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Alphabet Inc. $GOOGLE Just Reported Earnings
By: Evan | July 25, 2023
• GOOGLE $GOOGL JUST REPORTED EARNINGS
EPS of $1.44 beating expectations of $1.32
Revenue of $74.6B beating expectations of $72.8B
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History of Google's $GOOGL Q2 Net Income
By: Evan | July 25, 2023
• History of Google's $GOOGL Q2 Net Income
2009: $1.5B
2010: $1.8B
2011: $2.5B
2012: 2.8B
2013: $3.2B
2014: $3.4B
2015: $3.4B
2016: $4.9B
2017: $3.5B
2018: $3.2B
2019: $9.9B
2020: $7B
2021: $18.5B
2022: $16B
2023: Find out later today
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Earnings Preview: Google, Alphabet Inc. (NASDAQ: GOOGL)
By: 24/7 Wall St. | July 24, 2023
• Here is a look at three companies set to report quarterly results after markets close Tuesday afternoon.
Alphabet
The parent of Google, Alphabet Inc. (NASDAQ: GOOGL), is the first (alphabetically speaking) of the five big tech stocks to report June-quarter earnings. The good news for investors is that the stock has added 36% to its share price so far in 2023, with about two-thirds of that increase coming by mid-April.
In the first quarter, Alphabet beat both revenue and earnings per share (EPS) estimates, largely due to the company’s massive reduction in employees. What did it have to do to keep up the momentum in the second quarter? Sell more advertising on its Google search results pages. Wall Street seems to think that happened.
Of 51 analyst ratings on the stock, 43 are Buy or Strong Buy rating, and the rest are Hold ratings. At a recent price of around $120 a share, the upside potential, based on a median price target of $126, is 11.8%. At the high price target of $172, the upside potential is 68.6%.
Second-quarter revenue is forecast at $72.75 billion, which would be up 4.2% sequentially and by 4.4% year over year. Adjusted EPS are pegged at $1.34, up 14.7% sequentially and 10.7% higher year over year. For the full 2023 fiscal year, consensus estimates call for EPS of $5.35, up 17.4%, on revenue of $300.11 billion, up 6.1%.
Alphabet stock trades at 22.5 times expected 2023 EPS, 19.0 times estimated 2024 earnings of $6.32 and 16.3 times estimated 2025 earnings of $7.37 per share. Its 52-week trading range is $83.34 to $129.04. The company does not pay a dividend, and the total shareholder return for the past 12 months was 4.97%.
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Bought the Oct 130 calls here today!
$MSTR & $GOOG $1M+ OTM Calls (Opening Orders)
By: Cheddar Flow | July 24, 2023
• $MSTR & $GOOG $1M+ OTM Calls (Opening Orders)
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$GOOG Will Google's earnings report this week be able to keep the trend alive?
By: TrendSpider | July 22, 2023
• $GOOG Will Google's earnings report this week be able to keep the trend alive?
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S. R. Schill & Associates Buys New Holdings in Alphabet Inc. (GOOGL)
By: MarketBeat | July 21, 2023
• S. R. Schill & Associates bought a new stake in Alphabet Inc. (NASDAQ:GOOGL) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 2,275 shares of the information services provider's stock, valued at approximately $236,000...
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Highview Capital Management LLC DE Boosts Stake in Alphabet Inc. (GOOGL)
By: MarketBeat | July 20, 2023
• Highview Capital Management LLC DE lifted its holdings in Alphabet Inc. (NASDAQ:GOOGL) by 14.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 21,753 shares of the information services provider's stock after acquiring an additional 2,812 shares during the quarter. Alphabet accounts for 1.3% of Highview Capital Management LLC DE's holdings, making the stock its 15th biggest position. Highview Capital Management LLC DE's holdings in Alphabet were worth $2,256,000 as of its most recent SEC filing...
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Google co-founder Sergey Brin back at the company in recent months
By: Investing.com | July 21, 2023
Alphabet (NASDAQ:GOOGL) owned Google co-founder Sergey Brin has been back working at the tech giant's Mountain View, California offices in recent months, alongside researchers, according to a report from The Wall Street Journal on Friday.
Brin is said to be visiting the offices three to four days a week, working with researchers as they try to develop the company's next large artificial intelligence system.
WSJ sources told the publication that while he participated in meetings about AI late last year, the frequency and intensity of his involvement have since increased.
Brin stepped down from an executive role at Alphabet in 2019 and has since taken a hands-off approach. However, there has been a shift in gears in recent months.
He has reportedly been working closely with researchers at GOOGL's newly constructed Charleston East building, creating Google's long-awaited AI model Gemini, and discussing technical matters such as "loss curves."
Sources told the WSJ that Sundar Pichai, chief executive of both Google and Alphabet, is excited about Brin's involvement and has encouraged his contributions.
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Will Google $GOOG see a rebound off the trendzone and 50 day EMA?
By: TrendSpider | July 20, 2023
• $GOOG Will Google see a rebound off the trendzone and 50 day EMA?
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This stock just can't hold sqaut
Google seen beating in Q2 - BofA
By: Investing.com | July 20, 2023
Google-owner Alphabet Inc (NASDAQ:GOOGL) (NASDAQ:GOOG) is set to report its second-quarter results on July 25. BofA Securities analysts previewed the quarter and expect a modest revenue beat and EPS upside on cost control and other income. The analysts raised their price target to $142 from $128, while maintaining a Buy rating. The new price target suggests more than 16% upside from yesterday’s closing price.
The firm estimates revenue and GAAP EPS of $60.7 billion and $1.42, respectively, versus the consensus of $60.4B and $1.34.
“We expect search & other growth to accelerate 210bps to 4% y/y (FX benefit), with our $42.3bn est above Street at $42.1bn,” they commented. “We expect 2Q core Google margins to be up 64bps y/y on cost savings/layoffs and expect GAAP EPS at $1.42, above Street at $1.34, with investment income (asset mark-ups) driving upside. Based on 3rd party data sources, we think investors are looking for in-line to 1% above Street revs., with extent (or lack of) of cost efficiencies a debate topic.”
Another aspect of discussion centers around the potential effects of integrating LLM (Language Model Models) into search results on revenues and costs. Despite this, BofA analysts hold a positive outlook on the steady growth of search share, which they believe will grant Google the ability to manage the pace of LLM integration effectively.
Overall, the analysts are anticipating 2Q cost-driven upside and potential Search acceleration in 2H due to macro improvements and new AI tools for advertisers. Alphabet is seen as a defensive, self-help stock in 2023 with stronger earning potential.
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Alphabet Inc. $GOOGL Nice ramp, 129 is the 52w high, one of the few big names that are still set up here
By: Options Mike | July 16, 2023
• $GOOGL Nice ramp, 129 is the 52w high, one of the few big names that are still set up here.
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Largest unusual volume today: $COIN $GOOGL $NKLA $RIOT
By: Cheddar Flow | July 14, 2023
• Largest unusual volume today: $COIN $GOOGL $NKLA $RIOT
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Triple Top Breakout in share price of Alphabet today, on 13-Juy-2023. GLTA
$GOOG Google the star of the show today, exploding off the 50 day SMA and closing near the highs!
By: TrendSpider | July 13, 2023
• $GOOG Google the star of the show today, exploding off the 50 day SMA and closing near the highs!.
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Alphabet $GOOG July has been a stellar month for Google, green 9 out of the last 10 years with an average return of +7.73%
By: TrendSpider | July 13, 2023
• $GOOG July has been a stellar month for Google, green 9 out of the last 10 years with an average return of +7.73%.
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Alphabet shares soar after it expands AI chatbot internationally
By: investing.com | July 13, 2023
(Reuters) - Shares in Google parent Alphabet (NASDAQ:GOOGL) Inc were up 4.9% on Thursday after it said it was rolling out its artificial-intelligence chatbot Bard in Europe and Brazil, easing worries about overseas regulatory issues.
The stock last traded at $124.73 and was on track for its biggest one-day percentage gain since early February when it announced the product. The shares also hit their highest point since mid-June during the session.
Alphabet shares were outperforming the broader market, with the S&P 500 up 0.6%, boosted by data showing signs of cooling inflation.
Bard's launch in the European Union had been held up until now by local privacy regulators but Google said it had met watchdogs to reassure them on issues relating to transparency, choice and control.
Danni Hewson, head of financial analysis at investment firm AJ Bell attributed Thursday's rally to the launch in Europe and in Brazil and Bard's expansion into new languages.
"There were some concerns about data, about privacy. Clearly they've been able to reassure European regulators about those issues, which just paves the way for further advantage really," said Hewson.
Art Hogan, chief market strategist at B Riley Wealth also attributed Thursday's rally to Bard's Europe and Brazil launch, which he said "marks the product's most significant expansion since its February launch and pits it against Microsoft Corp (NASDAQ:MSFT)."
Microsoft, the backer of rival AI ChatGPT, was up 1.1% on Thursday.
Alphabet shares, which have seen a huge boost from investor excitement around generative artificial intelligence since February, are up around 41% so far this year. Microsoft shares are up 42% so far in 2023.
Also on Thursday, TD Cowen raised its price target for Alphabet shares to $140 from $130 citing expectations of better growth in its search business.
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Alphabet $GOOG Regained the 50 day, now going for the breakout?
By: TrendSpider | July 13, 2023
• $GOOG Regained the 50 day, now going for the breakout?
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Wowser! What an interview the CEO of Google Deep Mind
Google $GOOG closes below its 50 day SMA today for the first time in nearly four months! Below $115 we have a gap to fill.
By: TrendSpider | July 10, 2023
• $GOOG Google closes below its 50 day SMA today for the first time in nearly four months!
Below $115 we have a gap to fill.
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Cheap Stock Alert: Alphabet (GOOG) Shares Are Still Attractive, Especially For Short Put Traders
By: Barchart | July 10, 2023
Alphabet (GOOG) peaked earlier last month at over $127, but now it's off 7% at $118.64 in early trading on Monday, July 10. This makes GOOG stock appear to be cheap to some investors.
One reason is GOOG stock is still trading below its average earnings valuation metrics.
Valuation Metrics
According to Yahoo! Finance GOOG stock still trades for just 22.4x forward earnings. Compared to the historical average forward P/E of 25.17x, according to Morningstar, this implies GOOG stock is too cheap.
In fact, it implies that the stock could rise by over 12%. This is because the 25.17x average multiple is 12.3% higher than its existing P/E multiple of 22.4x. As a result, a good target price for GOOG stock is $133.23 (i.e., $118.64 x 1.123).
Short Put Trade Strategy Makes Sense
As a result, traders who short out-of-the-money (OTM) puts can make good income here. In fact, this strategy worked in our last article from June 13, “Alphabet Stock Is Powering Higher, But Is Still Cheap Based On Historical Metrics.”
For example, we discussed not only how GOOG stock was trading below its average P/E (price-to-earnings) multiples, but also suggested shorting OTM puts expiring on July 7.
We recommended shorting the $119.00 strike price which was 4.75% below the spot price with 24 days to go before expiration.
The premium received at the time was 97 cents, giving the OTM short-put trader an immediate yield of 0.815%. Since GOOG stock closed on July 7 at $120.14, those puts expired worthless. That means the OTM short put trader made money, even though GOOG stock fell over that period.
Traders can repeat that strategy again and likely still make good money.
Shorting OTM GOOG Puts
For example, for the July 28 expiration period, put premiums for the $110 strike price are attractive. That strike price is over 6,6% below today's price. The premium is $1.13, which provides an immediate yield to the short put trader of 1.027% (i.e., $1.13/$110.00).
If this can be repeated each month for a year, the annualized return will be 12.3% (i.e., $1.027% x 12 = 12.3%).
In fact, since this trade is only 3 weeks to expiration, the annualized return will be higher at 17.5%. That is because there are 17 periods of 3 weeks in a year, so the annualized return is 17x 1.027%, or 17.5%.
Here is how this strategy can be practically done by investors. First, put $11,000 in a brokerage firm and get approval to do short-put option trades. Then you can enter an order to “Sell to Open” 1 put contract at the $110 strike price.
This is because $110 x 100 shares equals $11,000, so the potential exercise of the put contract is fully “covered.”
The account will then immediately receive $113 (i.e., $1.13 x 100 shares per put contract). That is why the immediate yield is 1.03% since $113/$11,000 equal 1.027%.
This shows that investors can still make good money in GOOG stock even though it has been weak lately.
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Alphabet Inc. $GOOGL Still stuck between the 50D and 21D, tried to break to the upside but lost it
By: Options Mike | July 9, 2023
• $GOOGL Still stuck between the 50D and 21D, tried to break to the upside but lost it.
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Is Alphabet Still A Buy?
By: Barchart | July 6, 2023
After rallying by more than +38% this year, there are signs of cracks in the bullishness toward Alphabet (GOOGL). Among the 55 analysts that cover Alphabet tracked by Bloomberg, the stock has 47 buy ratings, the lowest in at least three years. While that still shows more bullishness for a company than many other stocks in the Nasdaq 100 Stock Index ($IUXX) (QQQ), it’s well below the unanimous approval the stock had a year ago.
Some investors are growing cautious toward Alphabet on concerns about the potential impact of an economic slowdown on advertising sales. Federated Hermes said, “Tech is going to be sensitive to corporate profits,” and that conditions are becoming more difficult in areas including consumer spending and company investment in growth.
Most recently, Alphabet has seen rare downgrades. In May, Loop Capital Markets cut the stock to hold from buy on concerns it will struggle to maintain dominance in internet search as people increasingly turn to artificial intelligence (AI). Last month, Bernstein downgraded Alphabet to market perform from outperform, saying the stock appears fairly valued. In addition, UBS last week downgraded the stock to neutral from buy, saying it saw better opportunities in Amazon.com (AMZN) and Meta Platforms (META).
After trading sideways in Q1, shares of Alphabet rallied sharply, climbing to a 14-month high last month after it started rolling out plans to integrate AI technology into its search engine. However, the stock’s momentum has recently slowed, and Alphabet was the worst performer of the top seven mega-cap technology stocks in June. Regarding valuation, Alphabet lags behind its rivals as the stock sells for about 19 times estimated earnings, compared to Nvidia (NVDA) at 49 times and Amazon.com at about 42 times estimated earnings.
Despite the decline in bullishness among some analysts, few are reluctant to sell Alphabet, given the company’s solid positioning and long-term growth potential. CI Roosevelt believes the company will overcome near-term headwinds and climb higher. Also, Piper Sandler on Wednesday boosted their price target on Alphabet to $140 from $128, saying the stock has room to grow as “the narrative that Google is losing in AI search dissipates.” In addition, Aptus Capital Advisors LLC said Alphabet remains a good longer-term bet as a “set-it-and-forget-it name for the next three to five years.”
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GOOGL $2.1 Million Put • Strike: 120 • Expiration: 6/21/24
By: Cheddar Flow | July 6, 2023
• $GOOGL $2.1M Put
Strike: 120
Expiration: 6/21/24
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GOOGL $1.1 Million Put • Strike: 120 • Expiration: 6/21/24
By: Cheddar Flow | July 5, 2023
• $GOOGL $1.1M OTM Put LEAP
Strike: 120
Expiration: 6/21/24
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New World A-Comin’ and Google will at the forefront
Alphabet Inc. $GOOGL - I adjusted the Uppr-Parallels...
By: Sahara | July 3, 2023
• $GOOGL $NYFANG - I adjusted the Uppr-Parallels...
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Breakthrough Google quantum computer instantly makes calculations that take rivals 47 years
By: Yahoo | July 2, 2023
Google has developed a quantum computer that instantly makes calculations that would take the best existing supercomputers 47 years, in a breakthrough meant to establish beyond doubt that the experimental machines can outperform conventional rivals.
A paper from researchers at Google published online claims that the company’s latest technology is “beyond the capabilities of existing classical supercomputers”.
Proponents of quantum computers say the technology, which relies on the peculiar states of quantum physics, can create hugely powerful machines able to battle climate change and create breakthrough drugs.
However, they also threaten to undermine today’s encryption systems, making them a national security priority.
Four years ago, Google claimed to be the first company to achieve “quantum supremacy” – a milestone point at which quantum computers surpass existing machines.
This was challenged at the time by rivals, which argued that Google was exaggerating the difference between its machine and traditional supercomputers.
The company’s new paper – Phase Transition in Random Circuit Sampling – published on the open access science website ArXiv, demonstrates a more powerful device that aims to end the debate.
While the 2019 machine had 53 qubits, the building blocks of quantum computers, the next generation device has 70.
Adding more qubits improves a quantum computer’s power exponentially, meaning the new machine is 241 million times more powerful than the 2019 machine.
The researchers said it would take Frontier, the world’s leading supercomputer, 6.18 seconds to match a calculation from Google’s 53-qubit computer from 2019. In comparison, it would take 47.2 years to match its latest one.
The researchers also claim that their latest quantum computer is more powerful than demonstrations from a Chinese lab which is seen as a leader in the field.
Google’s paper demonstrates how larger quantum computers can manage “noise” – interference that threatens to disrupt the fragile states in which qubits operate – to continue to make calculations.
The researchers said: “We conclude that our demonstration is firmly in the regime of beyond-classical quantum computation.”
The rival machines were measured on a randomisation task that critics say favour quantum computers and lack any practical value beyond academic study.
Steve Brierley, the chief executive of Cambridge-based quantum company Riverlane, said: “This is a major milestone. The squabbling about whether we had reached, or indeed could reach, quantum supremacy is now resolved.”
Sebastian Weidt, the chief executive of Brighton-based start-up Universal Quantum, said quantum computers needed to demonstrate more practical functions.
He said: “This is a very nice demonstration of quantum advantage. While a great achievement academically, the algorithm used does not really have real world practical applications though.
“We really must get to utility quantum computing – an era where quantum computers with many thousand qubits actually begin to deliver value to society in a way that classical computers never will be able to.”
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Alphabet Inc. $GOOGL Found support on the 50D and failed at the 21D on Friday.. now watch for a break of one
By: Options Mike | July 1, 2023
• $GOOGL Found support on the 50D and failed at the 21D on Friday.. now watch for a break of one.
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Though the Dailies in downtrend the Weeklies still indicating uptrend. GLTA
$GOOGL Opening 1DTE sweeper in to the 06/30 $117 PUTS
By: FLOWrensics | June 29, 2023
• $GOOGL Opening 1DTE sweeper in to the 06/30 $117 PUTS.
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Alphabet $1.4 Million Call • Strike: 120 • Expiration: 10/20/23
By: Cheddar Flow | June 29, 2023
• $GOOG $1.4M OTM Call
Strike: 120
Expiration: 10/20/23
*At the Ask*
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Probably best to disassociate yourself with the fags and work for a company that prioritizes making a product that people want to use and not perpetuating a mental disease! State actors have no place in business!
GOOGL $1.6 Million Call • Strike: 120 • Expiration: 7/21/23
By: Cheddar Flow | June 26, 2023
• $GOOGL $1.6M OTM Call
Strike: 120
Expiration: 7/21/23
*At the Ask*
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Ullmann Wealth Partners Group LLC Buys Shares of 2,899 Alphabet Inc. (GOOGL)
By: MarketBeat | June 24, 2023
• Ullmann Wealth Partners Group LLC bought a new stake in shares of Alphabet Inc. (NASDAQ:GOOGL) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 2,899 shares of the information services provider's stock, valued at approximately $301,000...
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Manufacturing PMI for Europe sank to lowest in 37 months, lower than the worst index value during the 2012 recession. Instead of rebounding as "everyone" has been expecting from shallow recession already, it appears to be getting worse.
https://buff.ly/3qSP6SK
Manufacturing PMI for Europe sank to lowest in 37 months, lower than the worst index value during the 2012 recession. Instead of rebounding as "everyone" has been expecting from shallow recession already, it appears to be getting worse. https://t.co/N8QAJyr4LE pic.twitter.com/nf9Q0Q5nxh
— Jeffrey P. Snider (@JeffSnider_EDU) June 24, 2023
GOOGL $2.0 Million Put LEAP • Strike: 145 • Expiration: 12/19/25
By: Cheddar Flow | June 23, 2023
• $GOOGL $2.0M Put LEAP
Strike: 145
Expiration: 12/19/25
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Alphabet Inc. $GOOGL digesting the big move, 21D acting as support now
By: Options Mike | June 19, 2023
• $GOOGL digesting the big move, 21D acting as support now.
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CVA Family Office LLC Reduces Position in Alphabet Inc. (GOOGL)
By: MarketBeat | June 16, 2023
• CVA Family Office LLC lessened its position in shares of Alphabet Inc. (NASDAQ:GOOGL) by 10.5% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 22,105 shares of the information services provider's stock after selling 2,595 shares during the quarter. CVA Family Office LLC's holdings in Alphabet were worth $1,950,000 as of its most recent SEC filing...
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Alphabet (GOOGL) Stock Dips Amid EU Anti-Practice Concerns
By: Schaeffer's Investment Research | June 14, 2023
• European Union regulators pressured the company to sell part of its adtech business
• GOOGL is still up more than 40% year-to-date
Alphabet Inc Inc (NASDAQ:GOOGL) stock is down 0.3% at $123.41 at last check, after European Union (EU) regulators told the company it may have to sell a portion of its adtech business to address concerns around anti-competitive practices, which could result in harsh fines. Plus, the company is facing employee backlash over its return-to-office policy, which has been updated to include badge tracking.
The security's most recent rally culminated in a June 7, one-year high of $129.04, with its subsequent pullback contained by a floor at the $122 region. The 40-day moving average has been acting as support since March, and year-to-date GOOGL is up more than 40%.
Options traders are firmly bullish on GOOGL, per the stock's 10-day call/put volume ratio of 3.98 at the International Securities Exchange (ISE), Cboe Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX), which sits higher than 98% of readings from the past year.
It's also worth noting that premiums are attractively priced at the moment. Alphabet stock's Schaeffer's Volatility Index (SVI) of 24% ranks at the bottom of readings in its annual range.
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Alphabet (GOOG, GOOGL) Stock Is Powering Higher, But Is Still Cheap Based On Historical Metrics
By: Barchart | June 13, 2023
Alphabet (GOOG, GOOGL) stock is up over 5.69% in the last month and over 39% YTD. Nevertheless, it still looks cheap based on historical metrics. That makes shorting out-of-the-money (OTM) put options an attractive play for income traders.
For example, analysts project that the company will make $5.34 per share this year (GOOG) and $6.27 next year. So, at today's price for GOOG stock today of $124.67, this puts it on a forward multiple of 23.3x for 2023, and 19.9x for 2024.
Historical Metrics
But these metrics are significantly lower than the stock's historical average. For example, Seeking Alpha reports that the stock's 5-year historical forward multiple is 26.26x. In addition, Morningstar reports that its 5-year mean forward P/E has been 25.19x. The average of these two is 25.7x.
That means that GOOG stock is at least 19% or more undervalued. For example, the average of its 2023 and 2024 multiples is 21.6x earnings. So, dividing 25.7 by 21.6 is 1.19. This indicates that GOOG stock could rise another 19% before it reaches the average forward multiple from the past 5 years.
As a result, we can set a price target for GOOG stock at $148.35 per share. This is derived by multiplying today's price of $124.67 by 1.19x.
And remember that just gives the stock an average price/earnings multiple compared to its historical average. It would not be uncommon for the stock to overshoot this target, given its momentum lately.
One way to play this, along with holding the stock long, is to short out-of-the-money (OTM) put options. This allows the trader to both gain extra income and as well have the chance to buy in the stock automatically at a lower price should it fall. This is an easy way to average in one's cost over the long term.
Shorting OTM GOOG Stock Puts For Income
For example, the $119 strike price puts that expire on July 7 trade for just under a dollar at 97 cents. That works out to an immediate yield of 0.815% (i.e., $0.97/$119.00). This is attractive since the strike price is 4.75% below today's price and the expiration period is just over 3 weeks away (24 days).
GOOG Puts - Expiring July 7, 2023 - Barchart - As of June 13, 2023
This means that a trader who secures $11,900 with a brokerage firm in cash and/or margin can enter an order to “Sell to Open” 1 put contract at $119.00. The account will immediately receive $97.00. That is why the yield is 0.815% since $97/$11,900 invested is 0.815%. If this can be repeated each month for 12 months, the annualized return is 9.78%.
Note that more enterprising traders, who might be willing to take on more risk, can short the $120 strike price puts and receive $1.17. That works out to an immediate yield of almost 1.0% (i.e., $1.17/$120.00=0.975%). But the strike price is only 4% away from today's price. That means that the trader might be forced to purchase GOOG stock with their $12,000 invested if the stock falls to $120 or lower on or before July 7.
This could actually be a good bet since Alphabet's earnings and cash flow for Q2 won't be reported before July 7. The stock might not tank before those earnings come out unless there arises a deep fear in the market that the US economy is headed for a recession. So far, that does not appear likely. So, technically, this might be a risk well worth taking.
Either way, this shows that traders can take advantage of GOOG stock's historically cheap status by shorting near-term OTM put options.
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Alphabet $1.8 Million Call • Strike: 125 • Expiration: 6/16/23
By: Cheddar Flow | June 13, 2023
• $GOOGL $1.8M OTM Call
Strike: 125
Expiration: 6/16/23
*Above the Ask*
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Alphabet Inc. (GOOGL) Some of the air has come out of this one. 21D just below here
By: Options Mike | June 11, 2023
• $GOOGL Some of the air has come out of this one. 21D just below here. If that doesn't' hold not much support until that gap.
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$GOOGL *SIZE* ~ 3 Million shares at $126.21 #darkpool print ~ 8% of 30D Avg Vol
By: FLOWrensics | June 7, 2023
• $GOOGL SIZE #darkpool print ~ 3 mil shares at $126.21 ~ 8% of 30D Avg Vol.
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$GOOGL SIZE CALL SPREAD out to 2025
By: FLOWrensics | June 6, 2023
• $GOOGL SIZE CALL SPREAD out to 2025
OPENING 06/20/25 $160 CALLS
WRITING 06/20/25 $210 CALLS
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Free
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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
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