After Surging 15% in 1 Month, Does Alphabet Stock Have More Room to Run After Blowout Earnings?

Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL) was so undervalued that it was the only "Magnificent Seven" stock that was cheaper than the S&P 500 in terms of the forward price-to-earnings ratio. But then, Alphabet shot up 15.2% in the month leading up to its second-quarter earnings report.Stocks that run up into an earnings print will often give up some of those gains unless the report was exceptional. But Alphabet continued to climb higher after it reported earnings on July 23 -- a sign that Wall Street liked what it saw.However, it's best not to take the market's reaction for granted. Here's where Alphabet stands, where it could be headed, and if the growth stock is a buy now.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool