Zacks Investment Ideas feature highlights: Alphabet

Zacks highlights Alphabet (primary: GOOG.OQ) after strong cloud results that drove post-earnings optimism. Google Cloud revenue came in at $20.0 billion, a 62.7% year-over-year increase that “crushed” estimates and helped lift sentiment and share momentum. Zacks notes a bullish EPS outlook for the stock and includes Alphabet on its Cloud Computing thematic screen, framing the company as a leading cloud player. Overall the piece is supportive for Alphabet shares, emphasizing cloud growth as the key near-term market catalyst.