On CNBC yesterday, Jeffrey Gundlach said he didn’t like Google. Gundlach said he doesn’t see growth for the search engine giant. And he seemed to imply their $300 billion market cap wasn’t deserved anymore. He said you should sell the stock, “it should be harvested in terms of capital gains.”
But what happened when the sock market closed later that same day. Well, Google soared $100 higher and exceeded the $1,000 a share price. I’m hoping everybody held on to their shares of Google and didn’t listen to Gundlach. While he might be right going forward, he certainly missed this call by well over 100 points as you can see that Google is now up over 120 points.