"A" for Alphabet, "B" for Berkshire, "C" for Coca Cola...
OMG! cannot believe my eyes this morning when I catch up on US market’s Mon. 24 Jul performance.
US market put up a decent performance:
DJIA: +0.53% (+183.55 to 35,411.24). 11th record day “high”.
S&P 500: +0.40% (+18.30 to 4,554.64).
Nasdaq: +0.20% (+26.06 to 14,058.87).
What I see as Wall Street's three indexes inch higher:
Investors bracing for earnings from Mega cap growth & technology companies.
All the while with eyes on the Fed, as they convene today & tomorrow for monthly FOMC.
Re-cap the tri-factor in yesterday’s post Q2 Earnings, Data, Interest Controls US Market This Week. - that will influence US market performance this week: (see below)
Q2 quarterly earnings. Started.
July 2023 interest hike. Starting today. Ending tomorrow, early afternoon tomorrow.
Official data on US economy. Starting today. Focus on Fri, 28 Jul - PCE data (important).
** To read, click on above “blue title”.
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Below are the Top 5 mega caps announcing quarterly earnings today:
$NextEra(NEE)$ - before market opens.
$Microsoft(MSFT)$ - after market closed.
$Texas Instruments(TXN)$ - after market closed.
$Visa(V)$ - after market closed.
Google - after market closed.
Sidetrack: Strange that 4 of 5 Mega cap companies are reporting after market closed?
Case of “bad” fengshui to report before US market opens? LOL!
I will focus solely on $Alphabet(GOOG)$.
Technology sector stocks benefitted from the recent run up on all things “Artificial Intelligence (AI)”.
But I still believe when it comes to Quarterly earnings; nothing speaks “louder” than dollars & cents.
Armed with this belief, below will be Wall Street’s expectations (as per Bloomberg report):
Revenue: $72.75 Billion “expected”.
EPS: $1.32 per share.
Google ad revenue: $57.45 Billion.
YouTube ad revenue: $7.41 Billion.
Google Cloud revenue: $7.83 Billion.
Operating income: $19.94 Billion.
Will Google be able to outperform the expectations?
JP Morgan resident analyst Doug Anmuth has the following observations:
(1) Sentiments for Google will come in “muted”.
(2) AI for Google remains a “hot” topic for investors; with them wondering whether Google will be able to monetize it (incrementally) via generative AI search?
See what I mean? It’s all about profits (dollars & cents).
(3) There is another misconception that “bar set for” Google to excel in AI is “lower” compared to other Tech companies eg. Microsoft etc…
(4) “Warranted” concerns for Google’s 2nd Half of 2023 includes:
“Catalysts” (if any) to continue and spur Google’s growth (& profits).
How the company will take charge to improve its costs of doing business eg. doing more for less…
Lead time required for advances in AI to be “converted” into earnings & profits. Microsoft as a case study, see below, how it is monetizing its Bing AI tool:
(5) Continuous Revenue Stream.
If there is anything that would advance revenue, it would likely be:
Google’s Ad: given the mild upswing gathering pace as “digital advertising” slowdown has begun to stablize; echoing the same sentiments muttered by Meta Platform…
Cloud revenue will also be key; with the division turning profitable for the first time and with a +28% growth.
(6) Resurface of stabilizing agent - Google co-founder Sergey Brin.
Alphabet has been entrenched in an AI standoff with Microsoft (MSFT), which relaunched its Bing search engine (with AI incorporated), after investment in ChatGPT-maker OpenAI; yielded the much needed “edge”.
Although Google still has far more users than Bing and its search-data is still more accurate, Microsoft has managed to get back in the game.
This has led to some analysts’ questioning about Google's ability to innovate.
Alphabet is clearly serious about remaining relevant in the AI-game.
It has stepped up its AI game; with Google co-founder Sergey Brin reportedly becoming increasingly involved.
Do you think Alphabet / Google will be able to turn in a stellar earnings report?
Do you think Alphabet will be able to get back into the AI-game arena, sitting shoulder to shoulder with the likes of Meta, Microsoft etc..?
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Googles phone will surpass Apples and other manufactures in almost all metrics. The hardware is mostly a commodity. The software is were Google has the advantage.
This is my post for yesterday. Njoy & give a Like, share and repost ok!
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In a year, 130 will look dirty cheap. Even 150 will look dirt cheap because you'll be looking back 3 years and saying, google was 150 3 years ago.
Very quietly up almost 50% YTD and approaching a 52 week high. Lots of headroom to go up from here. Ruthie making all the right moves 😎
should be $140 at this time. it's better than amzn.
This is my latest for today's market (Tue). Hope you like it too. If so, you know what to do... Tks.
The panic buying and short covering will be yummy when this hits 135.
Look at Amzn and Googl. Solid as a rock.
It's about time for this stock to breakout , won't be long