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$GOOGL Range bound.103 support 109 resistance
By: Options Mike | May 7, 2023
• $GOOGL Range bound.
103 support 109 resistance.
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Alphabet Inc. (GOOGL) Shares Bought by Arjuna Capital
By: MarketBeat | May 4, 2023
• Arjuna Capital boosted its holdings in Alphabet Inc. (NASDAQ:GOOGL) by 2.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 127,545 shares of the information services provider's stock after buying an additional 3,427 shares during the period. Alphabet makes up about 5.2% of Arjuna Capital's investment portfolio, making the stock its 3rd biggest position. Arjuna Capital's holdings in Alphabet were worth $11,253,000 at the end of the most recent quarter...
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Advertising Revenue: Google $GOOGL vs Facebook $META vs Amazon $AMZN
By: Savvy Trader | May 1, 2023
• Advertising Revenue
Google $GOOGL vs Facebook $META vs Amazon $AMZN
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GOOGL Double Top Breakout today on 27-Apr-2023!
Had a day order to sell to take some profits at $105 just a day ago. It failed to pass. Lucky me.
GLTA
THIS DATA MINING SCAM CLOSED DOWN TODAY!!!!!!!!!!!
History of Google’s $GOOGL Q1 revenue
By: Savvy Trader | April 24, 2023
• History of Google’s $GOOGL Q1 revenue
2006: $2.3B
2007: $3.7B
2008: $5.2B
2009: $5.5B
2010: $6.8B
2011: $8.6B
2012: $10.6B
2013: $13B
2014: $15.4B
2015: $17.3B
2016: $20.3B
2017: $24.8B
2018: $31.1B
2019: $36.3B
2020: $41.2B
2021: $55.3B
2022: $68B
2023: Check back tomorrow
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Earnings Preview: Alphabet Inc. (NASDAQ: GOOGL)
By: 24/7 Wall St. | April 24, 2023
• Here are previews of five companies set to report results after markets close on Tuesday.
Alphabet
The parent of Google, Alphabet Inc. (NASDAQ: GOOGL), like many other tech giants, spent most of the first quarter recovering from the beatdowns it received in 2022. Alphabet has added about 19.5% to its share price so far in 2023, with most of that coming in the first quarter.
Now Alphabet is trying to recover from a misstep when it introduced its chatbot feature and defend its search business from upstarts like, say, Microsoft. The company has laid off thousands of employees as it tries to rein in costs ahead of an expected slowdown in advertising. Investors are also going to be listening for more specifics about Alphabet’s AI plans.
Analysts, however, remain strongly bullish on the stock. Of 52 ratings, 47 are Buy or Strong Buy, and the rest are Hold ratings. At a recent price of around $105.40 a share, the upside potential based on a median price target of $126.00 is 19.5%. At the high price target of $160.00, the upside potential is 51.8%.
First-quarter revenue is forecast at $68.83 billion, which would be down 9.5% sequentially but up 1.2% year over year. Adjusted earnings per share (EPS) are pegged at $1.07, up 2.1% sequentially and 13.0% lower year over year. For the full 2023 fiscal year, consensus estimates call for EPS of $5.07, up 11.2%, on revenue of $298.62 billion, up 5.6%.
Alphabet stock trades at 20.8 times expected 2023 EPS, 17.5 times estimated 2024 earnings of $6.05 and 14.7 times estimated 2025 earnings of $7.21 per share. The stock’s 52-week trading range is $83.34 to $125.40. The company does not pay a dividend, and the total shareholder return for the past 12 months is negative 15.55%.
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Google's $GOOGL stock performance each full year since going public
By: StockMKTNewz | April 23, 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*: +19.5% (So far)
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Shorting Google Puts Is Very Popular Ahead Of Its Earnings This Week
By: Barchart | April 22, 2023
Put option premiums for Alphabet (GOOG) stock are high ahead of its earnings release due out on April 25, after the market closes. This is attracting short sellers to out-of-the-money short put trades in GOOG stock in order to create profitable income plays.
Analysts expect to see earnings per share (EPS) of $1.07 for the quarter and revenue of $68.8 billion, according to Seeking Alpha. GOOG stock, trading at $105.91, has essentially been treading water since our last article on March 26, “Shorting Google Puts Is Popular As the Stock Remains Cheap.” The stock was at $106.06 then and has traded sideways, closing at $105.91 as of April 21.
I argued then that GOOG stock was cheap, trading at 21x forward earnings estimates for 2023 and 17.5x for 2024, well below its historical average of 25x. Part of the reason it is cheap is investors are worried about the challenge of artificial intelligence (AI) bots and competitors to its core search business. Investors will be looking to see if there are any potential chinks in the wall. This is despite the launch of Alphabet's own AI chatbox, Bard.
Moreover, analysts are also concerned about a dip in ad revenue, either from search or YouTube, or both. That affects cash flow. The fear is that Alphabet will report lower free cash flow and potentially lower buyback activity.
As a result, these fears are pushing up put premiums in the near term. That makes them attractive to investors who short near-term expiration out-of-the-money (OTM) puts for income.
Shorting OTM GOOG Puts
In my last article, I discussed shorting the $97.00 strike price put option that expires on April 28. This trade has worked well since the $97.00 strike price puts were trading at $1.89 per contract. But today, those same puts are now down to just 35 cents.
This is exactly what a short seller wants to see. For example, at the time the short put trade yielded almost 2.0% on a yield-to-strike basis (i.e., $1.89/$97.00). But even if we consider this as a dividend, i.e., divide the put premium by the stock price then. That means at the time the put provided a yield of 1.78% (i.e., $1.89/$106.06).
Now, with the puts having depreciated so much, over 82% from $1.89 to $0.35, that means the investor who shorted those puts has made most of the 1.78% yield foreseen at the time.
The investor can either decide to roll this trade over, by buying back the shorted put expiring on April 28 and then shorting a new put, or just enter a new trade. For example, the May 19 put option chain shows that the $95 strike price puts trade for 82 cents.
GOOG Puts - May 19 expiration - Barchart - As of April 21, 2023
This means that the investor who secures $9,500 in a brokerage account and enters in an order to “Sell to Open” 1 put option contract at $95.00, which is 10% below today's price of $105.91, will immediately receive $82 in the account. That works out to a yield-to-strike of 0.863%, or 10.4% if this could be repeated every month for a year.
Moreover, investors willing to take on more risk can short the $100 put options. After all, this strike price is extremely popular with over 11,000 contracts open at this price. As can be seen in the table above, the $100 puts are trading for $1.77. That means they provide a 1.77% yield-to-strike return, which is equivalent to a 21.2% annualized return if it can be repeated for 12 months.
The risk here is that this strike price is only 5.58% below the spot price of $105.91. GOOG stock could easily dip this much if earnings out on Tuesday are not as good as analysts expect. However, this may not be as bad as it might seem, since the breakeven price, after deducting the income received, is still just $98.23 per share (i.e., $100-$1.77). In other words, GOOG stock would have to drop by 7.25% from today's price.
The bottom line is that investors can expect to earn good income shorting out-of-the-money puts in GOOG stock. This is taking advantage of the high put premiums given the fears about how Alphabet's earnings will turn out.
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Alphabet Inc. (GOOGL) Given Consensus Recommendation of "Moderate Buy" by Brokerages
By: MarketBeat | April 21, 2023
• Alphabet Inc. (NASDAQ:GOOGL) has been assigned a consensus recommendation of "Moderate Buy" from the forty-five research firms that are covering the stock, MarketBeat.com reports. Four analysts have rated the stock with a hold recommendation, thirty-two have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $131.30...
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Alphabet loses $55 billion in market value after Samsung reportedly considers replacing Google with Bing in its phones.
I STOPPED USING GOOGLE YEARS AGO.....THESE DATA MINING CRIMINALS GET NOTHING FROM ME!!!!!!!!!!
$GOOG Google down -4% in premarket after reports that Samsung was considering replacing Google Search with Microsoft’s Bing AI as the default search engine on its devices.
By: TrendSpider | April 17, 2023
• $GOOG Google down -4% in premarket after reports that Samsung was considering replacing Google Search with Microsoft’s Bing AI as the default search engine on its devices.
$MSFT is up +1.80% on the news.
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Alphabet Inc. (GOOGL) Break of 109 and 112 possible. CEO on 60 Minutes tonight to talk AI..
By: Options Mike | April 16, 2023
• $GOOGL Break of 109 and 112 possible. CEO on 60 Minutes tonight to talk AI..
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GOOGL $1.0 Million Calls • Strike: 107 • Expiration: 4/21/23
By: Cheddar Flow | April 14, 2023
• $GOOGL $1M ITM Calls
Strike: 107
Expiration: 4/21/23
*Above the Ask*
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It’s up to PPT Plunge Protection Team how high GOOGL will go as they are 100% responsible for keeping the markets going up and up with the taxpayer money printers going brrrrr as all of QT yearly progress was wiped out in one day of saving insolvent banks that will fail anyways. Nothing trades anymore on fundamental value of company.
Either way the PPT has allowed the BIG PLAY stocks that run to tank early morning then they bring out the money printing presses to pump them up in the afternoon.
Cathie Wood & Ark Invest's Sells 1,000 Shares of Alphabet Inc. (GOOG)
By: Ark Invest Daily | April 10, 2023
• Cathie Wood and Ark Invest's trade activity from today 4/10.
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Alphabet Inc. (GOOGL) If it wants more 112 next big spot to watch, nice ramp off the 8D
By: Options Mike | April 8, 2023
• $GOOGL Monster move on Friday and finally hit the 108 target again.
If it wants more 112 next big spot to watch, nice ramp off the 8D.
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$GOOGL & $GOOG both seeing unusual OTM CALL flow for 04/14
By: FLOWrensics | April 6, 2023
• $GOOGL & $GOOG both seeing unusual OTM CALL flow for 04/14
$GOOGL $113 CALLS
$GOOG $115 CALLS
Def SPEC flow but a bit unusual for the name with 1 wk exp
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Google leading the charge higher today, now approaching the breakout level of this C&H setup!
By: TrendSpider | April 6, 2023
• $GOOG Google leading the charge higher today, now approaching the breakout level of this C&H setup!
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$GOOG Nice relative strength from Google this morning with price forming a potential C&H pattern
By: TrendSpider | April 4, 2023
• $GOOG Nice relative strength from Google this morning with price forming a potential C&H pattern.
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Google co-founder Sergey Brin, other billionaires subpoenaed over JPMorgan's Epstein ties
https://insiderpaper.com/google-co-founder-sergey-brin-subpoenaed-over-jpmorgan-epstein-ties/
Alphabet Inc. (GOOGL) Lagged last week, but nice pop on Friday. 108 remains my target here
By: Options Mike | April 2, 2023
• $GOOGL Lagged last week, but nice pop on Friday. 108 remains my target here.
Held the 21D and 200D.
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Alphabet (GOOGL) Trading At Bargain Prices?
By: Barchart | March 30, 2023
After this year’s rally in technology stocks pushed the valuations of most megacap stocks to excessive levels, shares of Alphabet (GOOGL) are an exception. Alphabet is the only one of the five biggest technology companies by market cap priced at a discount to the Nasdaq 100 Stock Index ($IUXX) (QQQ). In times of economic uncertainty, investors are flocking to megacap technology stocks with strong cash flows and favorable growth prospects.
Shares of Alphabet are up +13% this month, nearly twice the gain of the Nasdaq 100. This month’s rally is the largest monthly gain in Alphabet in almost two years and has added more than $140 billion of market value to the stock. Aptus Capital Advisors said, “of the mega caps, Alphabet is the only one that has growth above 10%, that has a valuation that’s palpable, and which has the opportunity for multiple expansion.”
Alphabet trades at about 17 times expected profit over the next 12 months, below the stock’s ten-year average of 20 and below the 24 times expected profit for the Nasdaq 100. Alphabet’s valuation makes it a potential bargain among megacap technology stocks. Apple (APPL), Microsoft (MSFT), and Nvidia (NVDA) all trade at premiums to their historical averages and to the Nasdaq 100’s valuation.
Last year, Alphabet sank -39% amid a pullback in spending on digital advertising and a broad selloff in technology stocks as interest rates soared after the Federal Reserve embarked on an aggressive rate-hiking campaign to combat inflation. However, in recent months analysts have been raising their revenue estimates for Alphabet for 2023, and revenue growth is now expected to rebound to 18% from 10% in 2022.
Alphabet’s initial foray into artificial intelligence (AI) temporarily weighed on the stock last month on concerns about the competency of Bard, Alphabet’s rival to ChatGPT. However, after granting access to the Bard chatbot, Bloomberg Intelligence said the release of Bard “could help allay fears the company is falling behind Microsoft-ChatAI’s ChatGPT in large language models.” Also, Winslow Capital said, “the AI story has only just started, and since Alphabet trades at a discount, it is harder to say that Microsoft or Apple have the same upside potential.”
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GOOGL $1.0 Million Call • Strike: 107 • Expiration: 4/21/23
By: Cheddar Flow | March 27, 2023
• $GOOGL $1.0M OTM Call -- Unusual
Strike: 107
Expiration: 4/21/23
*Above the Ask*
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Shorting Google Puts Is Popular As The Stock Remains Cheap
By: Barchart | March 26, 2023
Alphabet (GOOG, GOOGL) is up 18% since Feb. 28 as investors worried about AI chatbot competitors. Shorting GOOG stock puts to lower buy-in costs and to create income has done well and could do so going forward. Investors can lower their average cost and also generate near-term income based on shorting near-term out-of-the-money (OTM) put options.
For example, GOOG stock is now at $106.06 as of March 24 after closing on February 28 at $90.30. We had argued the stock was cheap in our previous article, “Alphabet Stock Has Tumbled But Short Put Income Plays Are Still Popular.”
After all, despite the decline in search ads, Alphabet's cloud revenue is growing quickly, leading to slightly higher revenue. Moreover, free cash flow (FCF) is strong at $16 billion for the quarter. In addition, the company is laying off 12,000 people, or about 6% of its workforce, as I noted in an earlier article when the results came out.
I argued in the Feb. 26 article that GOOG stock was cheap as it was well below the 25x historical average multiple. For example, Barchart's survey says 14 analysts have an average 2023 forecast of $5.12 earnings per share (EPS) and $6.17 for 2024. This leaves GOOG stock at 20.7x earnings for 2023 and 17.2x for 2024.
Where This Leaves Investors In GOOG Stock
As a result, investors who shorted puts as we suggested in the last 2 articles now have a long position in the stock that has an unrealized capital gain.
This is because the short put options were likely exercised at the $100 strike price for the March 3 put expiration, although their average cost was lower given the put income. However, they have also been able to short puts at $85 and other strike prices that expired March 10 as we wrote in our Feb 26 article. So the investor's position is now well below $100 with the stock at $106.06 per share today.
Shorting the $100 put strike price and lower strike prices continue to look interesting now that we are at the end of the quarter. As a result, Alphabet is likely to announce earnings by early May. That could lead to volatility in the stock, which raises its put premiums.
Shorting Puts Going Forward To Lower Costs And To Create Income
For example, the April 28 expiration put option chain shows that the $100 strike price puts trade at $2.04 per contract. This is 71% higher than the $1.19 price March 3 expiration for the same $100 strike price puts that we pointed out in our Feb 5 article.
That shows the higher implied volatility in these put premiums. Investors are worried about the upcoming results. What should we do?
One rule to follow is to always try to lower your average buying cost with OTM short puts. For example, the investor now likely has a $97 to $98 buying cost if they followed our past several articles.
Therefore it might make sense to sell short the $197 strike price puts for expiration on April 28. They trade for $1.89 per contract, and this will lower the investors buying cost further to $95 to $96. Moreover, the investor makes a good yield.
GOOG Puts - Expiring April 28 - As of March 24, 2023 - Barchart
For example, assuming the investor has cash and/or margin of $9,700 in their account, they can enter in an order to “Sell to open" one put contract at the $97.00 strike price. That will immediately bring in $189 to the account. This works out to a yield of 1.95% (i.e., $189/$9700). Moreover, this put strike price is 8.5% below today's spot price of $106.06 and provides better downside protection than the $100 put strike price in terms of potentially getting exercised.
As a result, over the past several months investors following our articles on GOOG stock have been able to take advantage of the volatility in the GOOG stock price by shorting puts. In the process, they have created income and lowered their overall buying cost.
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$GOOG Weekly breakout for Google + first bullish 8/21 EMA cross since May of 2020!
By: TrendSpider | March 26, 2023
• $GOOG Weekly breakout for Google + first bullish 8/21 EMA cross since May of 2020!
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Alphabet Inc. (GOOGL) 108 has been my target, dip and hold of the 8D would be great
By: Options Mike | March 26, 2023
• $GOOGL another of THE names they want, 108 has been my target, dip and hold of the 8D would be great.
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North Star Asset Management Inc. Has $7.99 Million Stock Holdings in Alphabet Inc. (GOOGL)
By: MarketBeat | March 23, 2023
• North Star Asset Management Inc. lifted its position in shares of Alphabet Inc. (NASDAQ:GOOGL) by 2.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 90,576 shares of the information services provider's stock after purchasing an additional 1,876 shares during the period. North Star Asset Management Inc.'s holdings in Alphabet were worth $7,992,000 at the end of the most recent quarter...
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$GOOG Inside bar today for Google but held the wedge breakout...
By: TrendSpider | March 23, 2023
• $GOOG Inside bar today for Google but held the wedge breakout...
A move above yesterday's high seems like a good trigger for more upside
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CWA Asset Management Group LLC Has $2.82 Million Stock Position in Alphabet Inc. (GOOGL)
By: MarketBeat | March 19, 2023
• CWA Asset Management Group LLC grew its position in Alphabet Inc. (NASDAQ:GOOGL) by 8.7% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 31,985 shares of the information services provider's stock after buying an additional 2,550 shares during the period. CWA Asset Management Group LLC's holdings in Alphabet were worth $2,822,000 at the end of the most recent reporting period...
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$GOOG Balloon breakout for Google yesterday, let's see if bulls keep the momentum rolling today
By: TrendSpider | March 22, 2023
• $GOOG Balloon breakout for Google yesterday, let's see if bulls keep the momentum rolling today.
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$GOOGL SIZE & TIME in to the 03/15/24 $120 CALLS $2 mil premium
By: Money Flow Mel | March 21, 2023
• $GOOGL SIZE & TIME in to the 03/15/24 $120 CALLS
$2 mil premium
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JUST IN: Google CEO Sundar Pichai sent this email to all Google employees today about their progress in AI - CNBC
By: StockMKTNewz | March 21, 2023
• JUST IN:
Google $GOOGL CEO Sundar Pichai sent this email to all Google employees today about their progress in AI - CNBC
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$GOOG Google on breakout watch heading into next week as price tests trendzone resistance from all time highs.
By: TrendSpider | March 18, 2023
• $GOOG Google on breakout watch heading into next week as price tests trendzone resistance from all time highs.
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$GOOGL 1.69 million share at $96.11 #darkpool print
By: Money Flow Mel | March 15, 2023
• $GOOGL 1.69 million share #darkpool print at $96.11
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Google $GOOGL just filed for its purchase of 639,207 shares of Gitlab $GTLB at an average price of $29.71 per share
By: StockMKTNewz | March 15, 2023
• Google $GOOGL just filed for its purchase of 639,207 shares of Gitlab $GTLB at an average price of $29.71 per share
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GOOGL $1.2 Million Call • Strike: 95 • Expiration: 4/21/23
By: Cheddar Flow | March 15, 2023
• $GOOGL $1.2M Call
Strike: 95
Expiration: 4/21/23
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GOOGL $1.4 Million Call • Strike: 90 • Expiration: 4/21/23
By: Cheddar Flow | March 15, 2023
• $GOOGL $1.4M Call
Strike: 90
Expiration: 4/21/23
*Above the Ask*
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$GOOGL Millions worth of ITM Calls
By: Cheddar Flow | March 14, 2023
• $GOOGL Millions worth of ITM Calls
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No sign of Google search share loss despite ChatGPT growth - BofA
By: Investing.com | March 13, 2023
BofA's Justin Post told investors on Monday that Alphabet (NASDAQ:GOOGL) Inc Class C (NASDAQ:GOOG)CFO Ruth Porat's recent commentary on AI suggests "products are coming and costs are manageable."
The analyst, who has a Buy rating and $125 price target on Alphabet, added that there are no signs of Google search share loss despite ChatGPT's growth.
"Recent daily traffic data indicates that ChatGPT growth continues, but w/w trends are moderating with recent daily Web visitor high of 48.5mn up only 100k w/w," wrote Post. "Bing downloads have been elevated since Microsoft (NASDAQ:MSFT)'s OpenAI announcement on Feb. 7th, but w/w downloads have declined over the past two weeks. Data also suggests Bing activity is not impacting Google Web traffic or search download activity, which has been stable since November."
Citing data from Statcounter, Post said Google's February market share "actually increased 50bps m/m to 93.4%," and they expect little to no impact from the ChatGPT ramp on Google search revenues in the first quarter.
"Google CFO Ruth Porat spoke at a broker conference last week and provided some higher-level AI commentary that we viewed as constructive given concerns on: 1) Google readiness for AI search transition, 2) potential share loss in search, and 3) potential for significant AI-related cost ramp. As for AI readiness, Ms. Porat indicated that Google is building on a decade of "extraordinary" AI work and will be launching a number of LLM-based products in the next weeks and months," the analyst continued.
"We continue to see strong data and technology advantages for Google and see potential for stable search metrics and LLM-based product releases over the next few months."
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GOOG Coming in for another test of wedge support off the 2022 lows...
By: TrendSpider | March 12, 2023
• $GOOG Coming in for another test of wedge support off the 2022 lows...
Will sellers slice through this time around?
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Alphabet Inc. (GOOGL) Spent 4 days trying to push over 95 before rolling over
By: Options Mike | March 12, 2023
• $GOOGL Spent 4 days trying to push over 95 before rolling over.
88 area support.
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Google 'remains the clear leader in search' - TD Cowen
By: Investing.com | March 10, 2023
In a note to clients Friday, TD Cowen analysts told investors in a research note that in a survey it conducted, Alphabet's (NASDAQ:GOOGL) Google search engine "remains the clear leader in search."
The analysts revealed that 89% of respondents used Google in February, with 36% aware of ChatGPT, which launched in November, while 8% used ChatGPT in February.
"In our proprietary monthly survey of 2,500 U.S. consumers, we asked our respondents which search engines they had used in the past 30 days. Unsurprisingly, Google Search was the clear leader, with 89% of respondents indicating they used Google Search in Feb '23, Yahoo was a distant second (27%), followed by Bing (19%)," the analysts wrote.
TD Cowen found that around 70% of respondents who have used ChatGPT indicated the platform or another similar AI-powered chatbot could replace their usage of traditional search engines.
"While the high % of respondents suggested chatbots could replace trad'l search, in our view, it is highly unlikely that AI-based chatbots would replace search engines for all types of queries," they said.
"We view this as potentially likely for perhaps 5-10% of total search queries."
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Updated Trader's Cheat Sheet for Alphabet $GOOGL
By: Barchart | March 9, 2023
• Updated Trader's Cheat Sheet for Alphabet $GOOGL.
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Google $GOOGL co-founders Larry Page and Sergey Brin have gotten more involved in the company than they’ve been in years
By: StockMKTNewz | March 8, 2023
• Google $GOOGL co-founders Larry Page and Sergey Brin have gotten more involved in the company than they’ve been in years, with Brin even submitting code changes to Google’s ChatGPT competitor Bard - Bloomberg.
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Alphabet Inc. (GOOGL) Laggard, back at the 21/50D here. If market is strong will move with it
By: Options Mike | March 4, 2023
• $GOOGL Laggard, back at the 21/50D here.
If market is strong will move with it, but not a leader here.
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Alphabet likely rangebound until digital ad market re-accelerates - Barclays
By: Investing.com | March 3, 2023
Barclays analysts said in a research note Friday that Alphabet (NASDAQ:GOOGL) shares are likely to be rangebound until the digital ad market re-accelerates and competition and margin fears abate later in the second half of 2023.
The analysts, who have an Overweight rating and a $160 price target on the stock, explained that despite being years ahead in AI, "GOOGL shares face new risks from two vectors: 1) higher inference costs from AI-assisted search results, and 2) potential query share loss to ChatGPT, Apple (NASDAQ:AAPL), Bing & other."
They stated that one of the firm's biggest concerns is that if most of the zero-click searches today transition to AI-assisted results, GOOGL could see a material hit to operating income.
In addition, they pointed to the fact that if Apple were to upgrade Siri to incorporate some of the new AI technologies — which, in their opinion, is very likely — or the EU/DoJ scrutinize the Google-Apple TAC agreement to the point that it pushes Apple into paid search, they think as much as 20% of iOS query share is at risk.
Finally, the analysts said that while it seems a long shot, Microsoft's (NASDAQ:MSFT) "aggressive push of the new Bing in desktop could claw away a few points of query share in that channel."
"We think GOOGL is in a new era. One where the buyside can't simply 'set it and forget it' with a 5% position. Investors are going to have to pay very close attention to not only the changing technology backdrop with AI but how the relationships between Google and its partners evolve as a result of these changes," they argued.
Even so, Barclays remains bullish on the stock due to the potential ad market recovery and "several quarters of upside starting in 2H23."
"When that phase comes back to the forefront, we think GOOGL shares can re-rate higher, and we want to be there for that."
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$GOOG Google trying to find a bounce off wedge support as MACD curls upward
By: TrendSpider | March 3, 2023
• $GOOG Google trying to find a bounce off wedge support as MACD curls upward.
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DiscoverGold
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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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