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$GOOGL $3.5 Million+ Longer-Dated Call Sweeps
By: Cheddar Flow | May 22, 2023
• $GOOGL $3.5M+ Longer-Dated Call Sweeps
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GOOG In the short term it's likely to fill the gap around 118. In the intermediate term it may keep moving higher until the 2nd half of July
By: CyclesFan | May 21, 2023
• $Goog - Broke out above the August 2022 high but with a weekly gap and the weekly candle totally out of the upper Bollinger band. In the short term it's likely to fill the gap around 118. In the intermediate term it may keep moving higher until the 2nd half of July.
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Baker Ellis Asset Management LLC Raises Stake in Alphabet Inc. (GOOGL)
By: MarketBeat | May 19, 2023
• Baker Ellis Asset Management LLC raised its stake in Alphabet Inc. (NASDAQ:GOOGL) by 12.4% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 25,549 shares of the information services provider's stock after buying an additional 2,825 shares during the quarter. Baker Ellis Asset Management LLC's holdings in Alphabet were worth $2,254,000 at the end of the most recent quarter...
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$GOOG Google wicked off the golden fib retracement level from ATHs following a +16% run in two weeks...
By: TrendSpider | May 20, 2023
• $GOOG Google wicked off the golden fib retracement level from ATHs following a +16% run in two weeks...
A pullback may be warranted.
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$GOOG Insiders at Google continue to sell shares into strength this week...
By: TrendSpider | May 19, 2023
• $GOOG Insiders at Google continue to sell shares into strength this week...
They have now sold over $36,000,000 in May alone.
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* * * http://openinsider.com/search?q=GOOG
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GOOG $1.5 Million OTM Call Sweeps
By: Cheddar Flow | May 19, 2023
• $GOOG $1.5M OTM Call Sweeps
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$GOOG Exhaustion candle into this $125 area so far today with price well extended above its 200 day SMA
By: TrendSpider | May 19, 2023
• $GOOG Exhaustion candle into this $125 area so far today with price well extended above its 200 day SMA.
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Alphabet $GOOG approaching a major inflection point in this $125 area with daily RSI at its highest level in nearly two years.
By: TrendSpider | May 18, 2023
• $GOOG Google approaching a major inflection point in this $125 area with daily RSI at its highest level in nearly two years.
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~sold for .79c :)
As Alphabet flexes its AI prowess, there's a 'new elephant in the room' for Google
By: Emily Bary | May 17, 2023
Forget external competition: Google risks challenging its own moneymaker as it delves deeper into AI, one analyst says
A few months back, some on Wall Street were worried that Microsoft Corp.'s artificial-intelligence advancements would help the company eat into Alphabet Inc.'s dominant Google search business.
Those concerns may be soon fading, as "the investment community has rightfully determined that Google is in good shape around AI," Barclays analyst Ross Sandler wrote in a note to clients Wednesday. But the search giant still faces other challenges as generative AI, the type of artificial intelligence popularized by ChatGPT, becomes more prominent.
The "new elephant in the room," in Sandler's view, is whether Alphabet's (GOOGL)(GOOGL) own efforts with AI end up hurting its big moneymaker, at least in the short term. The concern is that as Google integrates generative AI into its search business, people might start to get more information that way, rather than clicking through to revenue-generating sources like sponsored listings.
"It's fairly well documented that the top position on legacy SERPs [search engine results pages] gets the lion's share of the clicks, anywhere from 2% to 39% depending on whether the first link is an ad or an organic result," Sandler wrote.
"So the obvious problem" for Google is that mobile and desktop search engines powered by generative AI "are a complete departure" from the typical look of search, he continued. "Not only is the percentage of screen real estate dedicated to ads much lower, the entire layout and flow of the SERP appears to be changing in many cases."
He gave an example of a mobile search for house plants that's dominated by ads in its traditional form but devoid of any ads above the fold in the demo generative-AI search layout.
"The point being that any movement of commercial query share toward less commercial share using GenAI, would have air-pocket impacts," Sandler wrote. "This speaks to just how good a business model traditional search really is -- in many cases, the ads are just as relevant if not more relevant than the organic results."
On the bright side, Google has a history of finding new ways to monetize search, and Sandler thinks it's possible that more relevant AI-driven answers could ultimately help click-through rates for top positions on the page.
"An auction with a winner of one could actually monetize at or above the traditional 10-blue-link SERP," he wrote. "But this is going to be a big unknown for the foreseeable future."
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~bought the GOOGL 5/26 $125 calls @.50c today
Alphabet $GOOGL market cap jumps above $1.5 Trillion for the first time since May 4, 2022
By: Barchart | May 16, 2023
• Alphabet $GOOGL market cap jumps above $1.5 Trillion for the first time since May 4, 2022.
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GOOG $1.2 Million+ Calls • Strike: 115/120 • Expiration: 11/17/23
By: Cheddar Flow | May 16, 2023
• $GOOG $1.2M+ Calls
Strikes: 115/120
Expiration: 11/17/23
*At the Ask*
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Dan Loeb's Third Point Capital established a new position in Alphabet $GOOGL of 4.75 million shares during the first quarter
By: Barchart | May 15, 2023
• Dan Loeb's Third Point Capital established a new position in Alphabet $GOOGL of 4.75 million shares during the first quarter
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Pershing Square unveils new stake in Alphabet
By: Investing.com | May 15, 2023
(Reuters) - Billionaire investor William Ackman has built a new stake in Alphabet (NASDAQ:GOOGL) worth $1.1 billion, according to a regulatory filing on Monday.
According to the filing, Ackman's hedge fund Pershing Square Capital Management owned 8.1 million class C shares and 2.2 million shares class A of Alphabet at the end of the first quarter.
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Alphabet $GOOG Monster breakout this week with price back above ATH aVWAP for the first time in over a year!
By: TrendSpider | May 12, 2023
• $GOOG Monster breakout this week with price back above ATH aVWAP for the first time in over a year!
Significant drop-off in volume above $120
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$GOOG *SIZE* Bullish Risk Reversal
By: FLOWrensics | May 12, 2023
• $GOOG SIZE Bullish Risk Reversal
OPENING the 07/21 $120 CALLS
WRITING the 07/21 $120 PUTS.
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Alphabet $GOOGL Repeat sweepers & now seeing size in to the 05/19/23 $119 CALLS
By: FLOWrensics | May 12, 2023
• $GOOGL Repeat sweepers & now seeing size in to the 05/19/23 $119 CALLS.
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$GOOGL PUT WRITING in the 06/30 $116 PUTS at the BID ~ 5K contracts/$1.91 mil premium
By: FLOWrensics | May 12, 2023
• $GOOGL PUT WRITING in the 06/30 $116 PUTS at the BID ~ 5K contracts/$1.91 mil premium.
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GOOG ~$1 Million Put • Strike: 100 • Expiration: 8/18/23
By: Cheddar Flow | May 11, 2023
• $GOOG ~$1M OTM Put
Strike: 100
Expiration: 8/18/23
*Above the Ask*
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Up 32% In 2023, Will Alphabet’s (GOOGL) Stock Continue To Outperform?
By: Barchart | May 11, 2023
After trailing the broader markets by a wide margin in 2022, big-tech companies such as Alphabet (GOOGL) have staged an impressive comeback year-to-date. While the S&P 500 ($SPX) (SPY) index is up 7.12%, Alphabet stock has gained more than 32% in 2023. The current market cap of Alphabet is a staggering $1.49 trillion.
However, GOOGL stock is still down about 21% from all-time highs set in October 2021. Let’s see if Alphabet can continue to outpace the broader markets going forward.
www.barchart.com
The Bull Case For Alphabet
In Q1 of 2023, Alphabet reported sales of $69.8 billion, an increase of 3% year over year. A significant portion of this growth was powered by Google Cloud revenue that surged 28% to $7.5 billion. Moreover, Alphabet confirmed its cloud business is now profitable after the segment posted a cumulative $6 billion loss in the last two years. Google Cloud will also be a key driver of the company’s bottom line over time, given that Amazon’s (AMZN) Web Services reports an operating margin of around 30%.
Alphabet is the largest digital ad platform in the world, and its ad sales stood at $54.5 billion in the March quarter, accounting for 78% of total revenue. While ad sales were flat year over year due to lower enterprise spending, growth should accelerate once the macro environment improves.
Google is the undisputed leader in online search providing the company with an enviable competitive moat. Yes, it is trailing Open AI and Microsoft (MSFT) in the artificial intelligence race, but Alphabet recently released Bard, a proprietary AI-powered chatbot.
The launch of Bard was lukewarm and disappointing, to say the least; however, the tech heavyweight has enough resources and capabilities to gain traction in this rapidly expanding market. During its I/O developers conference earlier this week, Alphabet CEO Sundar Pichai showcased a slew of new products and services with a primary focus on AI. Similar to Microsoft’s Bing, Alphabet will also integrate Bard with Google Search.
Armed with decades of consumer search data, Google Search and Bard should continue to thrive despite competition from Bing and Open AI’s ChatGPT. Alphabet also announced a partnership with Character AI, a company that is building AI chatbots by leveraging the AI tools of Google Cloud.
Alphabet's YouTube, which is one of the largest streaming platforms globally, reported revenue of $6.7 billion in Q1, a decline of 2.6% compared to the year-ago period. In case recession fears are true, investors can expect a few more months of tepid enterprise ad spending.
However, the cord-cutting phenomenon is bound to accelerate globally, where users continue to consume content online instead of on traditional Pay TV and cable channels. A report from market research firm Nielsen stated that YouTube accounts for almost 7.8% of the total viewing time in the United States, which is higher than Netflix (NFLX) at 7.3%.
YouTube introduced Shorts to fight off competition from TikTok and Instagram Reels. It crossed 50 billion daily views in Q4 of 2022, up from 30 billion in the March quarter of 2022. YouTube is well poised to benefit from multiple secular trends, which should positively impact its ad sales in the future.
The Bear Case For Alphabet
Microsoft has a sizeable stake in Open AI, the company which is leading the AI race right now. So, Alphabet might find it difficult to compete with another tech behemoth exposing its search engine to multiple threats.
In case the macro economy remains sluggish for an extended period of time due to quantitative tightening measures and elevated inflation rates, there is a good chance for Alphabet to experience another year of decelerating growth in revenue and profit margins.
Additionally, 40% of the GenZ populace use social media platforms such as TikTok and Instagram for search instead of Google. TikTok is the fastest-growing social media application and is forecast to snag a 37% market share in the online ad space by 2027, which is exceptional. This disruptive trend may eat into Alphabet’s ad revenue, slowing its growth drastically.
www.barchart.com
The Final Takeaway
Analysts tracking Alphabet stock expect its revenue to grow by 6.2% to $300.3 billion in 2023 and by 11.3% to $334.2 billion in 2024. Its adjusted earnings are forecast to expand from $4.56 per share in 2022 to $6.25 per share in 2024. So, GOOGL stock is priced at 4.06x forward sales and 18.9x forward earnings, which is not too steep for a growth stock.
I believe Alphabet’s widening portfolio of AI products, expanding profit margins, and reasonable valuation make it a top pick for long-term investors.
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GOOGL $3.0 Million Call • Strike: 120 • Expiration: 6/16/23
By: Cheddar Flow | May 11, 2023
• $GOOGL $3.0M OTM Call
Strike: 120
Expiration: 6/16/23
*At the Ask*
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GOOGL has a 40% win rate in June over the last decade, with an average return of -1.07%
By: TrendSpider | May 11, 2023
• $GOOGL Sell the rip in May and go away?
Google has a 40% win rate in June over the last decade, with an average return of -1.07%.
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GOOGL $8 Million+ Puts Sweepers • Strike: 120 • Expiration: 7/21/23
By: Cheddar Flow | May 11, 2023
• $GOOGL $8M+ Put Sweepers
Strike: 120
Expiration: 7/21/23
*At the Ask*
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Thanks to the corporate event today??
??Google shares just jumped nearly 5% today because of this...
"We are reimagining all of our core products, including search," Sundar Pichai, Alphabet's CEO, just stated after he took the stage at the event.
??More: https://wealthyvc.com/business-news/googles-shocking-ai-reveal-set-to-rattle-microsoft-insider-scoop-on-cutting-edge-ai-innovations/
GOOGL Opening sweeper in to 08/18 $115 CALLS ~ $2.15 mil premium/4K contracts
By: FLOWrensics | May 10, 2023
• $GOOGL Opening sweeper in to 08/18 $115 CALLS ~ $2.15 mil premium/4K contracts.
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Google leading the AI assistant race, according to Morgan Stanley
By: Investing.com | May 10, 2023
Morgan Stanley analysts said in a note Wednesday assessing the AI race between Alphabet's (NASDAQ:GOOGL) Google, Apple (NASDAQ:AAPL), Amazon (NASDAQ:AMZN), and Meta Platforms Inc (NASDAQ:META) that "AI-based assistants seem to be the way."
The analysts stated they see "transformer models and large language models (LLMs) leading to the development of next Gen AI assistants with increased personalization, incremental use cases," and higher consumer utility.
Google is leading, according to the analysts, with its ~3 billion install base of users offering "significant reach advantages."
"GOOGL's data is also a key differentiator as the amount of data generated from the Android ecosystem, Chrome, Search, YouTube, Google Maps, and productivity tools like Gmail is industry-leading. GOOGL also has existing partner/developer relationships through its AI developer tools that we expect to further its data-set and reach over time," the analysts wrote.
The analysts stated that Amazon has an install base of 400 million smart devices, but they "think it is a step behind best-of-breed hardware players like GOOGL/AAPL."
"We would argue that the active daily user base gap is even larger," the analysts added.
While Morgan Stanley feels Apple is positioned to deliver a broad-based personal AI assistant, they note that its AI model capabilities are less clear.
"We estimate that nearly all of Apple's 2B device installed base (1.2bn iPhones) is Siri compatible," they stated. "While reports have indicated Siri's design makes it difficult to add new features and search tools, we believe Apple could be uniquely positioned to combine LLMs with Siri, given the company's focus on privacy."
Finally, the analysts said Meta's user reach, data, and AI expertise could offset its hardware disadvantages.
"While META does not have a large hardware installed base, its reach is underscored by 3bn Daily Active People across its family of apps. While this is somewhat of a weaker strategic position to be in than AAPL, GOOGL, and AMZN, who own the physical touch points, it doesn't mean META won't have success with LLM-based assistants," explained the analysts. "META has a significant data advantage given the size of its user base and usage/frequency."
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Alphabet Stock (GOOGL) Is Gaining Momentum: Will It Soar or Sink?
By: Jayanthi Gopalakrishnan | May 9, 2023
Running scans as part of your daily trading routine can reveal surprising trading candidates. Alphabet, Inc. stock is well-loved among investors and a massive component of the S&P 500 index. But GOOGL has struggled. Will it break through a critical resistance level?
After running a scan identifying large-cap stocks, using a StockCharts Technical Ranking (SCTR) score crossing above 76 as a criterion, one of the names that appeared in the results was Alphabet, Inc. (GOOGL). Let's take a closer look at the chart of GOOGL (see chart below).
CHART 1: WILL GOOGL BREAK ABOVE $108 AND MOVE HIGHER? That remains to be seen, but the stock is showing strength, which could work in its favor.
Chart source: StockCharts.com. For educational purposes only.
After falling to a low in early November 2022, the stock has struggled to resume its uptrend. It's been trading pretty much sideways since then, having a tough time breaking above the $108 level (blue-dashed line). Every time GOOGL went above $108, it quickly went lower. Will its +108 last more than a day this time?
Zeroing In: Daily Price Action
If you look at the last few times the stock price hit the $108 level, the SCTR level was below 76, except on March 23, when price didn't quite reach the $108 level. A cross above the 76 SCYR level indicates the stock is gaining strength and, if it crosses above 78 and 80, that's an indication of a continuation of the strength. When the scan was run, the SCTR for the stock crossed above 80, although it pulled back a bit during the trading day. It's still above 76, though.
Another point to note during previous $108 breaches: GOOGL's relative performance against the S&P 500 index ($SPX) was lagging. It still is, but this time, there's a sort of triangle pattern forming (see lower chart panel). If GOOGL's relative strength with respect to the S&P 500 continues to increase, the stock could get closer to its next resistance level.
A Weekly Perspective
If you look at the weekly chart, the next resistance level could be the 100-week moving average, or $118.64 (green dashed line). A follow-through from that level could take the stock as high as its November 2021 high.
CHART 2: WEEKLY CHART OF GOOGL. The stock could trade up toward its 100-week moving average or it could fall towards the bottom of its most recent trading range or to its 50-week moving average.
Chart source: StockCharts.com. For educational purposes only.
A reversal in the SCTR score and underperformance against the S&P 500 index could send the stock lower, either towards the bottom of its most recent trading range at around $104 or to its 50-week moving average.
How to Trade GOOGL
• If the stock price stays above $108 for more than a day and there's upside follow-through, the SCTR score stays above the 70 level, and the stock's performance against the benchmark S&P 500 continues to strengthen, this stock has the potential to move higher. If these conditions are met, you could set an entry point slightly above $108.
• On the flip side, if price slides back below $108, the SCTR score crosses below 70, and relative strength falters, GOOGL could resume its sideways choppiness. If losing $4.00 on the trade is acceptable, you could place a stop-loss at the $104 level, the bottom of the stock's most recent trading range. Or you could place a stop at or just below the 50-week moving average (red line).
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Tech insiders have been selling aggressively
$XLK insider buy/sell ratio is at a level seen before significant market declines:
- 2015
- 2018
- 2020
Tech insiders have been selling aggressively$XLK insider buy/sell ratio is at a level seen before significant market declines:??- 2015?- 2018?- 2020 pic.twitter.com/rpW3bIey0m
— Game of Trades (@GameofTrades_) May 8, 2023
$GOOG $1.1 Million Put • Strike: 100 • Expiration: 8/18/23
By: Cheddar Flow | May 9, 2023
• $GOOG $1.1M OTM Put
Strike: 100
Expiration: 8/18/23
*At the Ask*
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$GOOGL Breaking out of consolidation with repeat sweepers coming in to the 05/12 $111 CALLS
By: FLOWrensics | May 9, 2023
• $GOOGL Breaking out of consolidation with repeat sweepers coming in to the 05/12 $111 CALLS.
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Alphabet Inc. (GOOG) Ascending triangle setting up against multi-month resistance at $110 - Worth a watch this week!
By: TrendSpider | May 7, 2023
• $GOOG Ascending triangle setting up against multi-month resistance at $110 - Worth a watch this week!
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Alphabet Inc. (GOOGL) Insiders bought nearly $20,000,000 in shares this week following Q1 earnings report
By: TrendSpider | May 7, 2023
• $GOOGL Google insiders bought nearly $20,000,000 in shares this week following Q1 earnings report.
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$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.
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