoys taking the path less traveled and reaping the benefits from the adventure.

He is a co-founder of Option Millionaires, and he is best known for his weekly webinars with Scott, as well as his high level training webinars and charts found in the forums.

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