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?

avatarTiger_James Ooi
05-01

Should You Ride the Alphabet FOMO Wave?

Source: Alphabet Earnings 1Q2024 Earnings Review Most revenue metrics beat market expectations. Earnings per share: USD1.89 vs. USD1.51 expected Revenue: USD80.54 billion vs. USD78.59 billion expected YouTube advertising revenue: USD8.09 billion vs. USD7.72 billion expected Google Cloud revenue: USD9.57 billion vs. USD9.35 billion expected Traffic acquisition costs (TAC): USD12.95 billion vs USD12.74 billion expected Google's advertising grew by 13.04%, while the advertising segments for Meta and Amazon grew by 26.81% and 24% respectively during the same period. Despite this, Google's advertising growth remains impressive, marking its strongest year-over-year growth since 1Q2022. Google Cloud revenue increased by 28.44% year over year, compared to AWS's 17% and Microsoft Azure
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Should You Ride the Alphabet FOMO Wave?
avatarNMKOH
05-01
$Alphabet(GOOG)$   Google has booked in a set of good earnings results.  Yesterday the FOMC reiterate that inyerst will have to stay higher for longer.  The 3 major indexes retreated after the Fed announcement.   Our strategy is to accumulate Google on weakness but in small amounts by making use of the technical analysis to find support level for entry.   
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avatarTigerOptions
04-30

Why I am Bullish on Google's Restructuring

While news of layoffs can be unsettling, it's important to analyze the bigger picture. Recent reports of Google restructuring staff across teams like Flutter, Dart, and Python have sparked concerns, but these changes might not be entirely bearish for the tech giant's future. Here's a breakdown of the situation and why I remain bullish on Google's long-term prospects. Google's official statement clarifies that these aren't company-wide layoffs, but rather "reorgs" aimed at streamlining operations. Their focus is on efficiency, reducing bureaucracy, and aligning resources with top product priorities. This strategic move can actually benefit Google in several ways. By concentrating resources on key areas, Google can potentially accelerate innovation and development in its most crucial produc
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Why I am Bullish on Google's Restructuring
avatarSamlunch
04-28
$Alphabet(GOOGL)$   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.
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avatarmelowhenry
04-28
Expecting positive growth on Google even though they've been late in the game in their strategy 
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avatarLampubar
04-28
Woww i think buy. I need profitt
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avatarNMKOH
04-28
It would be more prudent to buy on a pull back  together with technical analysis to find better entry points.  Patient is needed, for those who are impatient and can't wait buy in small quantities first and add on if the price correct. 
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avatarInferno75
04-27
Nah... I don't think it is time to go in at a high 
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avatarSamlunch
04-27
On a year-over-year basis, the spots of growth in Google's report were impressive: YouTube Ads: $6.69B -> $8.09B (+21%) Cloud Revenue: $7.45B -> $9.57B (+28.5%) Cloud Operating Income: $191M -> $900M (+371%) Operating Margin: 25% -> 32% These are very nice numbers and show how hard the core team is working behind all the bad media coverage of their AI efforts
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avatar1PC
04-27
$Alphabet(GOOGL)$  Only Commandos will try to Enter Google with the Current High [Grin]  or Super Nimble Short Term Intraday Players [Salute] ..... I'm neither one of them [Facepalm]  .... So I will wait for a Safe area to try to Fish 🐟 Google again or Exit my position for some Kofi Cum Snacks.... [Thinking]  Hard Decision....
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avatarMO75
04-27
With dividend and 70 billions share buy back. It a no brainer.  Google going hit higher.
1Reply
avatarEmotional Investor
04-27
Yes would be my call but I recently sold all my $Alphabet(GOOG)$ stock, not because I don't think it's great but because I hold it in $Vanguard S&P 500 ETF(VOO)$ it was a decision based on my circumstances, I had just over 50 individual stocks in my portfolio and it was getting to hard to keep an eye on them all. So decided I'd go to a few etfs so I could knock my portfolio back to a manageable number of stocks 
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avatarBulla
04-27
Yes, it will go higher #GOOG has upside until 180$
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avatarhhjsyndrome
04-27

Google still a buy after earnings?

Alamak! $Alphabet(GOOGL)$ Alphabet, ah, they're really showing off sia with their earnings, leh. Like, every corner also got growth, steady boh. Confirm plus chop, this quarter really jin satki. And wah, they got so much cash like jackpot winnings waiting to belanja on buybacks. Now hor, Google's price now hovering around the 170s. Sibeh tempting, but got jiak bo? Let's check what our charts and options market say. Wah, we just got slapped with a massive gap up, but now blur like sotong what's gonna happen next. Once the market open, aiya, the stock price fallback liao, 170 like become new "lepak" spot. Looking at the charts, wah, we now atas atas above the averages, means got strong bullish momentum lah. See, got gap u
1Reply
Google still a buy after earnings?
avatarMFME
04-26
Dividend? What dividend?
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avatarwenxv
04-26
I needed mny$NVIDIA Corp(NVDA)$  
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avatarIykyk
04-26
3 Trillion for sure. To the moon
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avatarDo_Trading
04-26

"Tech Giants Show AI's Vital Role Amid Fed Rate Uncertainty"

Overview This week's market movements underscore the growing significance of artificial intelligence (AI) amid uncertainty surrounding Federal Reserve interest-rate cuts. Key earnings reports from tech titans like Microsoft and Alphabet highlight AI's pivotal role in driving revenue growth and shaping market sentiment. 1. Microsoft and Alphabet Earnings: Tech $Microsoft(MSFT)$ and $Alphabet(GOOG)$ showcased the importance of AI in their earnings reports. Both companies emphasized AI investments as catalysts for future revenue growth. Unlike $Meta Platforms, Inc.(META)$ , which struggled to convince investors of AI's potential, Microsoft and Alphabet demonstrat
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"Tech Giants Show AI's Vital Role Amid Fed Rate Uncertainty"
avatarBarcode
04-26
$Alphabet(GOOG)$  📈🔍💰Dividend Dilemma: Googling for Growth💰🔎📉 Google, now Alphabet Inc., recently made headlines by announcing its inaugural quarterly dividend of $0.20 per share, marking a significant shift in the company's financial strategy. While this move may raise eyebrows among investors accustomed to Google's relentless focus on growth and innovation, it also prompts questions about the company's evolving identity and future prospects. Some investors view dividends skeptically, interpreting them as a departure from the high-growth trajectory that has characterized Google's ascent. They question whether this move signifies the end of Google's growth story, fearing that dividends could signal a transition to a more mature, less dynamic
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avatarZjie
04-26

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