There must be some reasons why Google slumped despite beating targets. Due consideration should be given not only to Google performance per se but that in comparison to its competitors in industry, especially to a variable that is placed of high importance like the cloud business. No doubt Google has increased 20% in this area but I think performance should be compared to its rival microsoft who also beat earnings estimate yet the share price increased post market as I think mainly due to its cloud businesss that jumped 29% in the quarter beating wall street estimate of 27%.
Alphabet Stock Tumbles: This Is A Buying Opportunity?
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The whole market is an crash for weeks. The recession is there. If google after good earnings goes down 8 per cent, we gonna see bad weeks. Good Luck we all gonna lose money