1) My previous posts predicted GOOG will beat the earnings and still go down. This is what happened. Reason: GOOG went up 27% in 7 months. So earnings were priced in (mostly) 2) Fine played somewhat of a reason as well. 3) GOOG growth is slowing down. Not so much. Revenues were more than 20% up and earnings 27%. Not so much different from traditional 20% revenue and 25-30% earnings. Wall street would want them tighten the expenses as the revenue growth will slow down at some point.
Alphabet deserves a much higher multiple. It has the exact same revenue growth as Amazon. It has just as many growth possibilities as well with Cloud, YouTube (Red, TV, and Ad load), mobile devices (pixel), the google play store, G Suite, Chromebooks, Maps, Search, Waymo, Nest, Verily, and more. Alphabet has the same growth as Amazon and it does it with spending much less and being much more profitable. They also have over 4 times the cash as Amazon does. I like Amazon but when compared to Alphabet, alphabet looks ridiculously cheap
The result shows Google is still a one trick advertising company after all their moonshots have flopped.
will move up after conference call
Googl is going to be back to $990+ by end of day tomorrow. China markets will have more time to digest results and will result in more buying overnight. The short f's sold off AH causing the dip... will bounce back 2-3% easy by tomorrow...
I'm confused, I'm watching it go down and people saying they didn't beat expectations while The Street is saying it went up and beat expectations. What? Lol
Selling my $966 shares at 974 and 982 in a few hours.
I think GOOG purposely is coming out with earnings early in week as the numbers are great!
First googl ER for me tomorrow. hope its a big one!!!
PANIC CITY GET REAL. Where do u all do a search at- GOOGLE. This will come back so quit the #$%$. Long term buy and hold.. It is not the end of the world.
Stock is strong and will rely on other outstanding earning results. Ending $980 or $985 tomorrow.
Biggest proof that googl is powerful was found when it was down 80 dollars after the euro fine but in just tow week the stock went up from 918 to 984
Alphabet price target raised at both Raymond James and JP Morgan this morning. Got the feeling that funds will be buying at the open this morning.
Same o same game in goog it will be over 1K tomorrow and 1027 by Friday no matter what the criminals do or tell you in after or pre market.
I saw this stock sell off after an earnings and go all the way up the next day lol
If you think GOOGL is gloom and doom then sell. This is no one trick pony. They got things going on we don't even know about.
Watch for $SHOP to fly w/ a nice GOOG beat
This drop is temporary the stock is strong and the quarter is strong the negative news hits the stock. Watch when the stock goes up this week
Google will do fine on thse numbers but nothing more. I decided to sell half my shares and replace those by BABA. I expect the unexpected of BABA for the coming years.
They're going to fully recognize the EU fine in this quarter's EPS number, so I don't expect a great headline number.