5 Elite Stocks That Could Push the Nasdaq Past 4,000
Will Nasdaq traders soon party like it’s 1999? That was the first time the tech-heavy exchange crossed the 4,000-point threshold, and it looks like it could soon happen again. The Nasdaq Composite closed up 1.32 percent at 3,914.28 on Friday, and it appears to have a real possibility of going above 4,000 this week or next, especially considering it started at 3,772.05 at the beginning of last week. Here are five elite stocks that may help drive the Nasdaq toward its next milestone.
1. Google Inc. (NASDAQ:GOOG)
Google recently pushed its shares to an all-time high of $1,011.41 after reporting quarterly earnings per share and revenue that beat Wall Street’s expectations. Google reported EPS of $10.74 and revenue of $14.89 billion, beating the consensus estimates of $10.34 per share and revenue of $14.79 billion.
Although it is primarily known for its Internet search engine business, the tech giant has expanded to include cutting-edge technologies like Google Glass and self-driving vehicles. Google has seen its stock rise by more than 48 percent over the past year, and it is one of the major reasons why the Nasdaq may hit 4,000 this week.