While the Bad Bets will continue to hurt results, Alphabet (GOOG)(GOOGL) is set for a break higher. If the stock closes above $80, Alphabet appears set to breakout of the range $680 to $800 range the stock has been stuck in over the last year. The stock trades at about 20x forward EPS estimates with a similar growth rate. Alphabet could easily grab a 25 P/E multiple pushing the stock to $1,000. Disclosure: No position