Of course, it bears reiterating that ETFs such as GGLL are not buy-and-hold vehicles. Investors should remember this in the run to $6 trillion. It could take Alphabet months (or longer) to get there. But the good news there will be ample opportunities for risk-tolerant traders to capitalize on Alphabet’s ascent with GGLL.
Alphabet’s artificial intelligence advancements and a record cloud computing backlog of $462 billion are among potential catalysts for share price appreciation and occasional use of the geared GGLL. And for the market historians out there, the title of world’s most valuable company isn’t unfamiliar territory for Alphabet.
“Google last topped the S&P 500 market cap list in February 2016, when it topped previous leader Apple following a stronger than expected fourth quarter earnings report that lifted its total value to $560 billion. It only held that title for two days, however, as Apple regained its lead on Feb. 3,” according to Barron’s.
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