To The Moon

The company's e-commerce business has been hit especially hard in 2022.

Probably not, and many traders would have jumped at the chance to buy GOOGL stock at such a valuation. Yet, here we are, and people are afraid to accept this gift from Wall Street.Again, the culprit is overblown expectations. During 2022’s third quarter, Alphabet’s revenue grew “only” 6% year-over-year. In the year-earlier quarter, the company’s revenue increased a whopping 41% year-over-year.Financial traders shouldn’t have assumed th

Probably not, and many traders would have jumped at the chance to buy GOOGL stock at such a valuation. Yet, here we are, and people are afraid to accept this gift from Wall Street.Again, the culprit is overblown expectations. During 2022’s third quarter, Alphabet’s revenue grew “only” 6% year-over-year. In the year-earlier quarter, the company’s revenue increased a whopping 41% year-over-year.Financial traders shouldn’t have assumed th

Not even tech giants like Alphabet are immune to the economic slowdown, but that doesn't mean you should avoid them.