To The Moon

🌟🌟🌟Double Happiness in the US market s - New President Elect Trump and Feds Rate Cut! That is the perfect recipe for the US markets to rise. Google$Alphabet(GOOGL)$ has risen 2.4% on Thursday trading and a nice 6.3% in the past 5 days. Donald Trump's decisive win on Tuesday is great news for Big Tech especially Google. CEO Sundar Pichai congratulated Trump on his victory and said that the US is in a golden age of American innovation and commited to working with Trump's administration to help bring benefits to everyone. Donald Trump has expressed reluctance about breaking up Google. Google is currently facing 2 Justice Department Antitrust cases. One case is targeting its online search business and another case is focused on its digital advertising business. With Trump in office, he would be able to control the Justice Department 's decision on the remedies phase of the 2 Antitrust cases and hopefully stop the selloff of parts of Google' s business. On October 30, Google reported a sterling set of Q3 24 Earnings. Consolidated Google's revenues in the quarter increased 15% or 16% in constant currency, year over year to USD 88.3 billion, reflecting strong momentum across the business. Google Services revenues increased 13% to USD 76.5 billion, led by strength across Google Search, Google subscriptions, platforms, devices and YouTube ads. Google Cloud revenues increased 35% to USD 11.4 billion, led by accelerated growth in Google Cloud Platform across AI Infrastructure, Generative AI Solutions and core Google Cloud Platform products. Google's Total Operating Income increased 34% and operating margin percent increased by 4.5% to 32%. Net income increased 34% and Earnings Per Share (EPS) increased 37% to USD 2.12. This has surpassed Analysts expectations of USD 1.83 per share by almost 16%. More impressively, Google's Q3 earnings soared 37% from USD 1.55 per share in the previous year quarter. Google has now surpassed the Zacks EPS Consensus for 7 consecutive quarters, posting an average earnings surprise of 11.84% in the last 4 quarterly reports. Among the Magnificent 7 stocks, Google has the cheapest forward P/E valuation of 23.98 times. In contrast Tesla's P/E ratio is 81.41 while Nvidia's P/E ratio is 69.92. Google is firing on all cylinders with its commitment to innovation, long term focus and investment in AI paying off with consumers and partners benefiting from its AI tools. In Google Search, its new AI features are expanding what people can search for and how they search for it. In Google Cloud, its AI solutions are helping drive deeper product adoption with existing customers, attract new customers and win larger deals. YouTube's total ads and subscription revenues surpassed USD 50 billion over the past 4 quarters for the first time. Google's Other Bets include its life sciences unit Verily and Waymo. In Q3 24 this unit reported USD 388 million in revenue, up from USD 297 million in previous year quarter. On November 1, Waymo which is Google's autonomous driving unit was valued at more than USD 45 billion, including its latest round of financing. Waymo has come to symbolise progress in self driving vehicles technology that is now spreading rapidly. Waymo is expanding the number of rides it offers in cities such as San Francisco and Phoenix, delivering more than 150,000 paid trips per week. Waymo is part of a large group of companies pursuing Robotaxi services in the US. It is ahead of Tesla which has yet to start the Robotaxi services. Google has also announced a cash dividend of 20 cents per share in Q3 24. This is the 2nd time it has done so since it announced its first ever dividend on April 25 2024. I have invested in Google since 2022 and in that time I have seen it dropped below USD 100. But I believe that Google is a great company to invest in and my faith in Google has rewarded me with great capital growth so far as I am currently up 56%. Wall Street Analysts are bullish on Google with a Buy rating, Average Target price of USD 207.75. This is an upside potential of 15% according to Tipranks. Compared to the other Magnificent 7 stocks, I believe that Google still has lots of exponential growth ahead and offers great value for my money. Investing does not have to be complicated. Just Buy and Hold Great stocks like Google and reap the rewards of capital growth in the long term. @Daily_Discussion @TigerStars @Tiger_comments @Tiger_Earnings @MillionaireTiger @CaptainTiger