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Google’s $GOOGL new A3 GPU supercomputer with Nvidia $NVDA H100 GPUs will be generally available next month
By: Evan | August 29, 2023
Google’s $GOOGL new A3 GPU supercomputer with Nvidia $NVDA H100 GPUs will be generally available next month - Tech Crunch pic.twitter.com/9iITZ4C1x1
— Evan (@StockMKTNewz) August 29, 2023
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Google unveils enterprise AI tools, new AI chip
By: Investing.com | August 29, 2023
SAN FRANCISCO (Reuters) - Google unveiled a swath of fresh artificial-intelligence technology and partnerships on Tuesday that were geared toward bringing more of the growing technology to large businesses.
The batch of announcements from its Google Next conference in San Francisco included new customers for its cloud software such as General Motors (NYSE:GM) and Estee Lauder Companies (NYSE:EL).
The Alphabet (NASDAQ:GOOGL) subsidiary made public a new version of its custom-built AI chips, unveiled an enterprise-scale tool to watermark and identify images generated with AI - plus tools for security and its office suite.
The flurry of announcements is part of Google's recent effort to showcase its AI plans, after Microsoft (NASDAQ:MSFT) caught the company off guard with an ambitious AI strategy it has been rolling out since last year.
But its big business customers need to be deliberate and move at a different pace, Google Cloud chief Thomas Kurian said in an interview with Reuters.
"We've generally told enterprise customers, 'Go slowly and methodically because it's important that you treat this as a strategic software development,'" he said. "There's been this sort of FOMO of, 'I need to be in generative AI for generative AI's sake.'"
FOMO refers to fear of missing out, a common refrain in AI in recent months.
To bolster Google's enterprise cloud service it added 20 AI models to its collection, bringing the total to 100. The AI infrastructure includes deals to bring Google Cloud customers access to Meta Platforms (NASDAQ:META)' AI model LLaMa 2, and to the startup Anthropic's Claude 2.
Google announced new versions of its own foundation AI infrastructure that improve performance and add features. The new version of its text model called PaLM, for example, increased the amount of text users can input to make it easier to process longer documents such as legal briefs and books.
Google discussed a tool that adds the capability to watermark AI-generated images. Called SynthID, the technology alters a digital image file in a way invisible to human eyes. It is designed to remain intact after an image is altered or tampered with.
Google also rolled out AI updates to its suite of office software and security tools. The company unveiled an AI-powered tool that can port databases from Oracle (NYSE:ORCL) to an open-source version, a notoriously difficult task.
CUSTOM AI CHIPS
Ahead of the announcement of its full-fledged fifth-generation tensor processing unit (TPU), Google has opened access to a version that is optimized for genAI and large language models.
The new chip, called TPU v5e, is designed to train large models but also efficiently serve content from those models. It is not as powerful as the as yet unlaunched flagship fifth AI generation chip.
Google has stitched together the TPU v5e chips into batches of 256 that it describes as a "supercomputer." Cloud customers can connect several pods together in order to tackle more complex computing problems.
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Alphabet $GOOGL Sweepers aggressive out of the gate into the 09/29/23 $142 CALLS
By: FLOWrensics | August 28, 2023
• $GOOGL Sweepers aggressive out of the gate into the 09/29/23 $142 CALLS
Google Cloud Next 23 kicks off tomorrow 08/29 to 08/31.
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Alphabet Inc. $GOOGL 52W high on Thursday but couldn't hold. That said still showing r/s and holding most of the earnings gap
By: Options Mike | August 27, 2023
• $GOOGL 52W high on Thursday but couldn't hold. That said still showing r/s and holding most of the earnings gap.
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$GOOG Google doing what leaders do
By: TrendSpider | August 23, 2023
• $GOOG Google doing what leaders do.
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Google $GOOG hit new 52 week highs earlier today
By: Evan | August 23, 2023
• Google $GOOG hit new 52 week highs earlier today.
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Double Top Breakout today on 23-Aug-2023
Entered a day order to buy at $133 GLTA
PS: Day order filled at $133.00
Will the relative strength continue for Google? Seasonality suggests it might... Since IPO in 2004 September: 63% win rate, +2.50% average return, October: 74% win rate, +9.34% average return
By: TrendSpider | August 22, 2023
• $GOOGL Will the relative strength continue for Google? Seasonality suggests it might...
Since IPO in 2004
September: 63% win rate, +2.50% average return
October: 74% win rate, +9.34% average return
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Google $GOOG just flagging near 52-week highs waiting for the rest of the market to get with the program.
By: TrendSpider | August 22, 2023
• $GOOG Google just flagging near 52-week highs waiting for the rest of the market to get with the program.
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Alphabet (GOOG) Stock Holds Up And Attracts Value Investors And Short-Put Traders
By: Barchart | August 22, 2023
Alphabet (GOOG) has dropped just 1.83% in the August sell-off and it's now moving back up. In morning trading on Aug. 22, GOOG stock is at $130.67, down from $133.11 at the end of July. Alphabet's massive free cash flow (FCF) makes it attractive to value investors.
It also appeals to options traders who sell short out-of-the-money (OTM) put options for income.
I discussed these points in my July 30 Barchart article, “Alphabet Gushes Forth Record Free Cash Flow, Making GOOG Stock Cheap.” The article pointed out that Alphabet's Q2 results showed that its FCF was up 73% YoY.
Moreover, its QoQ FCF growth was over 26%. That is incredible. It helps explain why GOOG stock has performed reasonably well during the past month, despite the tech stock sell-off.
Where This Leaves Investors In GOOG Stock
As it stands, GOOG stock trades on a very reasonable forward price-to-earnings (P/E) multiple of just 23x for 2023 and 19.5x for the year ending Dec. 2024. That is well below its 5-year average forward P/E multiple of 25.1x, according to Morningstar.com.
So, if GOOG stock were to rise to its average forward multiple, GOOG stock would be worth 9.1% more using 2023 metrics (i.e., 25.1x/23x) and 28.7% more based on 2024 (i.e., 25.1x/19.5x).
That implies GOOG stock is worth between $142.56 per share and $168.17. That puts its average target price at $155.36 per share. That is slightly higher than Yahoo! Finance's survey of 10 analysts who have an average price target of $142.30 per share.
However, our own FCF analysis, in our prior article, shows that GOOG stock could be worth as much as $217.88 per share.
The bottom line is that using either a P/E metric formula or a FCF formula it clearly looks like GOOG stock is worth much more than today's price. That makes it attractive to value investors who own GOOG stock for the long term.
One way to conservatively play this upside in the near term is to sell short out-of-the-money (OTM) put options. This helps lower buy-in costs if the puts are exercised as well as to gain extra income.
After all, Alphabet still does not pay a dividend. So, by both holding GOOG stock and shorting OTM puts, investors can gain the best of both worlds: GOOG stock's upside potential as well as current income.
Shorting OTM Puts
For example, in our last article, we discussed selling short the Aug. 25 expiration $130 strike price. At the time, on July 30, the premium received from this trade was $2.76 per put option sold short. Today, those puts are lower at $1.19. So, that trade has been successful.
It might make sense to roll this trade over and short it again for a further expiration period. That involves buying back the shorted put option (i.e., “Buy to Close”) and then entering another order to “Sell to Open” a new put trade.
For example, the Sept. 15 expiration put option chain, a little over 3 weeks from now, shows that the $126 puts trade for $1.81 per contract. That means that the short seller gains an income of 1.44% at a strike price which is 3.50% below today's price.
GOOG Puts - Expiring Sept. 15 - Barchart - As of Aug. 22, 2023
This means that a trader who secures $12,600 in cash and/or margin with their brokerage firm can enter an order to “Sell to Open” 1 put at $126.00 for Sept. 15 expiration. The account will immediately receive $181.00 in it. That shows that there is an immediate yield of 1.44% (i.e., $181/$12,600).
This shows that investors can conservatively play the upside in GOOG stock today. This strategy works best when an investor both owns the stock and also shorts OTM puts. Even if the stock price falls to $126.00 or lower on or before Sept. 15, the investor can potentially lower their buy-in cost.
In addition, they still get to keep the income that was generating selling the OTM puts. This makes this kind of trade profitable, especially if it is repeated continuously.
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$GOOGL $91 Million at $130.54 #PhantomPrint ~ SPOT $128.24
By: FLOWrensics | August 21, 2023
• $GOOGL #PhantomPrint at $130.54 ~ SPOT $128.24
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Alphabet Inc. $GOOGL Finally found it's way into it's earnings gap, but not going easily. 50 then gap fill next support, 132 Wall for now
By: Options Mike | August 20, 2023
• $GOOGL Finally found it's way into it's earnings gap, but not going easily.
50 then gap fill next support, 132 Wall for now.
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Google vs the DoJ is a test case for reining in Big Tech
By: Financial Times | August 17, 2023
When the US Department of Justice’s complaint against Google goes to trial next month, it will be the first case to delve into the business practices of a big tech company since the US took on Microsoft a quarter of a century ago. If Judge Amit Mehta comes down on the side of the US, the remedies he orders could have a direct bearing on Google’s core business, opening the door for rivals to take a bigger slice of the mobile search market.
You wouldn’t know it from the share price. Alphabet, Google’s parent, is up 47 per cent this year, part of a powerful rally that has seen Big Tech lead the entire stock market higher. Ever since the “techlash” that set in around 2017, when politicians and regulators around the world began to look at reining in the power of the biggest tech companies, investors have had a new risk to handicap. The current stock market mood suggests they see very little danger.
It is easy to see why. Despite the sound and fury emanating from Washington in recent years, regulators have yet to score any big antitrust wins against the tech companies and Congress has failed to advance any important new legislation. And despite levying a series of fines against Google, Brussels has done little to change competitive dynamics in the markets it dominates.
The EU’s new Digital Markets Act may present a bigger risk. But in the absence of new laws in the US, regulators there have been forced to try to stretch existing ones. The courts, though, are wary of limiting business practices that confer immediate consumer benefits, such as lower prices. Tech companies are quick to warn that messing with their current way of doing business could threaten free internet services and low-price digital goods that have been popular with millions of consumers.
The US Federal Trade Commission‘s failure last month to convince a judge to block Microsoft’s $75bn acquisition of gaming company Activision Blizzard has again underlined the unwillingness of US courts to act without clear harm to consumers, however much the companies’ competitors complain.
The case against Google turns on a batch of deals the company struck with handset and browser makers to make its search engine the default on devices and handsets that run its Android software.
Though some parts of the complaint were thrown out by Mehta this month, the trial will focus on an issue where Google could be vulnerable. Section two of the Sherman Act imposes a broad ban on any “exclusionary conduct” used to monopolise a market. The US succeeded with a similar complaint against Microsoft, which used exclusive contracts to promote use of its Internet Explorer browser and defeat browser maker Netscape.
But even if Google’s search deals shut out competitors, the company would still prevail if it can show pro-competitive intent for its conduct. Google argues that paying to make its search engine the default that users see on their devices is no different from the way makers of breakfast cereals pay for prominent placement on supermarket shelves. It also warns that if its own promotional deals are cut off and the courts prevent a normal business practice, then it could lead to a worse experience for consumers, including higher phone prices.
The legal test comes just as another big tech company appears set to face a complaint over its core business. There have been reports for weeks that the FTC is moving closer to filing a long-awaited lawsuit against Amazon’s ecommerce operations. The agency is said to be targeting Amazon’s treatment of the third-party sellers who use its online marketplace to reach customers. Amazon has long faced protests that it effectively forces these sellers to pay for extra services, such as its Fulfilment by Amazon storage and delivery, to ensure their products are given prominent placement in its marketplace.
As with Google, this appears to attack an important part of the core business. Independent sellers like this account for nearly a quarter of Amazon’s revenue, making this an important part of the company’s business. Yet Wall Street seems untroubled and Amazon’s shares have rebounded 57 per cent this year.
One calculation investors seem to be making is that even if the companies lose, they may be able to resolve the cases by adjusting the terms of some of their contracts rather than being forced into fundamental changes to their operations. Amazon, for instance, has already agreed to concessions in the EU and UK over how it deals with third-party sellers, with little impact to its business.
The Google trial will shine a light on the sort of practices that Big Tech’s critics claim have complained about for years. But if Wall Street is right, it won’t put a dent in the companies’ most profitable operations.
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$GOOG Hard to ignore the relative strength from Google today, if mega-cap tech can catch a bid look for this name to lead!
By: TrendSpider | August 17, 2023
• $GOOG Hard to ignore the relative strength from Google today, if mega-cap tech can catch a bid look for this name to lead!
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Alphabet $GOOGL Bearish Risk Reversal
By: FLOWrensics | August 15, 2023
• $GOOGL Bearish Risk Reversal
OPENING the 12/15 $130 PUTS
WRITING the 12/15 $130 CALLS
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Alphabet Gains the Upper Hand
By: Bespoke Investment Group | August 14, 2023
The writing has been on the wall all year - Microsoft beat Google to the punch, and despite its past dominance, with the launch of ChatGPT in late 2022, Google was destined to take a backseat to Microsoft in the AI boom. The list of articles below is just a sampling of the ink and pixels that have been spent documenting the impeding collapse of Google and the rise of Microsoft in online search and business productivity tools:
"Thanks to OpenAI, Microsoft is beating Google in the artificial intelligence game" - Vox, 1/26/23
"Microsoft packs Bing search engine, Edge browser with AI in big Challenge to Google" - Reuters, 2/7/23
"Thanks to ChatGPT, Microsoft can finally beat Google" - Business Insider, 2/7/23
"'AI First' To Last: How Google Fell Behind In The AI Boom" - Forbes, 2/8/23
"Investors' query: Can Google answer Microsoft's AI threat" - AP News, 2/8/23
"How Google Ran Out of Ideas" - The Atlantic, 2/16/23
"How Google Became Cautious of AI and Gave Microsoft an Opening" - Wall Street Journal, 3/7/23
"Google Devising Radical Search Changes to Beat Back A.I. Rivals" - New York Times, 4/16/23
"Google Lost $57 Billion in One Day, Because Microsoft is Leading the AI Race" - Robb Report, 4/18/23
"Microsoft 'holding a lot of the cards' in AI-powered search war with Google" - Yahoo Finance, 4/26/23
For much of the first half of 2023, shares of Microsoft (MSFT) outperformed the overall market and Google parent Alphabet (GOOGL) based on the sentiment of the articles above and ones like them. Back in early February, when Alphabet rushed its AI answer to Microsoft's Bing powered by ChatGPT, the company lost more than $100 billion in market value in a single day after Bard gave a factually incorrect answer during its introduction to the world. It looked like a major PR disaster for Alphabet management, but Bard's error shed light on a a key aspect of AI chat bots in general, namely that they all have a tendency to give wrong answers. Even when it comes to queries involving seemingly straightforward arithmetic, ChatGPT often gets the answer wrong.
Just as ChatGPT increasingly gives wrong information, the obituaries for Google also turned out to be wrong, as last week, shares of GOOGL surpassed MSFT in terms of performance since the launch of ChatGPT. Through late morning on Monday (8/14), GOOGL was up just under 30% (29.6%) compared to MSFT's gain of 26.4%. Maybe it's just a coincidence, but we found it interesting that the most recent peak in MSFT's stock came within days of the headline below.
"ChatGPT users fall for first time, spurring questions about AI boom" - Washington Post, 7/7/23
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Alphabet $GOOG is looking ripe for a break out of this tight post-earnings wedge
By: TrendSpider | August 14, 2023
• $GOOG Google is looking ripe for a break out of this tight post-earnings wedge.
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Alphabet Inc. $GOOGL one of the few AI names holding strong, gap being tested but holding so far.. if this one rolls very bad sign
By: Options Mike | August 13, 2023
• $GOOGL one of the few AI names holding strong, gap being tested but holding so far.. if this one rolls very bad sign.
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Waymo LLC, formerly known as the Google Self-Driving Car Project, is an American autonomous driving technology company headquartered in Mountain View, California.
It is a subsidiary of Alphabet Inc., the parent company of Google. Wikipedia
Parent organization: Alphabet Inc.
https://waymo.com/
**********Full Commercialization of Robotaxis Arrives in San Francisco***********
...Waymo said it has a permit for 250 AVs and deploys about 100 at any given time. Cruise said it operates 100 cars in San Francisco during the day and 300 at night. So the current fleets are relatively small. But with full commercialization, the fleets are bound to get much larger....
Aug 11, 2023
https://wolfstreet.com/2023/08/11/full-commercialization-of-robotaxis-has-arrived-in-san-francisco/
WOW....
Cathie Wood's ARK Invest Sells 8,153 Shares of Alphabet Inc. (GOOG)
By: Ark Invest Daily | August 10, 2023
• Cathie Wood and Ark Invest's trade activity from today 8/10 $TSLA $NVDA.
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$GOOGL $AMZN coming in later than usual but now seeing larger DP size the big boys
By: FLOWrensics | August 9, 2023
• $GOOGL $AMZN coming in later than usual but now seeing larger DP size the big boys.
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GOOGLE IS FULL OF ALPHABET PEOPLE!!!!!!!!!!!!!
DISGUSTING!!!!!!!!
is there a holiday today in the USA
Google $GOOG looking constructive above its previous 2023 highs, if mega-cap tech can catch a bid look for this name to lead the way.
By: TrendSpider | August 7, 2023
• $GOOG Google looking constructive above its previous 2023 highs, if mega-cap tech can catch a bid look for this name to lead the way.
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Alphabet Inc. $GOOGL Teasing that gap, so like $META on watch for a cute short if we roll over
By: Options Mike | August 6, 2023
• $GOOGL Teasing that gap, so like $META on watch for a cute short if we roll over.
Stil has go to status for me.
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Google-parent Alphabet offloads nearly 90% stake in trading app Robinhood
By: Investing.com | August 4, 2023
(Reuters) -Google-parent Alphabet (NASDAQ:GOOGL) said on Friday it had slashed its stake in Robinhood (NASDAQ:HOOD) Markets by nearly 90%, days after the trading app said it had turned a profit for the first time as a public company.
Robinhood has been struggling to regain its footing after emerging as the breakout financial technology app during the pandemic, when several retail traders were drawn to its platform because of its commission-free trades and easy-to-use interface.
The Federal Reserve's tightening cycle last year hammered equities, especially high-flying tech stocks in which there was a lot of retail interest, denting Robinhood's business.
Shares of the company, whose trading platform was at the center of a meme stock frenzy in January 2021, have lost 86% since hitting their peak in August of the same year.
Earlier this week, Robinhood said it had earned 3 cents per share in the second quarter, while analysts were expecting a loss of 1 cent, according to Refinitiv data.
However, as retail traders stayed cautious due to volatile market conditions, monthly active users at the platform decreased to 10.8 million, one million fewer compared to the first quarter and 3.2 million lesser than last year.
To counter this weakness in its mainstay trading business, Menlo Park, California-based Robinhood is looking for new revenue streams. In June, it agreed to buy financial technology and credit card firm X1 for about $95 million.
In its regulatory filing, Alphabet said it had around 612,214 shares in Robinhood as of June 30, compared with 4.9 million shares in the first quarter ended March 31.
As of Robinhood's last close on Thursday, Alphabet's stake would be worth just about $7 million, according to Reuters calculations.
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$GOOG First monthly MACD cross to the upside for Google since May of 2020! The three other times this happened, the following month was green with an average return of +3.31%
By: TrendSpider | July 31, 2023
• $GOOG First monthly MACD cross to the upside for Google since May of 2020!
The three other times this happened, the following month was green with an average return of +3.31%
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Alphabet (GOOG) Gushes Forth Record Free Cash Flow, Making GOOG Stock Cheap
By: Barchart | July 31, 2023
Alphabet (GOOG) reported a massive gain in its free cash flow (FCF) for Q2, up 73% YoY from $12.59 billion to $21.778 billion. That was even 26.5% higher than its Q1 FCF of $17.22 billion. This means GOOG stock, at $133.01 on July 28, is still too cheap, despite a recent runup prior to the earnings release on July 25.
It also means that buying long-term call options and shorting near-term out-of-the-money put options is still a very good income strategy for long-term GOOG stockholders. That is especially the case since Alphabet still does not either pay dividends.
On the other hand, Alphabet has been repurchasing large amounts of its shares. That is a very good use of its free cash flow and works out to their benefit in the long run.
For example, last quarter Alphabet spent $29 billion on share buybacks. At an annualized rate ($118 billion), that works out to almost 7% of its $1.689 trillion market capitalization (i.e., $118.1 b/$1,688.8 b = 6.99%).
Alphabet Q2 earnings - FCF compared to prior periods
Free Cash Flow Reigns
FCF is the amount of revenue left over after all its cash expenses as well as its capex spending (which is not deducted on the income statement). Moreover, FCF also deducts changes in working capital (also not deducted).
So, in effect, this “leftover” cash flow is “free” to be spent on discretionary things like acquisitions, dividends, buybacks, etc. That is why Alphabet's FCF is so important since it funds the company's massive buyback program.
As it stands, Alphabet's valuation does not reflect this powerful free cash flow. If we annualized its 21.778 billion Q2 FCF it works to a 5.1% FCF yield (i.e., $87.1 b/$1,688.8 b). This is a higher FCF yield than other comparable stocks (i.e., that means GOOG stock is too cheap).
For example, Microsoft (MSFT) reported about $19.8 billion in FCF in Q2, or $79.3 billion on a forward annualized basis. However, since MSFT stock has a $2,515 billion market cap, its FCF yield is much lower at 3.15% (i.e., $79.3 b/ $2,515 b).
This implies that GOOG stock could have a higher valuation on a comp basis. This can be seen by dividing its $21.778 billion FCF (actually $87.1 billion on an annualized basis) by the 3.15% FCF yield from MSFT stock. That produces a market cap of $2,765 billion. This is 63.7% higher than its present market cap of $1.689 trillion.
That implies that GOOG stock could rise 67% from $133.01 today to $217.88 per share. Traders can use that target price to make good options trades.
Long Call And Short Put Options Strategies
Assuming GOOG stock will rise 67% to $218 over the next year, bullish traders can afford to pay a reasonable premium for call options that expire in the next 4 four months or so. For example, the Nov. 17 call options for the $155 strike price, which is 16.5% over today's spot price of $133.01, trade for just $2.02 per call.
That makes the breakeven price at just $157.02, or 18% over today's price. But if the trader believes that GOOG stock is worth well over $200 (i.e. $217.88 target price), paying that premium for an option that does not expire for 111 days could be worth it.
GOOG Calls - Expiring Nov. 17, 2023 - As of July 28 - Barchart
For example, let's say that the stock starts to approach $180 per share by the end of Oct. That means that at the minimum the call option would be worth $25.00 (i.e., $180-$155) on an intrinsic basis. Moreover, the actual call premium will be higher due to extrinsic value since there is still time left for its expiration.
But the bottom line is that assuming GOOG stock rises 35% to $180, the call option buyer today would make at least 11x their investment (i.e., $25/$2.02-1).
Another way, perhaps in combination with this strategy, is to short out-of-the-money put options. That produces income that could be used to pay for the long-call options that are bought.
For example, for the option expiration period ending Aug 25, 27 days from now, the $130 strike price puts trade for $2.76 per put contract. This works out to a 2.12% yield (i.e., $2.76/$130) and more than pays for the $2.02 long call option premium, with 74 cents per contract left over.
GOOG Puts - Expiring Aug. 25, 2023 - As of July 28 - Barchart
This means that the investor first secures $13,000 in cash and or margin (including from owning any GOOG shares) with their brokerage firm. Then they can then enter an order to “Sell to Open” 1 put contract at the $130.00 strike price
As a result, the brokerage account will immediately receive $276, which works out to a 2.12% yield on the $13,000 investment. That $276 can then be used to purchase one call option for $202 at $155.00 for expiration on Nov. 17. In effect, then, the call option purchase is free and clear.
The downside risk is if GOOG stock falls by over 2.2% to $130 or lower. Then the $13,000 held in cash and/or margin will be exercised and automatically used by the brokerage firm to force a purchase of 100 shares at $130 per share. That may or may not result in an unrealized loss. Nevertheless, the trader still owns the 1 call option, having paid for it with the income generated by the short-put play.
Moreover, at that point, the investor can short near-term out-of-the-money calls to help cover any potential unrealized loss.
This shows that there are good ways to play GOOG stock, given how cheap it is due to its powerful free cash flow.
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Alphabet Inc. $GOOGL Great report and guidance. Cloud killing it! Messy chart back to 150 ATH, but like the report
By: Options Mike | July 30, 2023
• $GOOGL Great report and guidance. Cloud killing it! Messy chart back to 150 ATH, but like the report.
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$GOOG Unusual options bubble chart shows overwhelmingly call heavy positioning through January of 2024.
By: TrendSpider | July 28, 2023
• $GOOG Unusual options bubble chart shows overwhelmingly call heavy positioning through January of 2024.
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Google $GOOG the star of the show this week, blasting through fib resistance and the volume point of control with authority!
By: TrendSpider | July 28, 2023
• $GOOG Google the star of the show this week, blasting through fib resistance and the volume point of control with authority!
Follow the leader?
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GOOG new 52 week high
Alphabet $GOOGL - Pulse! Thru the Uppr-Band...
By: Sahara | July 28, 2023
• $GOOGL $NYFANG - Pulse!
Thru the Uppr-Band...
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I think my numbers are correct on this but in all honesty I didn't own it at the time, pulled it off of charts, and it was a while ago when I did the math. I was tracking high flyers that were presenting opportunity's. I tracked a 50% drop number (calculated off the highs) on all of them as a starting thought on building into positions but most dropped quite a bit more as I watched and tracked them. Some ended up off 90% from their highs. GOOGL never even hit that 50% drop number. The low is stated.
GOOGL
$151.55 H on 2/2/22 (reflecting 20/1 Split: 7/18/22 @3031)
50% drop # @ $75.775 (from split price)
$83.34 L on 11/3/22 (-44.79% off of High)
Alphabet (GOOGL) Stock Hits 52-Week High After Earnings
By: Schaeffer's Investment Research | July 26, 2023
• Alphabet reported strong second-quarter results
• Analysts are blasting the stock with price-target hikes
All eyes are on Alphabet Inc (NASDAQ:GOOGL) today, after the Big Tech giant's strong second-quarter report. Analysts praised the company's steady growth in its cloud business, noting that it is well-positioned to compete with Microsoft's (MSFT) artificial intelligence (AI), with no fewer than 28 brokerages lifting their price targets after the event.
The company also announced that chief financial officer (CFO) Ruth Porat would assume the position of president and chief investment officer -- a newly created position. Porat will remain in the current role until the position is filled, however.
At last glance, GOOGL was up 6.7% at $130.41, and trading at fresh one-year highs. Year-to-date, the equity is up 47.8%.
So far in the options pits, 338,000 calls and 154,000 puts have been exchanged, which is four times the amount typically seen at this point. Expiring at the end of this week, the weekly 7/28 130-strike and 131-strike calls are the most active contracts, with new positions being opened at both.
Options bulls have been targeting the stock before today, as well. At the International Securities Exchange (ISE), Cboe Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX), GOOGL's 50-day call/put volume ratio of 2.81 ranks higher than 95% of readings from the past year.
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DiscoverGold
Alphabet $1.2 Million+ Put Sweeps • Strike: 132.5 • Expiration: 1/19/24
By: Cheddar Flow | July 26, 2023
• $GOOGL / $GOOG $1.2M+ Put Sweeps (Opening Orders)
Strike: 132.5
Expiration: 1/19/24
*At the Ask*
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DiscoverGold
History of Google’s $GOOGL Q2 Revenue and Net Income
By: Evan | July 25, 2023
• History of Google’s $GOOGL Q2 Revenue and Net Income
Revenue:
2007 $3.9B
2008 $5.4B
2009 $5.5B
2010 $6.8B
2011 $9B
2012 $11.8B
2013 $13.1B
2014 $16B
2015 $17.7B
2016 $21.5B
2017 $26B
2018 $32.7B
2019 $38.9B
2020 $38.3B
2021 $61.9B
2022 $69.69B
2023 $74.6B
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DiscoverGold
So glad I bought Oct 130 calls b4 the earnings! And I plan to hold'em for a nice run higher!
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GOOGLE
GOOGLE
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
