Reports that came out yesterday (Wednesday) revealed that Google is planning to team up with Sprint Corp. (NYSE: S) and T-Mobile U.S. Inc. (NYSE: TMUS) to provide wireless service plans, challenging incumbent carriers like Verizon Communications Inc. (NYSE: VZ) and AT&T Inc. (NYSE: T).
Money Morning Technical Trading Specialist D.R. Barton told viewers today (Thursday) on FOX Business' "Varney & Co." this will provide a terrific opportunity for Google to move into a new line of business. But, at the moment, there are some headwinds for the company as it faces anti-trust roadblocks in Europe. Barton isn't buying…yet.
Barton is, however, a long-term bull on the company. To see where his entry point is on Google stock, check out his appearance below.