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$GOOG $4.4 Million Call Seller • Strike: 180 • Expiration: 9/20/24
By: Cheddar Flow | October 19, 2023
• $GOOG $4.4M Call Seller (STO)
Strike: 180
Expiration: 9/20/24
*At the Bid*
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Google, Qualcomm partner for RISC-V based Snapdragon Wear chipset
By: Investing | October 17, 2023
In a strategic partnership, Google (NASDAQ:GOOGL) and Qualcomm (NASDAQ:QCOM) are jointly developing a RISC-V based Snapdragon Wear chipset, aiming to enhance the functionality of future Wear OS watches. The collaboration was disclosed on Tuesday and is expected to result in custom cores, superior performance, and low power consumption for the wearable devices.
This development comes on the heels of the Pixel Watch 2 launch, which is powered by Qualcomm’s Snapdragon W5 Gen 1 processor. As part of their joint venture, Google and Qualcomm are also working towards establishing a robust software ecosystem and compatible apps for the first commercial RISC-V powered Wear OS watches. However, no specific launch date for these products has been provided yet.
RISC-V is an open-source alternative to Arm architecture that could potentially lead to cost savings for consumers due to its open nature. Google's official support for RISC-V in Android, announced in December 2022, along with a roadmap for its implementation, suggests a shift towards this architecture in the tech industry.
The move by Qualcomm and Google appears to be a strategic response to potential changes in Arm's licensing model, which could require device manufacturers to pay royalties based on device value. This partnership signifies a significant stride in wearable tech advancement as it aims to expedite the smartwatch production process for Original Equipment Manufacturers (OEMs).
As revealed by The Next Web, Qualcomm's engineering of a RISC-V-based platform for Google's Wear OS will augment its Snapdragon Wear line that predominantly powers Wear OS devices. The innovative chip architecture of RISC-V brings performance and power advantages to wearable technology. Consequently, Qualcomm's Snapdragon Wear platform innovations are set to rapidly evolve the Wear OS ecosystem.
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Aww, Chrome Browser was killed in Action for not allowing adblockers. Youtube is now not allowed to set any cookies whatsoever!
Alphabet Inc. $GOOGL 52W high and yank but holding well so far.. watching these big 7 tech names to see how they react this week, as they have had go to status
By: Options Mike | October 15, 2023
• $GOOGL 52W high and yank but holding well so far.. watching these big 7 tech names to see how they react this week, as they have had go to status.
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Alphabet Is Attracting Value Buyers Here Ahead of Q3 Earnings
By: Barchart | October 13, 2023
Alphabet (GOOG) stock has held up well in the last month. It looks like good value now ahead of its earnings due to come out on Oct. 24. This is especially the case for short put traders who make money selling short out-of-the-money put options for extra income.
I described this situation with GOOG puts in my Sept. 26 article, “Alphabet Stock Holds Up Well - Ideal for Short Put Traders.” For example, the article described selling short the Oct. 13 expiration puts for the $123 strike price.
The premium received at the time was 90 cents with just 3 weeks to go before expiration. That gave investors who shorted these puts a 0.73% yield on investment. On an annualized basis (i.e., if repeated every 3 weeks for a year), the expected return was 12.4%.
Today those puts are likely to expire worthless since the price today is $138.93 per share. This means the investor has no risk of having to buy the stock at the $123 strike price. It makes sense to roll this trade over for another 3 weeks.
Shorting A New OTM Strike Price
For example, the Nov 3 expiration period is 21 days from now and reflects where the stock will be after Q3 earnings are released and have been absorbed by the market.
Look at the $130 strike price, which is 6.39% below today's price. It shows a premium of $1.52 at the midpoint. That represents an immediate yield of 1.169% (i.e., $1.52/$130) for the short seller.
Moreover, on an annualized basis that works out to an expected return of 20% annually (i..e, 1.169% x 17x). This is the result of multiplying 1.169% x 17 since there are 17 periods of 3 weeks in a year.
GOOG Puts expiring Nov 3 - Barchart - As of Oct. 13, 2023
Here is how this works out on a practical basis. An investor can secure $13,000 in cash and/or margin with their brokerage firm. If they are long GOOG stock that will add to the margin amount.
Then they can enter an order to “Sell to Open” 1 put contract at the $130 strike price for expiration on Nov. 3. The account will immediately receive $152 in cash. Therefore, the $152 is an immediate yield of 1.169% on the $13,000 invested in the trade.
Now, if the investor is able to repeat this every 3 weeks, over a year the account will accumulate $2,584 (i.e., $152 x 17). That works out to an expected return of 19.87% on the $13K invested in this trade.
Obviously, prices will change during this period. There is no guarantee that the investor will make this return. But this shows that this is an attractive way to collect income on an investor's existing shares in GOOG stock.
It also presents a way for value buyers to potentially average into the stock should it fall to the strike price during the expiration period. That is why this is a good way to accumulate more shares in GOOG stock over time.
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Earnings 10/24 After hours
Alphabet Announces Date of Third Quarter 2023 Financial Results Conference Call
MOUNTAIN VIEW, Calif. (Oct 9, 2023) – Alphabet Inc. (NASDAQ: GOOG, GOOGL) will hold its quarterly conference call to discuss third quarter 2023 financial results on Tuesday, October 24, at 1:30 p.m. Pacific Time (4:30 p.m. Eastern Time).
The live webcast of the earnings conference call can be accessed here. A replay of the webcast will be available through the same link following the conference call. Please visit the Investor Relations website at abc.xyz/investor on October 24, 2023 to view the earnings release before the conference call.
About Alphabet Inc.Alphabet is a collection of companies, the largest of which is Google. Larry Page and Sergey Brin founded Google in September 1998 and the company is headquartered in Mountain View, Calif. Billions of people use its wide range of popular products and platforms each day, like Search, Ads, Chrome, Cloud, YouTube and Android.
Contact
Investor Relations:
investor-relations@abc.xyz
Media:
press@abc.xyz
I will use an ad blocker and you will like it!
$GOOGL $3.1 Million Call • Strike: 137
By: Cheddar Flow | October 10, 2023
• $GOOGL $3.1M Call
Strike: 137
Expiration: 10/20/23
*Above the Ask*
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Alphabet (GOOGL) shares rise amid buoyant market, trailing behind competitors
By: Investing | October 9, 2023
Monday saw Alphabet Inc. Cl A (NASDAQ:GOOGL) shares rise by 0.61% to $138.42, marking a second day of gains in an overall buoyant stock market. This performance was amidst the S&P 500 Index and Dow Jones Industrial Average also climbing by 0.63% and 0.59% respectively.
However, Alphabet's performance was mixed when compared to its competitors. Microsoft Corp . (NASDAQ:NASDAQ:MSFT) surged by 0.78%, closing at $329.82, while Amazon.com Inc. (NASDAQ:NASDAQ:AMZN) saw an increase of 0.23% to close at $128.26. Meta Platforms Inc (NASDAQ:META). (NASDAQ:FB), formerly known as Facebook, ended the trading day at $318.36, with a rise of 0.93%.
Despite the slight uptick, Alphabet's closing price was still $0.74 below its 52-week high from September 18th, 2023. The trading volume for Alphabet on Monday was recorded at 19.2 million, falling roughly 5.9 million short of its average trading volume.
The recent market trends reflect a positive investor sentiment as major tech stocks continue to show gains in the current trading environment.
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Alphabet (GOOGL) Shrinks Recruiting Team Following Large-Scale Layoffs
By: Investing | October 9, 2023
In a recent development, Alphabet (NASDAQ:GOOGL) has significantly reduced the size of its recruiting team. This move has led many employees affected by the decision to share their experiences on LinkedIn. Despite Alphabet's assertion that these were not large-scale layoffs, the company has pledged to assist those affected in finding new roles.
An employee, who had planned to retire at Google, was among those dismissed just before his paternity leave. Despite his unexpected dismissal, he praised Google as a "magical place with remarkable people" and expressed his willingness to return if an opportunity presents itself.
This development is part of a series of staff reductions at Alphabet. Earlier this year, Google, an Alphabet subsidiary, embarked on large-scale layoffs in January that resulted in 12,000 employees losing their jobs. In addition to these layoffs, workers from the Waze mapping app department were let go as part of its integration into Google Maps.
Amid these changes, Alphabet has maintained a strong market presence. According to InvestingPro data, the company's Market Cap stands at a robust 1720.0B USD, with a P/E Ratio of 29.24 and a Revenue of 289.53B USD as of the second quarter of 2023. These metrics speak volumes about the company's financial health and its ability to generate profits.
In addition to these metrics, Alphabet has also demonstrated a high return on assets, as indicated by InvestingPro. This suggests that the company has been efficient in using its resources to generate profits. Alphabet's stockholders have also seen high returns on book equity, further underscoring the company's financial strength.
On the other hand, Alphabet's revenue growth has been slowing down recently, as per InvestingPro Tips. This could be a concern for investors, especially in light of the recent layoffs. However, Alphabet remains a prominent player in the Interactive Media and services industry, and its stocks are trading near their 52-week high. This information, coupled with the company's strong return over the past three months, indicates that Alphabet continues to be a profitable investment opportunity.
For more in-depth insights and tips on investing in Alphabet, consider exploring the InvestingPro product that includes additional tips. The product lists 18 tips for Alphabet, providing a comprehensive guide for potential investors.
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Broadcom retains Google as key customer despite rumors of parting ways
By: Investing.com | October 2, 2023
Despite recent rumors suggesting that Alphabet's (NASDAQ: NASDAQ:GOOGL) (NASDAQ: GOOG) lead business unit Google was considering parting ways with semiconductor giant Broadcom (NASDAQ: NASDAQ:AVGO), a Google spokesperson confirmed on Monday that its engagement with Broadcom remains unchanged, labeling Broadcom as an "excellent partner."
The rumor mill, despite its uncertainty, has shed light on the long-queried identity of Broadcom's significant "computing offload customer." While it was widely speculated to be a tech titan, likely Google, this recent internal source seemingly confirms it.
Broadcom's custom silicon projects, also known as application-specific integrated circuits (ASICs), have been a subject of interest since 2022. The company categorized its ASIC revenue into two segments: routing and switching, and compute offload. Compute offload is a two-step process within a data center. Initially, routers and switches decide which part of the data center will handle the computing request. Processors then make the computations, which are subsequently sent back to the end user through the internet or private network by those same routers and switches.
With the confirmation that Google is Broadcom's significant ASIC customer, it's clear that Broadcom plays a crucial role in helping engineer Google's Tensor Processing Units (TPUs)—custom processors for specific AI workloads—as well as routers and switches for Google's extensive global data center fleet.
In the spring of 2022, Broadcom revealed that its ASIC business had generated nearly $800 million in 2021 for routing and switching, and nearly $1.6 billion from compute offload. These sectors had been growing at an average annual rate of 20%. Assuming this growth rate continued and that Google is the sole ASIC customer (which is likely not the case), Google could represent upwards of $3 billion in revenue for Broadcom in 2023, or nearly 10% of total annual sales.
Even though Google has debunked the rumors of parting ways with Broadcom, other ASIC companies such as Marvell (NASDAQ:MRVL) Technology Group, a smaller competitor to Broadcom also riding the AI wave with its own routing and switching chip, would likely be interested in this business opportunity.
Earlier this year, similar rumors suggested that Apple (NASDAQ:AAPL) was nearing the end of its relationship with Broadcom for 5G wireless and Wi-Fi chips. However, a few months later, Apple renewed its multibillion-dollar supply agreement with Broadcom for another couple of years. The secret to Broadcom's retention of these tech giants lies in its chip designs, extensive patent library, and some proprietary in-house manufacturing capabilities.
Despite the rumors of Google trying to save a couple of billion dollars a year, it is well-positioned to continue paying Broadcom for its assistance in compute offload chips while simultaneously growing its profitability from digital ads and Google Cloud.
Broadcom's integral role in the technology sector continues to be highlighted through its partnerships with tech giants like Apple and Google.
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Donaldson Capital Management LLC Lowers Position in Alphabet Inc. (GOOGL)
By: MarketBeat | September 29, 2023
• Donaldson Capital Management LLC trimmed its position in shares of Alphabet Inc. (NASDAQ:GOOGL) by 4.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 69,241 shares of the information services provider's stock after selling 3,579 shares during the quarter. Donaldson Capital Management LLC's holdings in Alphabet were worth $8,288,000 as of its most recent filing with the Securities and Exchange Commission (SEC)...
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Google $GOOG closed below weekly wedge support + first bearish MACD cross this year.
By: TrendSpider | October 1, 2023
• $GOOG Google closed below weekly wedge support + first bearish MACD cross this year.
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Alphabet Inc. $GOOGL Ugly day Friday, but r/s overall, filled it's gap and still in the upper channel.. possible H&S forming 126.6 neckline....
By: Options Mike | September 30, 2023
• $GOOGL Ugly day Friday, but r/s overall, filled it's gap and still in the upper channel.. possible H&S forming 126.6 neckline....
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Tesla created secret team to suppress thousands of driving range complaints https://www.reuters.com/investigates/special-report/tesla-batteries-range/ $GOOG
Alphabet Stock Holds Up Well - Ideal for Short Put Traders
By: Barchart | September 26, 2023
Alphabet (GOOG) stock has held up well during the latest stock market selloff. This bodes well for out-of-the-money short sellers of its put options, who make income selling near-term puts for income. In early trading on Tuesday, Sept. 26, GOOG stock is just below $130 per share.
This is only about 5% below where it was on Sept. 8, when I last wrote about GOOG stock. The stock was at $136.99 when I wrote the Barchart article, “Alphabet Stock Is Still Cheap, Especially for Short Sellers of Its Puts.”
I had suggested that shorting the $130 strike price put options for expiration on Sept. 29 would be worth the 83 cents premium that could be made by selling those puts. Today, those puts trade for just below that original premium.
Selling More OTM GOOG Puts
Although this is a net zero profit or even a slight loss, it might make sense to roll this over to a new expiration period. The key is to pick out-of-the-money (OTM) strike prices that might not get exercised.
For example, for the Oct. 13 expiration period, which is 17 days from now, the $123.00 strike price put option still trades for 90 cents. That can provide a short-seller a 0.73% yield (i.e., $0.90/$123.00).
GOOG Puts expiring Oct. 13 - Barchart - As of Sept. 26
Moreover, if this trade can be repeated every 3 weeks for a year, the investor can make an expected return of over 12.4%. That is because there are 17 periods of 3 weeks in a year.
Now, obviously, this is a theoretical return, and sometimes the options will be exercised, which can potentially cause an unrealized loss. That happens when the investor's put option strike price is higher than the spot price and the put gets exercised. In this case, the investor has to purchase the stock at the strike price and there is an unrealized loss on the trade.
For example, in this week's Sept. 29 expiration period, if GOOG stock stays below $130, the investor will have to purchase the stock at $130.
Shorting OTM GOOG Calls
Nevertheless, the investor can turn around and sell short OTM call options in this situation. That could help ameliorate the unrealized loss.
For example, for the same Oct. 13 expiration period, the $135 strike price call options trade for $1.30 per contract. That strike price is 3.54% OTM and provides a covered call yield of 1.01% over today's spot price (i.e. $1.30/128.56).
GOOG Calls - expiring Oct. 13 - Barchart - As of Sept. 26
This means that if an investor gets their $130 short puts exercised they can turn around and sell one call option contract for expiration on Oct. 13 and receive $1.30.
That covers most of the unrealized loss from the short-put trade. And don't forget that the investor also kept the original premium received from selling short the OTM puts.
This shows that given the relatively modest movements of GOOG stock, options traders can trade around the volatility of the stock and make good income.
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Alphabet $GOOG Gap magnet initiated
By: TrendSpider | September 26, 2023
• $GOOG Gap magnet initiated.
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Alphabet Inc. $GOOGL Leader finally capitulated. 50D holding so far, if not 128 then that gap.. Gap above now if we bounce
By: Options Mike | September 24, 2023
• $GOOGL Leader finally capitulated. 50D holding so far, if not 128 then that gap..
Gap above now if we bounce.
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Here's how Google $GOOGL makes its money
By: Savvy Trader | September 21, 2023
• Here's how Google $GOOGL makes its money.
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$GOOG When the market leaders start getting wacked, it definitely raises some red flags.
By: TrendSpider | September 21, 2023
• $GOOG When the market leaders start getting wacked, it definitely raises some red flags.
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$TSLA & $GOOG $1+ Million Put Sellers. A lot of profit-takers after the move down today
By: Cheddar Flow | September 21, 2023
• $TSLA & $GOOG $1M+ Put Sellers
A lot of profit-takers after the move down today
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Alphabet $GOOG ready for a pullback after an epic bull run?
By: TrendSpider | September 20, 2023
• $GOOG Google ready for a pullback after an epic bull run?
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Google's $GOOGL stock performance each full year since going public
By: Evan | September 17, 2023
• Google's $GOOGL stock performance each full year since going public
2005: +115.2%
2006: +11%
2007: +50.2%
2008: -55.5%
2009: +101.5%
2010: -4.2%
2011: +8.7%
2012: +9.5%
2013: +58.4%
2014: -5.6%
2015: +46.6%
2016: +1.9%
2017: +32.9%
2018: -0.8%
2019: +28.2%
2020: +30.9%
2021: +65.3%
2022: -39.1%
2023*: +55.7% (So far)
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Alphabet $GOOGL hit new 52 week highs today
By: Evan | September 14, 2023
• Google $GOOGL hit new 52 week highs today.
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Alphabet Inc. $GOOGL r/s Not far from 52W high and leading. 138 next resistance then we see
By: Options Mike | September 9, 2023
• $GOOGL r/s Not far from 52W high and leading. 138 next resistance then we see.
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$GOOG There is no stopping this train
By: TrendSpider | September 9, 2023
• $GOOG There is no stopping this train.
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Alphabet (GOOG) Stock Is Still Cheap, Especially for Short Sellers of Its Puts
By: Barchart | September 8, 2023
Despite the tech sell-off, Alphabet (GOOG) stock has held up well recently. In early trading on Friday, Sept. 8, GOOG stock is at $136.92. Moreover, its valuation metrics are still inexpensive. That makes it ideal for short sellers of out-of-the-money puts as an income play.
I discussed why GOOG stock is cheap in my last Barchart article on Aug. 22, “Alphabet Stock Holds Up and Attracts Value Investors and Short-Put Traders.” At the time, GOOG stock was at $130.67. Those arguments are still valid and I believe the stock remains cheap for value investors.
For example, GOOG stock is still trading for just 24 times forward earnings for 2023 and 20x for 2024. This is below is historical 25x average multiple according to Morningstar.
Moreover, most analysts have higher price targets for GOOG stock, according to Yahoo! Finance.
Shorting OTM Puts
In that article, I suggested shorting the out-of-the-money (OTM) puts at the $126 strike price for expiration on Sept. 15. Given that the expiration period was three weeks away the $1.82 premium received for shorting selling those puts was well worth the investment.
This play has proven successful as today those puts are now trading for just 7 cents. In other words, most of the money from shorting those puts has been made. It makes sense now to roll this trade over and short a new expiration period three weeks from now.
For example, the Sept. 29 expiration option chain shows that the $132 puts have an attractive $1.21 premium. That means that the short seller can make an immediate yield of 0.917% (i.e., $1.21/$132.00).
Rolling The OTM Short Put Play Over
However, for some investors the $132.00 strike price may not be conservative enough - it may have too much risk. It is only 3.61% below today's spot price.
Therefore, they may want to short the $130 strike price. This is almost 5% out-of-the-money (OTM) and provides much better risk, in case GOOG stock were to fall from here over the next three weeks.
GOOG Puts - Expiring 9-29-23 - Barchart - As of Sept. 8, 2023
As can be seen above the premium for the $130 strike price is 83 cents and the strike price is over 5% below today's spot price. That provides a good yield of 0.638% and good downside protection.
Moreover, even if this trade is repeated every three weeks at this same price, the return is acceptable. This is because there are 17 periods of 3 weeks in a year. So 17 x 0.638% equals 7.66% on an annualized basis.
That is significantly higher than the stock's existing dividend yield, which is zero. Alphabet still does not pay a dividend. Therefore, for shareholders who own GOOG shares, it makes sense to sell short OTM puts to gain extra income.
The bottom line here is that GOOG stock is still cheap and shorting OTM puts is a good way to play this along with owning the shares.
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$GOOG Google running into some trouble at wedge resistance + RSI made yet another lower high...
By: TrendSpider | September 6, 2023
• $GOOG Google running into some trouble at wedge resistance + RSI made yet another lower high...
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Alphabet Inc. $GOOGL 52W high this week, but couldn't really break out yet
By: Options Mike | September 4, 2023
• $GOOGL 52W high this week, but couldn't really break out yet.
See if the 8D holds now.
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$GOOG UO bubble chart for Google currently shows overwhelmingly call heavy flow through July of next year
By: TrendSpider | September 1, 2023
• $GOOG UO bubble chart for Google currently shows overwhelmingly call heavy flow through July of next year.
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Alphabet (GOOGL): One Chart Explains the Mega-Rally
By: Lucas Downey | August 30, 2023
• Alphabet Inc. (GOOGL) shares have jumped 52% in 2023. This uptrend is being powered by mega appetite for the stock.
Alphabet Attracts Big Money Inflows
Want an edge in trading? Follow the Big Money.
What’s Big Money? Said simply, it’s when a stock rises due to institutional demand. Top stocks tend to attract savvy investors.
You see, fund managers are always looking to bet on the next outperforming stocks…the best in class. They spend countless hours sizing up companies, reading reports, speaking to analysts…you name it. When they find a company firing on all cylinders, they pounce in a big way.
The YTD action tells the story. Each green bar signals unusual buying volumes in GOOGL shares, pushing the stock higher:
Source: www.mapsignals.com
Few stocks have charts this strong. Recent green bars suggest healthy demand. But, what about the fundamental story?
Alphabet Fundamental Analysis
Next, I want to make sure the fundamental story is healthy too. As you can see, GOOGL has had positive sales and EPS growth in recent years:
• 3-year sales growth rate (+21.1%)
• 3-year EPS growth rate (+30.8%)
The company is also expected to grow EPS 18.2% this year.
Source: FactSet
Marrying great fundamentals with our proprietary Big Money software has found some big winning stocks over the long-term.
Check this out. Alphabet has been a top-rated stock at MAPsignals. That means the stock has had buy pressure and growing fundamentals. We have a ranking process that showcases stocks like this on a weekly basis.
It’s made the rare Top 20 report numerous times. The blue bars below shows when GOOGL was a top pick:
Source: www.mapsignals.com
Tracking unusual volumes reveals the power of the MAPsignals process.
Alphabet Price Prediction
The GOOGL rally has been in place for years. Big Money buying in the shares is signaling to take notice. Given the historical gains in share price and strong fundamentals, this stock could be worth a spot in a diversified portfolio.
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Google $GOOG unable to break through wedge resistance today, meanwhile negative RSI divergence continues to build...
By: TrendSpider | August 29, 2023
• $GOOG Google unable to break through wedge resistance today, meanwhile negative RSI divergence continues to build...
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$GOOGL Not sure what else I can add here ~ they have pounded this one for the last 2 days! Larger size DP this evening ~ 1.9 mil shares at $134.57
By: FLOWrensics | August 29, 2023
• $GOOGL Not sure what else I can add here ~ they have pounded this one for the last 2 days! Larger size DP this evening ~ 1.9 mil shares at $134.57
GOOGLE CLOUD NEXT 23 kicked off today & continues through 8/31. A ton of flow to reference (just search the feed)
*Worth noting add'l featured speakers at this event should $NVDA $PANW $DDOG $W $WEN $APP $WDAY $ACN $GTLB $CME $SABR $DLTR $CTSH $KDP
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News out today EV Car maker $GOEV Canoo selects Google Cloud technologies to maximize its data
https://www.prnewswire.com/news-releases/canoo-selects-google-cloud-technologies-to-maximize-its-data-301912043.html $GOOG $GOOGL
$GOOGL 09/29/23 $142C OI now at 18.8K vs 211 yest. They are also coming in to the 09/29 $143C today
By: FLOWrensics | August 29, 2023
$GOOGL 09/29/23 $142C OI now at 18.8K vs 211 yest
— StockNanny (@StockNannyApp) August 29, 2023
They are also coming in to the 09/29 $143C today https://t.co/QeSrxQGAR5 pic.twitter.com/MyiFx0LpcT
$GOOG Round 3?
By: TrendSpider | August 29, 2023
$GOOG Round 3? 🧐 pic.twitter.com/UXKaL1oxZe
— TrendSpider (@TrendSpider) August 29, 2023
Google’s $GOOGL new A3 GPU supercomputer with Nvidia $NVDA H100 GPUs will be generally available next month
By: Evan | August 29, 2023
Google’s $GOOGL new A3 GPU supercomputer with Nvidia $NVDA H100 GPUs will be generally available next month - Tech Crunch pic.twitter.com/9iITZ4C1x1
— Evan (@StockMKTNewz) August 29, 2023
Google unveils enterprise AI tools, new AI chip
By: Investing.com | August 29, 2023
SAN FRANCISCO (Reuters) - Google unveiled a swath of fresh artificial-intelligence technology and partnerships on Tuesday that were geared toward bringing more of the growing technology to large businesses.
The batch of announcements from its Google Next conference in San Francisco included new customers for its cloud software such as General Motors (NYSE:GM) and Estee Lauder Companies (NYSE:EL).
The Alphabet (NASDAQ:GOOGL) subsidiary made public a new version of its custom-built AI chips, unveiled an enterprise-scale tool to watermark and identify images generated with AI - plus tools for security and its office suite.
The flurry of announcements is part of Google's recent effort to showcase its AI plans, after Microsoft (NASDAQ:MSFT) caught the company off guard with an ambitious AI strategy it has been rolling out since last year.
But its big business customers need to be deliberate and move at a different pace, Google Cloud chief Thomas Kurian said in an interview with Reuters.
"We've generally told enterprise customers, 'Go slowly and methodically because it's important that you treat this as a strategic software development,'" he said. "There's been this sort of FOMO of, 'I need to be in generative AI for generative AI's sake.'"
FOMO refers to fear of missing out, a common refrain in AI in recent months.
To bolster Google's enterprise cloud service it added 20 AI models to its collection, bringing the total to 100. The AI infrastructure includes deals to bring Google Cloud customers access to Meta Platforms (NASDAQ:META)' AI model LLaMa 2, and to the startup Anthropic's Claude 2.
Google announced new versions of its own foundation AI infrastructure that improve performance and add features. The new version of its text model called PaLM, for example, increased the amount of text users can input to make it easier to process longer documents such as legal briefs and books.
Google discussed a tool that adds the capability to watermark AI-generated images. Called SynthID, the technology alters a digital image file in a way invisible to human eyes. It is designed to remain intact after an image is altered or tampered with.
Google also rolled out AI updates to its suite of office software and security tools. The company unveiled an AI-powered tool that can port databases from Oracle (NYSE:ORCL) to an open-source version, a notoriously difficult task.
CUSTOM AI CHIPS
Ahead of the announcement of its full-fledged fifth-generation tensor processing unit (TPU), Google has opened access to a version that is optimized for genAI and large language models.
The new chip, called TPU v5e, is designed to train large models but also efficiently serve content from those models. It is not as powerful as the as yet unlaunched flagship fifth AI generation chip.
Google has stitched together the TPU v5e chips into batches of 256 that it describes as a "supercomputer." Cloud customers can connect several pods together in order to tackle more complex computing problems.
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Alphabet $GOOGL Sweepers aggressive out of the gate into the 09/29/23 $142 CALLS
By: FLOWrensics | August 28, 2023
• $GOOGL Sweepers aggressive out of the gate into the 09/29/23 $142 CALLS
Google Cloud Next 23 kicks off tomorrow 08/29 to 08/31.
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Alphabet Inc. $GOOGL 52W high on Thursday but couldn't hold. That said still showing r/s and holding most of the earnings gap
By: Options Mike | August 27, 2023
• $GOOGL 52W high on Thursday but couldn't hold. That said still showing r/s and holding most of the earnings gap.
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It is apparent that the majority of "investors" in the larger market never checks or even looks at what "Google (is) doing what leaders do". These very quick whipsaw actions in share prices have become normalized for many quality stocks. Uncertainty and impatience and knee-jerk reaction is ruling the day. C'est :La Vie. GLTA
$GOOG Google doing what leaders do
By: TrendSpider | August 23, 2023
• $GOOG Google doing what leaders do.
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Google $GOOG hit new 52 week highs earlier today
By: Evan | August 23, 2023
• Google $GOOG hit new 52 week highs earlier today.
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Double Top Breakout today on 23-Aug-2023
Entered a day order to buy at $133 GLTA
PS: Day order filled at $133.00
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8-34-200
toned daily pps PPO acuml vol r.s.i.
10 yr. black/daily/200ma 300ma 400ma 500ma 600ma PPS VOLUME
NEW UPDATES COMING /////\\\\\ 08-10-2015
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