Alphabet Inc is an American multinational technology conglomerate holding company and Google's parent company.

- The group released 1Q22 results on 26 April 2022 for FY22.

- The market reacted adversely as the earnings came in slightly below expectations.

- We have an intrinsic value for Alphabet of $2 540; however, we place more emphasis on the negatively skewed risk-reward profile, which leads us to a sell recommendation on the counter.

- Amazon.com is an American multinational technology company focused on e-commerce, cloud computing, digital streaming, and artificial intelligence.

- The group released its 1Q22 results on 28 April 2022 for FY22.

- The results mostly missed expectations.

- We have an intrinsic value of $3 111; however, we are more focused on the negatively skewed risk-reward profile, which leads us to maintain our sell recommendation on Amazon.

- For more information about this counter, please contact your PSG Wealth adviser.

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