Google, Amazon & Starbucks Are Holding Up The Nasdaq: Strategist

Google (GOOG), Amazon (AMZN) and Starbucks (SBUX) are responsible for the Nasdaq's momentum, according to David Nelson, chief strategist at Belpointe Asset Management. The Nasdaq is flirting with 5,100 and closed past its March 2000 high of 5,048 on Thursday. But Nelson isn't worried about another tech crash, similar to the one 15 years ago. 'Those who are calling this Nasdaq the same one that it was back in 2000, probably weren't there then,' Nelson said. 'There's no comparison at all. Back then, many of these companies weren't even generating revenue, much less earnings.'