$Alphabet(GOOGL)$ Alphabet, $G-To The Moon - Tiger Brokers Online Investing Community - To The Moon

$Alphabet(GOOGL)$

Alphabet, $GOOGL, officially closed above $2 trillion in market cap for the first time ever on Friday.

The stock added nearly $200 BILLION of market cap in one day after beating earnings expectations.

Alphabet stock is now up 23% year to date, or FIVE TIMES the increase in the Nasdaq 100 index.

The main driver of the surge in $GOOGL?

A $0.20 dividend declaration and a $70 billion share buyback announcement.

As tech giants begin issuing dividends and share buybacks, it almost feels like they are maturing.

Tech stocks that were small a decade ago are now blue chips.

GOOG Hits New High! Is it Still a Buy After Surge?

Alphabet jumped 12% in extended trading after significantly beating estimates. EPS: $1.89, higher than estimates of $1.51 Revenues: $80.54 billion, exceeding expectations of $78.59 billion. The search giant also authorized its first ever dividend, as well as a $70 billion buyback. ---------------- Is it still a buy after the financial report surged? What's your target price for Alphabet?

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