TheStreet’s Action Alerts PLUS portfolio has raised its price target on Alphabet (GOOG) and bought more stock of Dow Chemical (DOW) a week before it reported quarterly earnings. Jim Cramer, portfolio manager for Action Alerts PLUS, and Jack Mohr, the portfolio’s Director of Research, raised their price target on Alphabet to $900 a share after it reported earnings that beat expectations by a mile. ‘This company blew it out of the ballpark,’ said Mohr.. ‘It look like there’s some potential growth opportunities long term. They’re just five chess moves ahead of the competitors. And that’s why I love Alphabet.’ Mohr said they would look to add more Alphabet shares to the portfolio’s holdings on a pullback. Dow Chemical also reported better than expected earnings, and Mohr said Action Alerts PLUS added shares of the company ahead of the report.
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