Wendy Boyd
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Munster: 'Google Is Betting On The Right Long-Term Trends'

As the din dies down on Alphabet Inc 's quarterly results, celebrated Apple analyst and manager partner at Loup Ventures Gene Munster said the company is betting on the right long-term trends.

The statement should allay some investor concerns about ballooning traffic acquisition cost at the company, which along with profit taking following react gains soured sentiment toward the stock.

Alphabet's Class A shares were down about 3 percent in reaction to the results.

Munster termed the stock reaction as a classic example of investors' shortsightedness, which makes them focus on near-term bumps. Instead, the analyst suggested focusing on long-term positives.