Not the full story. The technical guy said he did not like either company up here. Then he said if he had to pick a company on just the technicals he would take AMZN. The fundamental guy said GOOG and the technical guy agreed it's a better company.
Technically I'm sure AMZN looks better since it has been consolidating in this same zone for a while and earnings won't be announced for a while but those usually don't matter either because the sell side analysts will make up a new metric as a reason to raise the price target even if sales come in closer to $15B vs. the current analyst estimate of $16.2B.
They tend to not kill the golden gooses like AMZN.
Now on a relative basis if you asked me to pick between AMZN here or CRM or NFLX right now I would take AMZN but fundamentally I don't like any of them.
You are right. I took it as AMZN is a better bet for now.
To me, things changes so quickly. AMZN is also in cloud business., movies streaming, 3 D printing, etc. Jeff is a great visionary also. If you see my posts. I have been a fan of GOOG for a long time. I said it was going to break $800 for a long time.
Today one guy seems to be ahead then another day, another one is ahead with news. AMZN and GOOG are both great.
Look at AAPL, once was the best.
We need to be very short term minded with these high price stocks.
I see the bearish dark cloud candle formed today on GOOG chart. It needs to rest from a high rsi..
If AMZN has an upgrade like GOOG did it will break out without a problem. GOOG had a few upgrades in a row.