Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
This $GOOG trader SOLD $2.6 Million of puts to open
By: Cheddar Flow | February 9, 2024
• This $GOOG trader SOLD $2.6M of puts to open
You can tell it was to open because the amount of contracts sold was higher than the existing OI
This trader is looking to collect premium on these contracts and a lot of it too (Bullish for GOOG)
Read Full Story »»»
DiscoverGold
$GOOGL Had a very unusual amount of call LEAPS today
By: Cheddar Flow | February 6, 2024
• $GOOGL Had a very unusual amount of call LEAPS today
These prints have high premium and some are very far OTM like the 260c's
They were also opening orders, due to Vol > OI
Read Full Story »»»
DiscoverGold
Cathie Wood & Ark Invest's Sells 15,455 Shares of Alphabet Inc. (GOOG)
By: Ark Invest Daily | February 5, 2024
• Cathie Wood and Ark Invest's trade activity from today 2/5.
Read Full Story »»»
DiscoverGold
Based on Relative Strength, Alphabet (GOOGL) Is An Unloved Stock
By: Tom Bowley | February 4, 2024
Nearly two weeks ago, I was discussing in our FREE EB Digest newsletter why I felt Alphabet (GOOGL) was poised for a decline after earnings. It was continuing to push higher, which, on the surface, was a fairly bullish signal. However, if you looked at how strong internet stocks ($DJUSNS) were performing as a whole, then it became rather obvious that the big Wall Street firms weren't overly impressed with GOOGL as it head towards its quarterly earnings release. Check out the bottom two panels - the first showing GOOGL:$DJUSNS relative strength and then the second showing the relative strength of Meta Platforms (META) vs. the internet group (META:$DJUSNS):
In our January 26th EB Digest newsletter article, I featured the above trading range (139-144) as a possible landing area for GOOGL after earnings. Heading into its earnings, GOOGL was overbought and was a SIGNIFICANT relative under performer. It's pretty obvious to me that META was leading the internet group, while GOOGL was the beneficiary of being in a strong group. GOOGL's recent weakness did, however, send the stock down into that 139-144 trading range and GOOGL is now testing a longer-term uptrend line. While I'd expect a price bounce from here, it's really relative strength that I'll be watching.
Read Full Story »»»
DiscoverGold
Funds are Loading. Those numbers were Great. And next Q is the full AI revenue start. The games will end soon enough
Even though this is the second day in Downtrend for the Dailies, the Weekly still in Uptrend at this time. We shall know more in few trading sessions which tendency will prevail. GLTA
Google share price High Pole Warning today 31-Jan-2024.
GOOGL is correcting within a longer-term bullish trend. Although its MACD is presently below the signal line, shares remain above an upwards sloping 200-day moving average. Momentum for GOOGL is strongly bearish. The 14-period Slow Stochastic Oscillator is falling, as investors sell shares and drive the price lower. Today's volume is on track to be heavier than usual, with 56,758,200 shares having traded so far. The On Balance Volume indicator (OBV) is bullish. The slope of the indicator is positive and suggests that buyers are presently more active than sellers. As of 3:36 PM ET Wednesday, 01/31/2024
$GOOG Bears Hitting The Tape This Morning
By: Cheddar Flow | January 31, 2024
• $GOOG Bears Hitting The Tape This Morning
Most of the prints are longer-dated and call sells though, which increases the chances that they are closing positions after earnings.
Read Full Story »»»
DiscoverGold
Alphabet (GOOGL) Stock Dips After Ad Revenue Falls Short
By: Schaeffer's Investment Research | January 31, 2024
• Alphabet beat earnings and revenue expectations
• Options traders were quick to respond
Shares of Alphabet Inc (NASDAQ:GOOGL) are pulling back sharply after the Big Tech powerhouse and Google parent's fourth-quarter earnings report. Though the company turned in better-than-expected earnings and revenue, its advertising revenue disappointed Wall Street. Plus, Alphabet and Microsoft's (MSFT) artificial intelligence (AI) cost projections are weighing on tech today.
Falling further from its Jan. 29 all-time high of $153.51, GOOGL was last seen down 5.7% at $142.82. The stock seems to be getting a little support from a familiar floor at the $152 level. Still, today's drop puts a significant dip in a once healthy year-to-date gain, with the shares now up just 1.5% in 2024.
Options traders have been quick to the trigger. So far, 115,000 calls and 73,000 puts have crossed the tape, or five times the average intraday volume. The weekly 2/2 147-strike call is leading the pack, followed by the 140-strike put from the same series, with positions being bought to open at both.
Short-term options traders are likely cheering the dip, as they've been more put-biased than usual of late. This is per GOOGL's Schaeffer's put/call open interest ratio of 1.11, which stands in the 99th percentile of annual readings.
Read Full Story »»»
DiscoverGold
Alphabet $GOOGL Just Reported Earnings
By: Evan | January 30, 2024
• GOOGLE $GOOGL JUST REPORTED EARNINGS
EPS of $1.64 beating expectations of $1.60
Revenue Ex-TAC of $72.3 beating expectations of $70.1B
Total Revenue of $86.3 beating expectations of $85.3B
Read Full Story »»»
DiscoverGold
High Premium $GOOG & $NVDA Call Buys/Put Sells Hitting the Tape. These are aggressive and are being bought to open (Bullish)
By: Cheddar Flow | January 24, 2024
• High Premium $GOOG & $NVDA Call Buys/Put Sells Hitting the Tape
These are aggressive and are being bought to open (Bullish)
Read Full Story »»»
DiscoverGold
Alphabet (GOOGL) Layoffs Good for Investors
By: 24/7 Wall St. | January 23, 2024
One thing that helped mega tech company stocks recover from a dip over a year ago was layoffs. Some companies, including Meta Platforms Inc. (NASDAQ: META), cut well over 10,000 jobs. Alphabet Inc. (NASDAQ: GOOGL) did the same in more than one wave. With Wall Street’s concern about the high cost of some of its divisions, Alphabet has cut again.
Alphabet’s X Lab was created to identify and exploit technologies that had not been on the parent company’s radar. When it was formed almost 14 years ago, Google founders Larry Page and Sergey Brin said they founded X Lab to consider “far-out, sci-fi sounding technologies that could one day make the world a radically better place.” It looked at several hundred projects. Few, if any, matured into significant business opportunities.
Alphabet will go outside its walls to fund any projects X worked on that have promise. According to The Information, “X is looking to spin out more projects as independent companies after spinning a cybersecurity related project last year, an Alphabet spokesperson said.” Alphabet did not say how many people it let go, but it means more focus on the public corporation’s core businesses, both at Google and YouTube.
Investors had grown tired of expensive experiments across the big tech landscape. They did not like the multibillion-dollar investment Mark Zuckerberg’s Meta made in the Metaverse. They did not like Amazon’s aggressive move into consumer electronics. Alphabet also had pet projects like the Pixel smartphone. Why would Alphabet management believe it could compete with market leaders Samsung and Apple? (Apple could buy these 25 huge companies right now with cash.)
In the past year, Alphabet’s stock has gone from less than $100 per share to $147. One way to keep up that momentum is to show that management wants to stick to what it knows best. That is, and always has been, digital advertising, no matter what else the company has tried.
Read Full Story »»»
DiscoverGold
Since IPO, $GOOGL has had it's highest win rate in the month of January: 75% win rate and average return of +1.95%
By: TrendSpider | January 20, 2024
• Since IPO, $GOOGL has had it's highest win rate in the month of January:
75% win rate and average return of +1.95%
Read Full Story »»»
DiscoverGold
Alphabet $GOOGL broke the downtrend and ran to a new 52W high
By: Options Mike | January 15, 2024
• $GOOGL broke the downtrend and ran to a new 52W high.
Big tech stil strong, see if the 8D holds or play a range break.
Read Full Story »»»
DiscoverGold
GOOGL
ALPHABET INC. CLASS A
Filled
Buy 10 Limit $140.00 Day
$139.98 9:42 AM 01/17/2024
Google releases AI multisearch feature in US
By: Investing | January 17, 2024
(Reuters) - Google (NASDAQ:GOOGL) on Wednesday rolled out an AI-powered feature in the United States that will allow users to search with an image and text simultaneously using their mobile phones.
Users of smartphones such as Pixel 8, Pixel 8 Pro and the new Samsung Galaxy S24 series would be able to use multisearch with gestures without switching apps from Jan. 31, the Alphabet-owned company said at the Samsung Electronics (KS:005930) Unpacked event.
Mountain View, California-based Google makes most of its revenue from the online search market. It has been competing with Microsoft (NASDAQ:MSFT) for the past year over generative artificial intelligence (AI).
The company said the multisearch feature can be used with its lens camera icon in the Google app for Android & iOS.
Read Full Story »»»
DiscoverGold
Ha. Days range 140.51. Lol.
Day Order to Buy Shares at 140 filled. GLTA
Alphabet competitive, if not a leader in the development of genAI - Argus
By: Investing | January 12, 2024
The Alphabet (NASDAQ:GOOGL) price target was raised to $170 from $153 by Argus on Friday, with analysts maintaining a Buy rating on the stock.
Analysts see Alphabet as one of the tech industry's leaders, along with Facebook, Apple, Amazon, and Microsoft.
"These companies have come to dominate new developments in mobile, public cloud, and big data analytics, as well as emerging areas such as artificial intelligence, virtual/augmented reality, and even quantum computing," wrote the analysts.
Analysts also noted that the tech giant announced the release of Gemini, a new advanced AI model that the company touts as more powerful than the currently most advanced AI models.
While Alphabet has often been criticized as a Johnny-one-note for its dependence on digital advertising, the rapid growth of Google Cloud has begun to diversify the company's revenue," added the analysts. "Alphabet remains at a minimum competitive if not a leader in the development of generative AI, perhaps the new computing paradigm."
"We remain positive on Alphabet's underlying businesses and believe that GOOGL shares are attractively valued."
Read Full Story »»»
DiscoverGold
The customer wins here, and Google's move adds some pressure to Amazon and Microsoft to drop switching fees
By: Markets & Mayhem | January 11, 2024
The cloud wars are kicking off into their next phase ⛈️
— Markets & Mayhem (@Mayhem4Markets) January 11, 2024
The customer wins here, and Google's move adds some pressure to Amazon and Microsoft to drop switching fees pic.twitter.com/mMJnR1DFMl
The market dumped to let the Big Boys in at 121.00. Lets go
I disagree. He's not a pos. It's an RSU (or in Googles case they call them GSU's which is kinda cute ;), it vested, and it's part of a Rule 10b5-1 trading plan.
https://www.seedsafefinancial.com/google-rsus/
A filing always explains it.
So - Good for him!
https://www.sec.gov/Archives/edgar/data/1534753/000120919124000683/xslF345X05/doc4.xml
Explanation of Responses:
1. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $138.67 to $139.66, inclusive. The Reporting Person undertakes to provide to any security holder of Alphabet Inc. or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnotes (1) through (3) to this Form 4.
2. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $139.67 to $140.66, inclusive.
3. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $140.68 to $141.67, inclusive.
4. Class C GSUs entitle the Reporting Person to receive one share of Alphabet Inc. Class C capital stock for each share underlying the GSU as GSU vests. 1/12th of the GSU vested on March 25, 2023 and an additional 1/12th of the GSU will vest quarterly thereafter until the GSUs are fully vested, subject to continuing employment on the applicable vesting dates.
Remarks:
Transactions reported in this Form 4 were effected pursuant to a Rule 10b5-1 Trading Plan adopted by the Reporting Person on August 31, 2023.
Google $GOOGL CEO Sundar Pichai just filed for his sale of 22.5K shares of $GOOG stock worth $3.2 Million (Pre Tax)
By: Evan | January 4, 2024
• Google $GOOGL CEO Sundar Pichai just filed for his sale of 22.5K shares of $GOOG stock worth $3.2 Million (Pre Tax)
Pichai still holds Millions of shares of Google stock currently worth almost half a Billion dollars
Read Full Story »»»
DiscoverGold
Big Tech Stock to Target This Month
By: Schaeffer's Investment Research | January 3, 2024
• GOOGL is a safe bet to make in January
• Plus, 24 other stocks that are worth considering to start 2024
Even as the tech-heavy Nasdaq tumbles amid slightly higher interest rates, investors should consider adding Dow component Alphabet Inc (NASDAQ:GOOGL) to their portfolio to kick off the new year.
Digging deeper, seasonality suggests shares of the 'Magnificent Seven' member could jump this month, per data from Schaeffer's Senior Quantitative Analyst Rocky White. Shares of Google's parent company stand near the top of White's list of the best performing stocks on the S&P 500 stocks in January, going back 10 years. In fact, the security saw positive monthly returns during this time period seven out of ten times, boasting an 3.9% pop on average.
Just after the morning bell, GOOGL is down 0.9% to trade at $137.09, though it remains within a chip shot of its late-December, roughly 20-month highs above the $142 level. Plus, the shares are just off a more than 53% annual gain.
For those looking to place their bets on the blue-chip tech giant, options are affordable at the moment. This is per Alphabet stock's Schaeffer's Volatility Index (SVI) of 22% that ranks in the 8th annual percentile, which suggests options traders are pricing in lower-than-usual volatility expectations.
Read Full Story »»»
DiscoverGold
Alphabet $GOOGL - Broke out above the October high in December. The next target is the all time high at 151.55 and I expect it to reach the target by its next earnings date on February 1st. A good earnings report will likely lead to a new ATH.
By: CyclesFan | January 1, 2024
• $GOOGL - Broke out above the October high in December. The next target is the all time high at 151.55 and I expect it to reach the target by its next earnings date on February 1st. A good earnings report will likely lead to a new ATH.
Read Full Story »»»
DiscoverGold
Alphabet $GOOGL January happens to be one of the best performing months for Google since going public in 2004. 74% win rate and average return of +1.80%
By: TrendSpider | January 1, 2024
• January happens to be one of the best performing months for Google since going public in 2004. $GOOGL
74% win rate and average return of +1.80%
Read Full Story »»»
DiscoverGold
Company bought 60 billion in shares this year. This is gonna explode in 2 years
Alphabet $GOOGL Money flows show top hedge funds bought ~20M shares, doubled its inflows q/q vs sold 7.55M, decreased its outflows by 75% q/q, see HM500 Key Stats
By: HedgeMind | December 27, 2023
• $GOOGL is at a new 52Wk high, $142.68 intraday today!
Money flows show top hedge funds bought ~20M shares, doubled its inflows q/q vs sold 7.55M, decreased its outflows by 75% q/q, see HM500 Key Stats
20 new buyers reported holding 9.6M+ shares.
Top new buyers are:
Stephen Mandel, Lone Pine Capital
Gavin Baker, Atreides Mgmt
Jose Resnick, Jericho Capital
https://hedgemind.com/stocks/GOOGL
Read Full Story »»»
DiscoverGold
Wall Street dives into Alphabet's potential and pitfalls
By: Investing | December 26, 2023
Alphabet (NASDAQ:GOOGL) Inc. at the Forefront of Generative AI with Gemini Launch
Alphabet Inc., the parent company of Google, continues to push the boundaries of technological innovation. The company's latest development, a next-gen foundation model named Gemini, is set to revolutionize its core services, including Search, Ads, and Cloud. This analysis, fueled by recent reports from Citi Research and Stifel, aims to dissect Alphabet's strategic moves and the potential impacts on its market performance, competitive landscape, and future growth prospects.
Market Performance and Product Segments
Alphabet's stock (NASDAQ:GOOGL) remains a focal point for investors, with the company's market capitalization demonstrating its heavyweight status in the tech industry. The introduction of Gemini, Alphabet's multimodal AI model, is anticipated to initiate a product super cycle, enhancing the company's diverse portfolio. Google Search is expected to benefit from improved quality and reduced latency, while YouTube's growth is projected to accelerate. Google Cloud is poised to gain from the availability of Gemini Pro on its AI platforms, signaling potential for expansion in the cloud services sector.
Competitive Landscape and Market Trends
Despite the competitive pressure from rivals such as Microsoft (NASDAQ:MSFT) Azure, Alphabet's advancements in Generative AI (GenAI) through Gemini are expected to bolster its market position. Stifel's analysis suggests that Google's AI capabilities will maintain user engagement, countering the competitive threat narrative. Meanwhile, Alphabet's reorganization of its advertising sales arm, potentially leading to layoffs, is projected to save around $3 billion annually and drive operating efficiencies.
Customer Base and Management Strategy
Alphabet's vast customer base is set to grow further with the integration of Gemini across its services. The company's strategic focus on AI and search technology is evident in its commitment to product innovation and enterprise adoption. The reorganization within its advertising division reflects a push towards automation and cost management, aligning with the company's long-term growth strategies.
Potential Impacts of External Factors
While Alphabet has shown resilience in online advertising, external factors such as macroeconomic conditions and regulatory challenges continue to pose risks. The company's investments in GenAI, however, present emerging tailwinds that could drive profitability amidst these challenges.
Upcoming Product Launches
The launch of Gemini, with its versions Ultra, Pro, and Nano, marks a significant milestone for Alphabet. Set to be integrated across Google's core services, Gemini's multimodal capabilities are expected to lead to a surge in product innovation in 2024.
Stock Performance
Alphabet's stock performance has been bolstered by positive analyst sentiment. Citi Research maintains a Buy rating with a target price of $153, reflecting confidence in the company's growth trajectory, particularly with the introduction of Gemini. Stifel echoes this optimism, setting a target price of $154 based on Alphabet's durable core business and long-term growth opportunities.
Bear Case
The cloud computing segment's competitiveness remains a concern, but Alphabet's GenAI advancements through Gemini may mitigate this issue. Legal and regulatory risks persist, yet the company's proactive management strategy and cost-saving measures could help navigate these challenges.
Bull Case
Generative AI, with the launch of Gemini, is set to shape Alphabet's future significantly. The model's superior performance and integration across Alphabet's portfolio are expected to enhance offerings and drive long-term growth, reinforcing the company's dominance in various sectors.
SWOT Analysis
Strengths:
- Dominance in search and online advertising with the integration of Gemini.
- Significant investments in GenAI and product innovation.
- Diverse product portfolio with a broad and growing customer base.
Weaknesses:
- Cloud segment competitiveness, although mitigated by GenAI advancements.
- Legal and regulatory risks, with potential for strategic navigation.
- Reliance on advertising revenue in a volatile market, offset by cost-saving measures.
Opportunities:
- Expansion of AI capabilities across products and services with Gemini.
- Growth potential in cloud services and capturing transitioning TV ad spend.
- Streamlining operations and automation in advertising sales.
Threats:
- Intense competition in cloud and advertising, with a focus on maintaining AI leadership.
- Macroeconomic instability, with resilience in ad spend and operating efficiencies.
- Changes in consumer behavior and privacy regulations, with a proactive management response.
Analysts Targets
- Barclays Capital Inc. (BCI): Overweight with a price target of $180.00 (October 25, 2023).
- RBC Capital Markets: Outperform with a price target of $155.00 (October 25, 2023).
- KeyBanc: Overweight with a price target of $153.00 (October 25, 2023).
- JMP Securities: Market Outperform with a price target of $140.00 (October 25, 2023).
- Morgan Stanley: Not specified.
- J.P. Morgan: Overweight (October 18, 2023).
- Citi Research: Buy with a price target of $153.00 (December 08, 2023).
- Stifel: Buy with a price target of $154.00 (December 21, 2023).
- Wedbush: Outperform with a price target of $160.00 (November 16, 2023).
This analysis is based on reports from October to December 2023.
Read Full Story »»»
DiscoverGold
Alphabet $GOOG about to turn this volume shelf into a launch pad?
By: TrendSpider | December 21, 2023
• Google about to turn this volume shelf into a launch pad?
Read Full Story »»»
DiscoverGold
If I Could Only Buy 1 Stock in 2024, Alphabet (GOOGL) (GOOG) Would Be It
By: Barchart | December 21, 2023
If I were to choose a single stock for investment in 2024, Alphabet (GOOGL) (GOOG) would be at the top of my list. This company holds a prominent position in the technology industry, showcasing its involvement and leadership in various technological innovations. Serving as the parent company of Google and several subsidiaries, Alphabet dominates in search technology, online advertising, cloud computing, and mobile operating systems.
Alphabet also aggressively invests in emerging technologies, including artificial intelligence (AI), machine learning, and autonomous vehicles. These investments position Alphabet as a high-reward, long-term investment. With this backdrop, let’s delve deeper to understand why Alphabet is poised for long-term success.
However, before that, it’s imperative to stress the importance of a diversified investment approach. While Alphabet may present a compelling opportunity, investing solely in one stock carries inherent risks. Building and maintaining a diversified portfolio remains critical for risk reduction.
www.barchart.com
What Does Alphabet Do?
Alphabet owns a diverse range of businesses, with Google being the largest among them. The company categorizes Google’s operations into two main segments: Google Services and Google Cloud. Additionally, all non-Google businesses are collectively labeled as "Other Bets."
Within Google Services, the company’s key products and platforms, such as Search, YouTube, Android, Gmail, Chrome, ads, hardware, Google Maps, Google Drive, and Google Photos, have gained widespread global adoption. The segment primarily generates revenue via advertising. Beyond advertising, income is sourced from app and in-app purchases, hardware sales, and subscriptions to services like YouTube Premium.
As for Google Cloud, the company provides advanced technology solutions in areas such as cybersecurity, analytics, data management, AI, machine learning, and infrastructure. Additionally, it offers Google Workspace, featuring communication and collaboration tools like Gmail, Docs, Drive, Meet, and others.
Alphabet’s “Other Bets” include businesses that are in varying stages of development, ranging from those in the research and development phase to those at the initial stages of commercialization.
AI To Reaccelerate Alphabet’s Growth
Alphabet will likely see a significant reacceleration of revenue growth in the coming years, driven by its efforts to infuse AI into its core products, primarily Search, YouTube, and Cloud.
The predominant contributor to Alphabet's revenue is Google Search, constituting approximately 57% of total revenue in the first nine months of 2023. The infusion of generative AI capabilities into Search through the Search Generative Experience is expected to enhance competitiveness and uphold its leadership in the online advertising ecosystem. Moreover, Alphabet's AI-driven offerings, including Search and Performance Max, have garnered substantial interest from retailers, showcasing a solid return on investment. This trend suggests a growing demand for Alphabet’s AI-powered advertising solutions, leaving them well-poised to contribute to overall revenue growth.
Besides Search, the company is working on expanding its cloud platform by introducing new features and capabilities, with a strong focus on AI-driven functionalities. This strategic move is expected to draw more customers to its platform. Notably, Google Cloud revenue witnessed a significant 26% year-to-year increase in the first nine months of this year, driven by robust performances in its infrastructure and platform services. Further, Google pointed out that over 60% of the world’s 1,000 largest companies are already its customers.
Looking ahead, Google Cloud Platform and Workspace are poised to benefit from the integration of AI solutions, including advanced infrastructure and services such as Vertex AI and Duet. Moreover, Google recently unveiled Gemini, its highly anticipated next-generation large language model, which is set to support the company’s Search, Ads, Chrome, and Duet AI functionalities.
In summary, the company’s ability to leverage generative AI functionality across its key product lines, continued innovation, and growth in digital advertising is anticipated to accelerate its growth, thereby propelling its stock higher.
Returning Cash To Shareholders Could Act As A Catalyst
The tech giant also remains well-positioned to enhance its shareholders’ returns through ongoing share repurchases, which should act as a catalyst.
Alphabet generated a substantial free cash flow of $78 billion over the trailing 12 months. Additionally, by the end of the third quarter, the company held $120 billion in cash and marketable securities. Notably, Alphabet allocated $46.2 billion towards share repurchases in the first nine months of 2023.
Looking forward, Alphabet's robust balance sheet and cash flow provide a solid foundation to support its key growth initiatives, including acquisitions. This financial strength will also empower the company to return substantial cash to its shareholders through ongoing buyback programs.
Bottom Line
Alphabet dominates the search, digital advertising, and cloud businesses. The company is integrating AI into its core products, which bolsters its competitive edge and drives its market share. Moreover, Alphabet's robust balance sheet and cash flows establish a solid groundwork for ongoing expansion and the capacity to amplify returns for shareholders.
This is mirrored in analysts’ positive outlook on GOOGL. Out of the 37 analysts covering Alphabet stock, 29 have a “Strong Buy” recommendation, two analysts recommend “Moderate Buy,” and six have a “Hold.” Moreover, the average price target is $152.38, which implies about 8.6% upside potential from current levels.
www.barchart.com
Read Full Story »»»
DiscoverGold
GOOGL Stock Has Large Unusual Options Activity Today
By: Barchart | December 20, 2023
Alphabet Class A (GOOGL) stock is showing large unusual put option activity today based on a Barchart report. The puts are set to expire after Friday, which looks to be due to short-term trading activity.
The Barchart Unusual Stock Options Activity Report on Wednesday, Dec. 20, 2023, shows that over 26,400 contracts of $140 strike price puts expiring Dec. 22 have traded today. In addition, over 15,400 puts at the $139 strike price for the same expiry period have also traded.
GOOG stock trades for $140.60 per share, so these puts are only slightly out-of-the-money (OTM). If the stock were to decline just slightly to $140.00 or $139.00, i.e., by -0.43% or -1.13% respectively, the short-sellers of these puts will have to buy a large number of shares in GOOGL stock.
For example, the potential obligation of the $140 short-put sellers will be over $369.6 million (i.e., $140 x 26,200 contracts x 100). The traders would most likely cover their obligation in that case.
GOOGL Puts Expiring Dec. 22, 2023 - Unusual Stock Options Activity Report - Barchart - Wed., Dec. 20, 2023
Note that this volume of puts is significantly higher than normal. For example, the Vol/OI (i.e., Volume/Open Interest) column shows that the $140 puts are over 140x the prior number of outstanding put contracts. The $139 strike price puts are almost 100x normal.
As a result, these short-term trades are likely from large institutional accounts or hedge funds.
This could also be a situation where a long investor(s) is hedging their long position in GOOGL stock. They may have purchased a large number of put contracts for expiration on Friday. In both tranches, they are hoping that any decline in the stock will be offset by a rise in the price of the puts.
What can we glean from these trades? Let's look at the valuation issues relating to GOOGL stock and see where things stand.
Where Things Stand With Alphabet And GOOGL Stock
Like most tech stocks, GOOGL has risen a good deal in the past month. The chart below from Barchart shows that it is at a recent 6-month peak.
GOOGL stock - Barchart - Dec. 20, 2023
Fears of a reversal could be one more reason why institutional funds might want to buy puts to protect against any downside from here.
But from a valuation standpoint, Alphabet stock still looks relatively inexpensive.
For example, analysts surveyed by Seeking Alpha show that they expect $6.70 in earnings per share (EPS) next year, up over 16% forecast for 2023 (i.e., $5.77 EPS).
That puts GOOGL stock on a 2024 forward earnings multiple of just 20.8x. That is not expensive given that Morningstar reports that its 5-year forward P/E (price/earnings) multiple has been 25.13x.
In other words, based on that measure, GOOGL stock could be worth as much as $170 per share sometime in the next year. That implies it has a 21% upside over today's price.
FCF Looks Strong
Moreover, from a free cash flow (FCF) standpoint, the stock looks cheap. Alphabet is one of the few companies that publishes its FCF every quarter. On page 9 of its earnings release, the company stated that in Q3 it made $22.6 billion in FCF.
That FCF represents 32.7% of its quarterly revenue of $69.09 billion. In other words, almost one-third of all its revenue goes straight into its bank account with no obligations whatsoever.
Free cash flow is the remaining leftover or “free” cash flow after all cash expenses and spending such as capex and working capital changes. It's a measure of the company's profitability.
As a result, if we use analysts' projections of $340 billion in revenue next year, we can estimate that Alphabet will generate over $111 billion in FCF. We can use that to value the stock.
For example, using a 3.33% FCF yield, the stock would rise to have a $3,369 billion valuation. That assumes that all the $111 billion in FCF is paid out as a dividend and the stock market gives GOOGL stock a 3.33% dividend yield. So we divide $111b by 0.0333 and derive a target market cap of $3.369 trillion.
That is also the same as multiplying its FCF by 30 times (i.e., 1/0.03333 = 30). This is reasonable given that its long-term P/E multiple is 25x.
In other words, given that its market cap today is $1.72 trillion, we could see GOOGL stock rise by 96% over the next year.
The bottom line is that GOOGL stock is undervalued anywhere from 21% to 96%. So, on average it's possible the stock could be worth 58.5% more over the next year. That means that most shareholders in the stock should probably hang on, despite the stock's recent rise.
Read Full Story »»»
DiscoverGold
January happens to be the second best performing month for $GOOGL over the last decade. 80% win rate, average return of +4.47%
By: TrendSpider | December 20, 2023
• January happens to be the second best performing month for Google over the last decade. $GOOGL
80% win rate, average return of +4.47%.
Read Full Story »»»
DiscoverGold
Alphabet $GOOGL getting some Jan action
By: FLOWrensics | December 18, 2023
• $GOOGL getting some Jan action
Read Full Story »»»
DiscoverGold
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
Read Full Story »»»
DiscoverGold
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.
Read Full Story »»»
DiscoverGold
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.
Read Full Story »»»
DiscoverGold
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.
Read Full Story »»»
DiscoverGold
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.
Read Full Story »»»
DiscoverGold
She compressed the image, but I flashed her drive :)))
Followers
|
234
|
Posters
|
|
Posts (Today)
|
0
|
Posts (Total)
|
9984
|
Created
|
05/02/04
|
Type
|
Free
|
Moderators DiscoverGold |
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
Volume | |
Day Range: | |
Bid Price | |
Ask Price | |
Last Trade Time: |