The Nasdaq Composite advanced nearly 1 percent to finish at a second consecutive record high on Friday, thanks to a surge in the shares of Google.
Both Google Class A and Class C closed up more than 16 percent, with Class A at $699.62 a share and Class C at $672.93 a share, marking Google's best week since 2004 and powering the Nasdaq to its best weekly rise in four years.
According to David Kudla, CEO & chief investment strategist at Mainstay Capital Management, the rally in the tech-heavy index still has legs.
"A lot of investors are focused on indexes hitting new highs, but what's more important is underlying valuations. Compared to 2000 when we saw the major crash in the Nasdaq, we are no where near those lofty valuations, so the Nasdaq has more to run," Kudla told CNBC's "The Rundown" early Monday.
For the week ahead, traders will likely be focused on the earnings results of the tech sector's biggest names. In addition to Apple, quarterly figures from Amazon, Microsoft and Yahoo will be on tap.
Among the companies scheduled to hand in their corporate report cards, which stock are you eyeing?
