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Alphabet $GOOGL $1.4+ Million Weekly OTM Call Sweepers. These traders are looking for a short-term bounce to scalp
By: Cheddar Flow | December 11, 2023
• $GOOGL $1.4M+ Weekly OTM Call Sweepers (Unusual)
These traders are looking for a short-term bounce to scalp
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Alphabet $GOOGL Released a new chatGBT version, talk that the video was staged... 50D holds all good. Not far from 52W high
By: Options Mike | December 10, 2023
• $GOOGL Released a new chatGBT version, talk that the video was staged... hmm
50D holds all good. Not far from 52W high.
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GOOG puts may be deep ITM today as they sell it off.
mb
That's exactly what I'm saying. That The Cloud TP-Me. 💫💫💫
Options Traders Respond to Alphabet's (GOOGL) New AI Model
By: Schaeffer's Investment Research | December 7, 2023
• Competition for OpenAI's ChatGPT is here
• GOOGL's total options volume is running at four times the intraday average
In more artificial intelligence (AI) news, Alphabet Inc (NASDAQ:GOOGL) today launched its Gemini AI model, which could compete with OpenAI, the parent of ChatGPT that is backed by Microsoft (MSFT). At last check, GOOGL is up 5.6% at $137.26.
The options pits are abuzz, with 456,000 calls and 255,00 puts exchanged so far -- four times the intraday average amount. The December 140 call, where new positions are being opened, is the most popular contract.
These traders are getting a bargain, as GOOGL's Schaeffer's Volatility Index (SVI) of 25% stands in the relatively low 16th percentile of annual readings. This means options traders are pricing in lower-than-usual volatility expectations.
Today's surge puts Alphabet stock back above its 20-day moving average, after the $128 level captured a brief pullback earlier in the week. The security could also make another attempt to conquer the $140 mark, where its October rally lost steam. For 2023, GOOGL sports a 55.6% lead.
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Alphabet (GOOGL) soars as Wall Street cheers arrival of AI model Gemini
By: Investing | December 7, 2023
(Reuters) - Alphabet (NASDAQ:GOOGL) surged 5% on Thursday as Wall Street cheered the launch of Gemini, saying the new artificial intelligence model could help narrow the gap in a race with Microsoft-backed OpenAI.
Long considered a leader in AI research, Alphabet lost the spotlight when OpenAI's ChatGPT swept the tech landscape upon its launch last November and allowed investor Microsoft (NASDAQ:MSFT) to aggressively roll out AI-powered software to businesses.
Now, Gemini looks poised to boost Alphabet's AI heft again.
The Google parent said the much-awaited AI system was faster than OpenAI's latest model and can process different forms of media such as video, audio and text. It comes in three versions, each designed to use a different amount of processing power.
"Google is beginning to address investor concerns around generative AI innovation and the high cost of running GenAI models through the combination of Gemini's different model sizes," J.P. Morgan analysts said.
The company was on track to add nearly $80 billion to its market value, if gains hold. The warm reception contrasted with the nearly $100 billion selloff in Alphabet in February after its Bard chatbot shared inaccurate information in a promotional video and a company event failed to impress.
"Gemini's release comes at an interesting point in time when OpenAI/ChatGPT users have been complaining about how updates to the GPT model family have potentially impacted the quality of its output," Macquarie analysts wrote in a note.
"If Google is shipping a GPT-4-beating model, this could help gather user and developer momentum behind Google."
In the September quarter, growth at Alphabet's cloud unit slowed to a near three-year low, paling in comparison to the rebound seen at Microsoft Azure, which benefited from spending by businesses preparing to roll out AI features.
Microsoft currently trades at 30.68 times its 12-month forward earnings estimates, compared with the Google parent's 19.59.
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Alphabet unveils long-awaited Gemini AI model
By: Investing | December 6, 2023
SAN FRANCISCO (Reuters) - Alphabet (NASDAQ:GOOGL) on Wednesday introduced its most advanced artificial intelligence model, a technology capable of crunching different forms of information such as video, audio and text.
Called Gemini, the Google owner's highly anticipated AI model is capable of more sophisticated reasoning and understanding information with a greater degree of nuance than Google's prior technology, the company said.
"This new era of models represents one of the biggest science and engineering efforts we’ve undertaken as a company," Alphabet CEO Sundar Pichai wrote in a blog post.
Since the launch of OpenAI's ChatGPT roughly a year ago, Google has been racing to produce AI software that rivals what the Microsoft-backed company has introduced.
Google added a portion of the new Gemini model technology to its AI assistant Bard on Wednesday, and said it planned to release its most advanced version of Gemini through Bard early next year.
Alphabet said it is making three versions of Gemini, each of which is designed to use a different amount of processing power. The most powerful version is designed to run in data centers, and the smallest will run efficiently on mobile devices, the company said.
Gemini is the largest AI model that the company's Google DeepMind AI unit has helped make, but it is "significantly" cheaper to serve to users than the company's prior, larger models, DeepMind Vice President, Product Eli Collins told reporters.
"So it's not just more capable, it's also far more efficient," Collins said. The latest model still requires a substantial amount of computing power to train, but Google is improving on its process, he added.
Alphabet also announced a new generation of its custom-built AI chips, or tensor processing units (TPUs). The Cloud TPU v5p is designed to train large AI models, and is stitched together in pods of 8,960 chips.
The new version of its customer processors can train large language models nearly three times as fast as prior generations. The new chips are available for developers in "preview" as of Wednesday, the company said.
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She compressed the image, but I flashed her drive :)))
Even more important than going to the Moon is when she sends me out of the Solar System
Google Heapfind is now old
I'm ready for Goo-G's Bloomingsun Mathematics
A 'biggest bang fully blown' story
He's the fireplace bellow because he's screaming like hell.
She's the fireplace bellow because she's stoking his flame.
He's obeying her every move because she has perfect control.
She's obeying him because there is only one song for his uni-verse.
He's the soulless sucker because his soul came out.
She's the [soulless sucker]x2 because she mathed it down to remainder zero AND finished the job
Alphabet $GOOGL lost a bunch of key levels here.. 128.5 level to watch to hold now
By: Options Mike | December 3, 2023
• $GOOGL lost a bunch of key levels here..
128.5 level to watch to hold now.
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Whoever made the decision needs to be shitcanned!
https://www.cnbc.com/2023/11/29/google-maps-new-colors-upset-some-including-former-designer.html
Commonwealth Equity Services LLC Raises Holdings in Alphabet Inc. (GOOGL)
By: MarketBeat | November 26, 2023
• Commonwealth Equity Services LLC grew its position in shares of Alphabet Inc. (NASDAQ:GOOGL) by 1.9% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 2,483,495 shares of the information services provider's stock after purchasing an additional 45,910 shares during the quarter. Alphabet makes up about 0.6% of Commonwealth Equity Services LLC's holdings, making the stock its 21st largest position. Commonwealth Equity Services LLC's holdings in Alphabet were worth $297,274,000 at the end of the most recent reporting period...
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Alphabet $GOOGL Beaten up on delay of their ChatGBT-4 offering to take on OpenAI.. oh wait.. OpenAI now has huge problems too...
By: Options Mike | November 19, 2023
• $GOOGL Beaten up on delay of their ChatGBT-4 offering to take on OpenAI.. oh wait.. OpenAI now has huge problems too...
Dip a gift here, held the 8/50D strong name.
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$GOOGL attracted significant net money inflows from top hedge funds which increased its stakes by 14% in Q3
By: HedgeMind | November 17, 2023
• $GOOGL attracted significant net money inflows from top hedge funds which increased its stakes by 14% in Q3.
Bill Ackman, a top buyer, doubled his position to hold 4.35M+ shs.
And worth to mention $GOOGL is Stanley Druckenmiller's top pick, a new position.
$GOOGL has recovered most of its losses after Q3 earnings report.
See who else got on board:
https://hedgemind.com/stocks/?symbol=GOOGL
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Defeat this 150 before xmas
Barclays anticipates Google defeat in antitrust case, stock rises
By: Investing | November 14, 2023
Alphabet (NASDAQ:GOOGL) Inc. (NASDAQ:GOOG), the parent company of Google, is currently navigating through a challenging antitrust lawsuit. Despite a prediction from Barclays that the tech giant may face a defeat in the U.S. antitrust case, Alphabet's shares experienced an unexpected rise, increasing by 1.5% today. This legal battle has been brought into sharper focus following expert testimony on Monday that disclosed Google derives a significant 36% of its search advertising revenue from Safari users.
The spotlight on Google's revenue-sharing agreement with Apple Inc. (NASDAQ:AAPL) could provide leverage to regulatory authorities like the U.K.'s Competition and Markets Authority (CMA). The authority may consider enforcing measures similar to those used in Europe, such as "choice screens" for search engines and limits on revenue sharing. These measures have been implemented on some Android devices in Europe but have had limited impact on Alphabet's market valuation.
Despite these challenges, Wall Street maintains a positive outlook on Alphabet's financial prospects.
The case against Google has been gaining momentum since earlier in November 2023, when Barclays raised concerns about the formidable case built by the U.S. Justice Department. The unique market dynamics of iOS devices in the U.S., which are due to evolve in 2024, could exacerbate the impact if Google were to lose this legal dispute. This outcome could lead Apple to consider alternatives for its search service, potentially partnering with Microsoft (NASDAQ:MSFT)'s Bing or developing its own search engine.
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Alphabet $GOOGL Despite a bla report slowly being bought back. In the gap 50D still the next big spot
By: Options Mike | November 12, 2023
• $GOOGL Despite a bla report slowly being bought back.
In the gap 50D still the next big spot.
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Google in talks to invest in AI startup Character.AI -sources
By: Investing | November 10, 2023
(Reuters) - Alphabet (NASDAQ:GOOGL)'s Google is in talks to invest hundreds of millions of dollars in Character.AI, as the fast growing artificial intelligence chatbot startup seeks capital to train models and keep up with user demand, two sources briefed on the matter told Reuters.
The investment, which could be structured as convertible notes, according to a third source, will deepen the existing partnership Character.AI already has with Google, in which it uses Google's cloud services and Tensor Processing Units (TPUs) to train models.
Google and Character AI did not respond to requests for comment.
Founded by former Google employees Noam Shazeer and Daniel De Freitas, Character.AI allows people to chat with virtual versions of celebrities like Billie Eilish or anime characters, while creating their own chatbots and AI assistants. It is free to use, but offers subscription model that charges $9.99 a month for users who want to skip the virtual line to access a chatbot.
Character.AI's chatbots, with various roles and tones to choose from, have appealed to users ages 18 to 24, who contributed about 60% of its website traffic, according to data from Similarweb (NYSE:SMWB). The demographic is helping the company position itself as the purveyor of more fun personal AI companions, compared to other AI chatbots from OpenAI's ChatGPT and Google's Bard.
The company previously said its website had attracted 100 million monthly visits in the first six months since its launch.
Character.AI is also in talks to raise equity funding from venture capital investors, which could value the company at over $5 billion, sources said. In March, it raised $150 million in a funding round led by Andreessen Horowitz at $1 billion valuation.
The talks with Google are ongoing and terms of the deal could change, said the sources, who requested anonymity as the discussions are private.
Google has been investing in AI startups, including $2 billion for model maker Anthropic in the form of convertible notes, on top of its earlier equity investment. Anthropic uses Google's cloud services as well as its latest version of TPUs.
That is part of a recent trend in which big tech cloud services providers are striking deals with AI companies to entice them to use certain cloud or hardware in the computer-intensive race to build models and serve consumers, including Microsoft (NASDAQ:MSFT) investments in OpenAI and Google and Amazon (NASDAQ:AMZN)'s bets on Anthropic.
U.S. Federal Trade Commission chair Lina Khan said at an event in San Francisco last week that the agency is looking into cloud provider investments in AI startups to examine any anti-competitive behaviors.
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Alphabet $GOOGL They sold the report and guidance, but back to the gap now. On watch this week, will be telling if the power it back up through this gap
By: Options Mike | November 5, 2023
• $GOOGL They sold the report and guidance, but back to the gap now.
On watch this week, will be telling if the power it back up through this gap.
120 support.
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With all the Magnificent 7 now reported except $NVDA, I updated my Mag 7 chart showing 2024 P/E vs forward 5yr EPS growth per WS to compute a 2024 PEG for each
By: Gary Black | November 2, 2023
• With all the Magnificent 7 now reported except $NVDA, I updated my Mag 7 chart showing 2024 P/E vs forward 5yr EPS growth per WS to compute a 2024 PEG for each.
$GOOG still cheapest of Mag 7 at 1.1x PEG. META and AMZN tied for 2nd place at 1.2x PEG.
$AAPL still most expensive at 2.9x PEG. Tonight AAPL reduced rev growth for Dec qtr so PEG could >3.0. MSFT 2nd most expensive.
$TSLA 2024 PEG now 1.8x vs 1.7x avg for Mag 7 ex-TSLA.
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That’s funny. 120 billion cash. 8 billion cash interest yearly at 5% in the bank on their money
Google $GOOG Total Debt (mrq) $29.45B w/ Book Value of only $21.78 overbought by 600%
$GOOG Google trying to hold the ~$120 volume shelf after last weeks big breakdown...
By: TrendSpider | October 29, 2023
• $GOOG Google trying to hold the ~$120 volume shelf after last weeks big breakdown...
Sizable volume gap below it.
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$GOOGL Opening OTM leaps ~ 01/17/25 $220 CALLS
By: FLOWrensics | October 27, 2023
• $GOOGL Opening OTM leaps ~ 01/17/25 $220 CALLS.
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GOOG $123.94 -16.18 (-11.55%) ... A DOSE OF KARMA FOR EVIL GOOGLE!!!!!!!!!!
Alphabet $GOOGL suffers largest daily loss since covid
By: Barchart | October 25, 2023
• Alphabet $GOOGL suffers largest daily loss since covid.
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Alphabet Inc. share price DOUBLE BOTTOM BREAKDOWN today on 25-Oct-2023.
Started gradual buying in steps as price goes down. GLTA
Huge Call Volume in GOOG and GOOGL Today Signals Some are Still Bullish
By: Barchart | October 25, 2023
Alphabet (GOOG, GOOGL) released mixed earnings yesterday to disappointed investors. GOOG and GOOGL stock have both taken hits. But the huge volume today in its calls signals some think the drop today is overdone.
The company said its revenue rose 11% year over year to $76.93 billion from $69.09 billion a year ago. But this was disappointing as the market had been forecasting revenue of $85.15 billion, according to Seeking Alpha.
Moreover, Q3 sales were only $2.09 billion higher than last quarter's $74.6 billion in sales. That represents a paltry 2.8% QoQ revenue growth rate.
In addition, Google Cloud sales rose just 4.7% from $8.0 billion in Q2 to $8.4 billion in Q3. Investors had been hoping to see much higher growth.
Free Cash Flow Still Strong
Nevertheless, the company's free cash flow (FCF) is strong. In Q3 it generated $22.6 billion in FCF. That was 3.77% higher than the Q2 FCF figure of $21.778 billion.
But even more importantly the FCF margin stayed elevated at 29.4% in Q3 vs. 31.5% in the prior quarter.
The bottom line is that Alphabet is still an incredibly strong and profitable company, although its growth rate seems to be slowing.
Heavy Call Option Volume Today
Today a large volume of calls with unusually high ratios of volume to open interest (Vol/OI) have traded in both GOOG and GOOGL stock. This can be seen in the Barchart Unusual Stock Options Activity Report table below.
10-25-23 - Barchart Report - GOOG and GOOGL
It shows that most of the strike prices of these call options are out-of-the-money (OTM). That indicates that some of these trades may have been initiated by bullish investors who think that the roughly 9% downdraft in Alphabet stock today may have been overdone.
On the other hand, some of these trades offer good covered call opportunities for existing GOOG and GOOGL investors. For example, the $130 strike price calls due Nov. 3, which is 9 days from now, offer a premium of $1.27.
That represents a 1.0% yield on today's spot price of $127.33 per share with less than 2 weeks to go before expiration. So, on an annualized basis, assuming this trade could be repeated 26 times in a year, the expected return is 25.9%. That assumes, again, that this exact trade could be repeated each time.
The bottom line seems to be that some option investors are taking advantage of today's weakness in GOOG and GOOGL stock, based on its reset growth rate.
Contrarian Thinking
This is essentially how contrarians think. For example, is it really such a bad thing that this company has produced a 29% FCF margin and generated $22 billion in free cash flow? I don't think so.
For example, using a FCF yield metric we can estimate a value for GOOG stock. Let's assume that analyst estimates for $339.57 billion in sales next year come to pass. That implies that, using a 29.4% FCF margin its FCF could rise to about $100 billion (i.e., 0.294 x $339.57 = $99.8 billion).
So, what is a company that generates $100 billion in free cash flow worth? At a 3% FCF yield (i.e., 33.3x FCF) it is worth $3.33 trillion. Today's market cap is $1.589 trillion.
Moreover, even using a 5% yield (i.e., 20x FCF), it is worth $2 trillion. That is still 25.9% over today's market cap, implying huge upside in the stock. It could still be worth $160.30 per share (i.e., 1.259 x $127.33). That assumes Alphabet generates a consistent 29% to 30% FCF margin and its revenue growth stays on target with analyst estimates.
In fact, even at a 5.5% FCF yield (i.e., 18.2x FCF), the market cap should be worth $1.818 trillion, or 14.4% over today's price. That puts the minimum price target at $145.66 per share.
In other words, maybe this hit to Alphabet's market cap is temporary. No wonder there are large call buyers today in GOOG stock and GOOGL stock.
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Google $GOOGL is starting trading today down more than 8% with its market cap dropping by $150 Billion overnight
By: Evan | October 25, 2023
• Google $GOOGL is starting trading today down more than 8% with its market cap dropping by $150 Billion overnight.
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Financial Services Price Targets on Google $GOOGL
By: Evan | October 25, 2023
Morgan Stanley today lowered its price target on Google $GOOGL to $150 from $155 while maintaining its Overweight rating
Barclays lowered its price target on Google $GOOGL to $180 from $200 while maintaining its Overweight rating
Rosenblatt raised its price target on Google $GOOGL to $174 from $163 while maintaining its Buy rating
Needham raised its price target on Google $GOOGL to $160 from $140 while maintaining its Buy rating
Keybanc lowered its price target on Google $GOOGL to $153 from $155 while maintaining its Overweight rating
Baird raised its price target on Google $GOOGL to $145 from $140 while maintaining its Outperform rating
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History of Google's $GOOGL Q3 revenue
By: Savvy Trader | October 25, 2023
• History of Google's $GOOGL Q3 revenue
2004: $805.9M
2005: $1.6B
2006: $2.7B
2007: $4.2B
2008: $5.5B
2009: $5.9B
2010: $7.3B
2011: $9.7B
2012: $13.3B
2013: $13.8B
2014: $16.5B
2015: $18.7B
2016: $22.4B
2017: $27.8B
2018: $33.7B
2019: $40.5B
2020: $46.2B
2021: $65.1B
2022: $69.1B
2023: $76.7B
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Google Cloud's $GOOGL Revenue and Operating Income each quarter since Q4 2019
By: Evan | October 24, 2023
• Google Cloud's $GOOGL Revenue and Operating Income each quarter since Q4 2019.
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Alphabet shares fall after cloud revenue gains fall short of expectations
By: Investing | October 24, 2023
Google parent Alphabet (NASDAQ:GOOGL) Inc Class C (NASDAQ:GOOG) shares fell more than 5% in after-hours trading after weaker than expected gains in revenue from its cloud computing operation.
The company reported third quarter earnings of $1.55 a share on revenue of $76.7 billion. Both measures beat expectations for profit of $1.46 a share on revenue of $75.9 billion.
Overall, revenue was up 11%. Cloud revenue rose 22% to $8.4 billion but was short of expectations for $8.6 billion.
Google said revenue from search and other businesses rose 11% to $44 billion, and YouTube advertising revenue rose 12% to $7.9 billion.
Alphabet CEO Sundar Pichai said: "I'm pleased with our financial results and our product momentum this quarter, with AI-driven innovations across Search, YouTube, Cloud, our Pixel devices and more. We're continuing to focus on making AI more helpful for everyone; there's exciting progress and lots more to come."
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Alphabet $GOOGL Just Reported Earnings...
By: Evan | October 24, 2023
• GOOGLE $GOOGL JUST REPORTED EARNINGS
EPS of $1.55 beating expectations of $1.45
Revenue Ex-TAC of $64.1B beating expectations of $63B
Total Revenue of $76.7B beating expectations of $75.8B
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Google Stock Expectations In the Spotlight: Will Earnings Results Exceed Expectations?
By: StockCharts | October 24, 2023
• Google's Q3 earnings will have an impact on which way the stock moves
• GOOGL's daily stock chart shows the stock is trading very close to its 52-week high
• GOOGL stock is trading above its 21-day exponential moving average, it has a high SCTR rank, and its relative strength index is climbing
Big tech earnings week kicks off with Google parent Alphabet, Inc. (GOOGL) reporting on Tuesday after the close. More recently, the AI boom has been the biggest driver of the stock market, so that could be the main focus, as the big tech companies report. GOOGL has invested significantly into AI and will likely make it central to their search capabilities. Investors will be listening to how the company's investments could pay off.
When GOOGL opens its books on Tuesday after the market close, investors will be closely listening for guidance, especially in the AI front. Analysts expect EPS of $1.45 and revenues of $75.94 billion. A lot is riding on GOOGL's earnings report, and the results could push the stock price in either direction. A positive earnings report could send GOOGL's stock price close to or above its all-time high. If earnings miss expectations, the stock price could see a significant fall.
GOOGL Price Chart: A Weekly Perspective
Google's stock price has been trending higher in 2023 and is trading pretty close to its 52-week high. The Distance To 52-Week High is at 1.41%. When you look at the weekly chart of GOOGL stock, it's clear that it was in a strong uptrend from April 2020 to November 2022. Since then, the stock went through a reversal and trended lower. But GOOGL has recovered from the downtrend and trended higher in 2023 (see chart below).
CHART 1: WEEKLY CHART OF GOOGL STOCK. Although the stock has been trending higher for 2023, its Q3 earnings report can have a significant impact on the price action of Google's stock. Chart source: StockChartsACP. For educational purposes.
On the weekly chart, the 23.6% and 38.2% Fibonacci retracement levels coincide with the 21-week exponential moving average (EMA) and the 50-week simple moving average (SMA), respectively, critical support levels to watch.
GOOGL Price Chart: Daily Price Action
Switching to a daily chart of GOOGL (see chart below), you can see that GOOGL stock is holding support at the 50-day SMA. If earnings beat expectations and the company has a strong outlook on AI, the stock price could go higher.
CHART 2: DAILY CHART OF GOOGL STOCK. The daily chart shows a high SCTR score and a rising RSI. Both indicate strength in the stock. Let's see if GOOGL's Q3 earnings report sends this stock higher. Chart source: StockChartsACP. For educational purposes.
The daily chart is showing strength. The stock bounced off its 50-day SMA and is trading above its 21-day EMA. The StockCharts Technical Rank (SCTR) is registering at around 95, which indicates the stock is strong. The relative strength index (RSI) is around 56, which suggests the stock has upside room if earnings are strong.
Google's stock price today is trading higher, but investors are probably waiting to hear what the company says in their earnings conference call before buying more shares.
If earnings beat and guidance is positive, and the stock trends higher, look for a close above the October 12 high of $141.22. This would be a higher high, a requirement to seal the uptrend.
If, on the other hand, GOOGL reports disappointing earnings, the stock price could fall significantly. A drop below the September 26 of $127.22 would bring the stock price to a lower low, which would be an indication of a downtrend.
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GOOGL ~ $1 Million Call • Strike: 160 • Expiration: 6/21/24
By: Cheddar Flow | October 24, 2023
• $GOOGL ~$1M OTM Call
Strike: 160
Expiration: 6/21/24
*At the Ask*
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Alphabet (GOOGL) gears up for Q3 earnings amid antitrust conflict
By: Investing | October 24, 2023
Alphabet (NASDAQ:GOOGL) Inc., the parent company of Google, is set to reveal its third-quarter earnings amidst an ongoing antitrust dispute with the Justice Department.
This year, Alphabet's stock has seen a remarkable surge of 55%, considerably outpacing the S&P 500 SPX's 10% rise in 2023. Analysts have set an average price target of $152.08 for the stock, with 47 buy ratings and 10 hold ratings among them.
Investors are keeping a keen eye on Alphabet's digital ad spending, specifically the anticipated re-acceleration of search and YouTube revenues. Despite Meta (NASDAQ:META)'s continued dominance in the ad sector, expectations are mounting over a potential face-off with Apple (NASDAQ:AAPL).
Analysts at Goldman Sachs have commended Alphabet's management for effectively optimizing the company's long-term cost structure. They describe this as an "under-appreciated narrative" and position Alphabet as a leading player in artificial intelligence (AI), influencing upcoming shifts in computing.
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Google $GOOGL reports earnings tomorrow after the markets close, Wall ST is expecting numbers of
By: Evan | October 23, 2023
• Google $GOOGL reports earnings tomorrow after the markets close, Wall ST is expecting numbers of
EPS of $1.45 up 27% YoY
Total revenue of $75.8B up 9.7% YoY
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Alphabet (GOOGL) Shares Rebound Despite Broader Market Struggle
By: Investing | October 23, 2023
Alphabet (NASDAQ:GOOGL) Inc.'s shares bucked the trend of key market indices S&P 500 and Dow Jones on Monday, ending a three-day losing streak by climbing 0.66% to $136.50. This occurred despite the indices dropping by 0.17% and 0.58% respectively.
Although Alphabet's share price closed $4.72 below its October high of $141.22, the company's rise was less pronounced than that of its competitors. Microsoft (NASDAQ:MSFT), Amazon (NASDAQ:AMZN), and Meta Platforms (NASDAQ:META) saw their stocks increase by 0.81%, 1.11%, and 1.74% respectively.
Monday also marked an impressive trading day for Alphabet in terms of volume, as it hit 26.2 million, surpassing its 50-day average. This underscores the heightened interest in the company despite struggles in the broader market.
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Chart of the Day: Google - By Any Other Name is Still Sweet
By: Barchart | October 23, 2023
The Chart of the Day belongs to technology giant Alphabet (GOOG) . I found the stock by using Barchart's powerful screening functions to find stocks with the highest technical buy signals, highest Weighted Alpha, superior current momentum and having a Trend Seeker buy signal then used the Flipchart feature to review the charts for consistent price appreciation.
GOOG Price vs Daily Moving Averages
Alphabet Inc. offers various products and platforms in the United States, Europe, the Middle East, Africa, the Asia-Pacific, Canada, and Latin America. It operates through Google Services, Google Cloud, and Other Bets segments. The Google Services segment provides products and services, including ads, Android, Chrome, hardware, Gmail, Google Drive, Google Maps, Google Photos, Google Play, Search, and YouTube. It is also involved in the sale of apps and in-app purchases and digital content in the Google Play store; and Fitbit wearable devices, Google Nest home products, Pixel phones, and other devices, as well as in the provision of YouTube non-advertising services. The Google Cloud segment offers infrastructure, cybersecurity, data, analytics, AI, and machine learning, and other services; Google Workspace that include cloud-based collaboration tools for enterprises, such as Gmail, Docs, Drive, Calendar, and Meet; and other services for enterprise customers. The Other Bets segment sells health technology and internet services. The company was founded in 1998 and is headquartered in Mountain View, California.
Barchart's Opinion Trading systems are listed below. Please note that the Barchart Opinion indicators are updated live during the session every 20 minutes and can therefore change during the day as the market fluctuates. The indicator numbers shown below therefore may not match what you see live on the Barchart.com website when you read this report.
Barchart Technical Indicators:
100% technical buy signals
40.30+ Weighted Alpha
36.02% gain in the last year
Trend Seeker buy signal
Above its 20, 50 and 100 day moving averages
10 new highs and up 1.60% in the last month
Relative Strength Index 49.45%
Technical support level at $135.64
Recently traded at $136.74 with 50 day moving average of $135.07
Fundamental Factors:
Market Cap $1.74 trillion
P/E 29.44
Revenue expected to grow 1.80% this year and another 11.30% next year
Earning estimated to increase 16.70% this year, and an additional 18.30% next year and continue to compound at an annual rate of 17.98% for the next 5 years
Analysts and Investor Sentiment -- I don't buy stocks because everyone else is buying but I do realize that if major firms and investors are dumping a stock it's hard to make money swimming against the tide:
Wall Street analyst gave 34 strong buy, 10 buy and 8 hold opinions on the stock
Analysts' price targets are between $113 and $151 with a consensus of $150
The individual investors following the stock on Motley Fool voted 1,506 to 41 for the stock to beat the market with the more experienced investors voting 239 to 7 for the same result
Value Line rates it an above average 2 plus a Price Growth Persistence score of 95 and a Price Stability score of 90
CFRAs MarketScope rates it 4b star buy with a price target of $157
1,290,000 investors monitor the stock on Seeking Alpha
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History of Google's $GOOGL Q3 revenue
By: Evan | October 22, 2023
• History of Google's $GOOGL Q3 revenue
2004: $805.9M
2005: $1.6B
2006: $2.7B
2007: $4.2B
2008: $5.5B
2009: $5.9B
2010: $7.3B
2011: $9.7B
2012: $13.3B
2013: $13.8B
2014: $16.5B
2015: $18.7B
2016: $22.4B
2017: $27.8B
2018: $33.7B
2019: $40.5B
2020: $46.2B
2021: $65.1B
2022: $69.1B
2023: Find out after the markets close on Tuesday
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GOOG $1 Million Call • Strike: 146 • Expiration: 11/24/23
By: Cheddar Flow | October 20, 2023
• $GOOG $1M OTM Call (Unusual)
Strike: 146
Expiration: 11/24/23
*At the Ask*
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DiscoverGold
$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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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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