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Alphabet

Two Giants on the Same dayGOOGLE and AMAZON  On Wall Street, the USA500 closed 3.1% for the worse, and the tech-laden USA100 with a 4.6% loss. Corporate earnings and guidance have been flagging the nascent signs of a deteriorating business environment and outlook risks. As investors are loosing there faith in stock market, there pressure has moved to today's earnings reports, as  two of the industry leaders Amazon and Google parent Alphabet, along with Twitter, will release their earnings reports for the fiscal Quarter ending Sep 2018, after today's closing bell on Wall Street. Amazon and Google chart Alphabet(Google) Alphabet Inc. is a holding company and Google's parent company. The Company's businesses include Google Inc. (which is the largest one) and its Internet products, such as Access, Calico, CapitalG, GV, Nest, Verily, Waymo and X. The Company's segments include Google and Other Bets. Alphabet's third Quarter earnings for 2018 will be reported after the US Market close today. The consensus recommendation for the company is “strong buy”, corresponding to the majority of the consensus recommendation for the Online Services peer group , as 23 out of 29 Analyst Firms recommending “buy” or “Strong buy” and 2 suggest remaining on hold, while just 4 Analyst firms propose the “Buy” possibility. Hence no Analyst Firms is making  a "Sell" or "underperform" recommendation for the company. According to Zacks Investment Research, the information service is expected to have $10.43 in earnings per share during the third Quarter of 2018, which represents a yearly change of 8.7%, since the reported EPS for the fiscal Quarter ending September 2017 was $9.57. Focus should also turn on revenues number which is projected to hit 22.6% yoy rise, to around $34.04 billion, from the $27.77 billion reported last year. The Alphabet has faced some serious difficulties the 2nd Quarter, as EU commission accused the company for anticompetitive methods regarding its mobile search engine. The company was fined by 5.1 Billions by the EU, which it manage to handle but it also proceed in an appeal despite the fact that it already took the charge. Despite the pressure during the 2nd quarter, over the next five years, the search giant’s quarterly profits are expected to continue rising. The earnings expected to grow at an average annual rate of 17.37%, with the current year projection for EPS reaching 22.80%. However, worries regarding another government intervention still hold. This in combination with the sharp decline we have seen in tech stocks the last 3 months, raise concerns whether company's earnings will manage to reach consensus. At this stage, we have to point out that, the consensus recommendation, similarly to economic data forecasts, has a significant effect on the near term stock price, as it represents a company’s wealth picture. Hence on every earning report, stock price is highly influenced by the comparison between the outcome and the expectations. The market tends to react positively if the outcome comes better or at least in line with forecast, while the price moves lower if the reported earnings miss expectations. Since September 2017, the company’s earnings missed expectations only once and positively surprised three times. Despite any missed earnings expectations, Google stock price was seen continuously increasing until it reached $1,272.36 high in July 1. The 4-years incline was affected by the increase of sales estimates and the general constant growth of Alphabet Inc. The fall however, since the earnings report release for the fiscal Quarter ending June 2018 was driven by the miss on earnings, EU fine and global tech sell-off. The sell-off still holds sharply, concerns that earnings momentum is levelling off and that tighter financial conditions, coupled with ongoing trade tensions are hitting the global growth outlook, are prompting investors to rethink lofty equity valuations. These caused the price to drop by nearly $222.00, to $1051.53.00 level since July peak. After the sharp drop by 17.16% down, the past 3 months, a decisive turn above $1,160.00 - $1,169.00 area, could turn the attention to the northwards again. This area is significant as it coincides with 50% return of the losses seen since July, with the 50-day SMA and 20-week SMA. Hence if price action manages to sustain a move above this area, is likely to turn towards $1,230.00 (61.8% Fib. level). A move higher could take the asset towards the 100% Fibonacci extension at the $1,330.00. For now, the sell-off sentiment continues to push stock price lower, just a breath away from the ascending trend-line set since June 2015 low and seems to fully support the asset since then. The trend-line coincides with the 20-month SMA, at $1,036.00 which provides the immediate Support level for the asset. An extension lower could be supported by April's low at $1,007.00 Technically, the medium term outlook for the corporation’s shares remains strongly bearish, with trading activity taking place below all daily MAs and below 20-and 50- week MAs, while momentum indicators comply with this as well. Weekly RSI is at 37 and falling, suggesting that there is further space to the downside. MACD lines are at neutral zone below signal line. NASDAQ:GOOGL Amazon: The consensus recommendation for the company is “Strong buy”, which matches the majority consensus recommendation for the Software peer group (29/33). Amazon is expected to post $3.29 earnings per share and a revenue of $57.0 billion, which reflect to a huge increase of more than 500% on earning and a 30.2% grow on revenue on a year-over-year basis.  According to Refinitiv, Amazon is expected by analysts to report a September-quarter non-GAAP net profit of $1.54 billion, compared to just $256 million a year ago. The company’s earnings beat robustly expectations in the last 4 Quarters and it is expected to do it today as well despite the fall by 12% seen this month. There is nearly nothing to point conversely, as the 3rd Quarter was a good one for Amazon, as it manage to join Apple into the $1 trillion Market value club. During 3rd Quarter, the company will also include once of its largest shopping events, the Prime Day, which is expected to boost the quarterly revenue along with its subscription number. Despite estimates put the giant’s earnings to post another massive growth report, the fall by 18.37% seen since $2,050.00 push Amazon's stock price further to the downside. Taking a technical look at Amazon's stock, the drop of daily RSI and the increase of MACD oscillator further to the downside is pointing to a bearish medium-term picture. In the medium-term, the asset crossed below 20-week SMA 3 weeks ago, while it is moving below 20- and 50-day SMA and just $9 above 200-day SMA. The price movement suggest further bias towards bearish. Therefore the extension lower for Amazon price, prior to the earnings announcement or even disappointing earnings outcome, could find immediate Support at the $1,618.00 – $1,628.00 area, which is between the 61.8% Fib. level and the 61.8% fib. extension set since April's bottom. A break of this area however is crucial as it is a “free fall” from that level downwards. Support could possibly occur around 50-week SMA, at the $1,581.00, and the $1.504.60, which coincides with the 78.6% Fibonacci level of the rally from $1,358.00 low. Conversely, immediate Resistance to a falling stock on the back of a rebound could occur around the latest up fractal which also the mid of 2-month decline, at $1,860.00. A move above the latter is likely to restore the bullish outlook, with the shares eyeing at record high, at $2,050.00 again. NASDAQ:AMZN Andria Pichidi Market Analyst HotForex Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. 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NASDAQ:GOOG
by HotForex
Expect google to reveal positive earnings!October 25th google will post their earnings; I expect that they will be positive (along with many other leading tech sector companies). This will lead to one last rally in the market. I indicated on the chart where I see Google reaching out to, prior to a massive throw over following shortly after. One second the whole market will be elated by new highs and the next second bear selling will completely devastate any that are holding longs. I will likely close my position slightly ahead of target and begin opening shorts around 1450 and double down as we get closer to target. I know my perspective is that of a minority, but I believe that it is worth considering before fully committing to a bearish mindset. *As always this is not financial advice and is intended for educational purposes only. Let me know what your thoughts are on the market and where you see us heading! Good luck trading, Zerotozeros12
NASDAQ:GOOGLong
by zerotozeros12
Alphabet Inc., Daily Chart Analysis 9/12Stock Analysis, Implications and Outlook It's a proven fact that investors and traders have been swimming in a long bull stock market. Together with extreme caution to the wind, way too many investors and traders have learned to expect robust double-digit results from their trades. However, this isn't how the stock market operates. The marketplace advances it also contract as well. With lots of investors and traders discovering that they've been a tad too quick to ignore the painful lessons of the 2008 financial meltdown. Throughout the severe financial and economic crash, there seemed to be only one question which often market players were considering to know: what is the balance sheet really like? Having said this all, Alphabet unveiled its Q2 2018 earnings on 23 of July. The participants, in the beginning, welcomed its good results with much excitement and its stock rallied post-earnings solidly by completing the inner Stock Rally of $1273 . Then, ever since, its stock price has deflated and given back plenty of its gains, and at the same time significantly underperformed its NASDAQ benchmark within the previous month. By validating the negative sentiment, the stock has completed decline to its outer Stock Dip $1160 . This signalizes a slower rising rate, but may also be an early warning about a possible up-trend shift and rapid rise to Mean Resistance of $1207 price level ( Scenario 1 ), while Key Resistance $1250 is looming above. Due to completion of the Stock Dip, and performing small dead-cat-bounce act there could be additional decline to test Mean Support $1139 ( Scenario 2 ). A reaction to this level may hold a great opportunity to go long.
NASDAQ:GOOG
by TradingSig
GOOG: AlphaBet A Defining Day Ahead AlphaBet GOOG Defining Day Ahead This turned a little tricky on Friday. A mean/invisible gap on the 15 minute chart and not even there on the 60 minute completely arrested the decline fully 8 bucks above the 1180.85 target line. The stop was then lowered to 1201 to protect what was left of the profit from any shorts from the 1206.28 line - the original gap line. The mofo then rallied right back up to kiss the gap line again and left a little spike at the line before falling back again. Looking at the chart in isolation this still looks bearish and it should fall away to make a proper test of the 1180.85 line. But it's going to move on news and right now in very near term hopes of a peace deal with China on trade could help GOOG gap up on the open and to jump the 1206.28 line in one bound. If so it has to hold up from there on any retest. Only then will Goog (and markets too) be out of clear and present danger. That looks best case scenario from here... As the chart currently stands Goog will remain vulnerable whilst trapped below the 1206.28 gap line. Whilst unable to break and hold above here then markets should also find difficulty in advancing further from this point. It's still weak whilst trapped inside the channel shown on the chart. Maybe it will open just around the gap line and maybe twitch either side for a little while - which way it breaks from there will be most likely decide the direction of major markets too. But on an overall view, this ended last weak looking weak still. Its only way out from here is to gap up and hold above that key gap line on retests. Right now GOOG looks like it will continue to be the bellweather for markets in general, the canary in the mine. Hopefully it will help to determine direction for Nasdaq and SandP and other majors and be as helpful as a confirming signal as it has tended to be in the past. For fastest updates on stocks and major markets please see link at top-left of main page.
NASDAQ:GOOG
by sumastardon
Trading Strategy for Parabolic Markets [Part 2]In Part 1 I outlined an approach that I have been working on that's aimed towards trading parabolic markets. Now we look at some trades! Amazon Daily Notes: Hyperwave Phase 4 if it supports throwback to prior ATH’ | 10 MA > 50 MA > 200 MA | Daily ADX recently crossed 25 | Weekly ADX = 37 and is currently crossing +DI | Daily RSI = 61.46 & Weekly RSI = 74.78 | Cluster of support at $1,720 from: prior horizontal resistance, 50 day MA, phase 4 hyperwave, the weekly and daily TDST levels, weekly Tenkan-Sen and the daily Ichimoku Cloud. Q-2 Earnings Report: Expected earnings per share: $2.49 vs $5.07 actual earnings per share for a +103% surprise. Time Analysis: Horizontal meets trend on 8/6/18 Possible Entries: Blind order at $1,720 | Buying consolidation at horizontal + trend + 50 MA + cloud support | Waiting for green 2 to trade above green 1 on the daily Microsoft Weekly Notes: If it supports throwback to prior ATH’ then phase 3 is confirmed | 10 MA > 50 MA > 200 MA | ADX > 25 | Weekly RSI = 71.14 | Daily RSI = 59 | Cluster of support at $102 from: prior horizontal resistance, 50 day MA, phase 4 hyperwave, daily and weekly TDST levels, weekly Tenkan-Sen and the daily Ichimoku Cloud. Q-2 Earnings Report: Expected earnings per share: $1.07 vs $1.13 actual for a +5.61% surprise. Time Analysis: Trend meets horizontal support on 8/10 Possible Entries: Blind order at $103 | Buying consolidation at horizontal + trend + 50 MA + cloud support | Waiting for green 2 to trade above green 1 on the daily. Risk: 5.31% Potential Return: +92.5% Risk:Reward = 18.5:1 Alphabet Notes: Tyler Jenks said that he is waiting for new ATH, throwback and new ATH to confirm phase 4 of the hyperwave (pink dotted) | 10 MA > 50 MA > 200 MA | Support cluster at $1,196 from: prior horizontal resistance, phase 4 of the hyperwave, daily and weekly TDST level, weekly Tenkan-Sen & Kijun-Sen and daily cloud. Q-2 Earnings Report: Expected earnings per share: $9.45 vs $11.75 actual earnings per share for a +24.34% surprise. Better than expected earnings despite $5B fine. $32.66B in Q-2 revenue vs $26.01B during Q-2 of 2017. Expected: $6.7B income on $25.6B in revenue. $8.27B in revenue and $4.54 earnings per share. Time Analysis: Horizontal support meets hyperwave on 9/17 | Green 3 > Green 2 on the weekly indicates 6 weeks left to the upside. Possible Entries: Blind order at $1,198. Buy consolidation with reversal candles at support cluster. Wait for green 2 to trade above a green 1 on the daily. Risk: 10.5% Potential for return: +92.5% Risk:Reward = 8.8:1 The Boeing Company Notes: Hyperwave phase 4 | 10 MA > 50 MA > 200 MA | ADX < 20 while price consolidates inside triangle | Currently getting support from daily cloud and 50 day MA | Weekly RSI = 64 | Daily RSI = 55.61 Q-2 Earnings Call: Expected earnings per share: $3.45 vs $3.33 actual earnings per share for a -3.48% surprise. $4.7B of operating cash and repurchased $3.0B of Boeing stock. Paid $1B in dividends, reflecting a 20% increase from last year. Q-2 Revenue = $24.3B with a higher volume of commercial deliveries and a favorable mix of services and defense contracts. Time Analysis: Triangle will be 66% completed on 10/30 and that is the most likely time for a breakout to occur. Possible Entries: Breakout of $380 that is supported by volume | Throwback to $380 on decreasing volume | Green 2 > Green 1 after breaking out from $380 Risk: 9.16% Potential Reward: If triangle is a bull flag and 9/5/16 to 2/12/18 is the pole then the target = $617 or +64.53% Risk:reward = 9.16%:64.53% Saved the best for last and ran out of room. Will have to make this a three part post.
NYSE:BALong
by Sawcruhteez
Alphabet Inc Class A | MAXOUT your SHARES - WAVE IN ACTIONThe partnership between Google and HTC will have several HTC employees join Google's growing hardware division. Google also announced it acquired non-exclusive rights to some of HTC's intellectual property in a separate deal. Upcoming products by Google will generate enough sale to boost revenue by 100% from Bottom by the end of this Fiscal year, this October 4th, a new segment by Google will be released under the name of "Pixel 2" and "Pixel 2 XL" the main focus here is to gather more information about the new upcoming products because they are expected to heal the previous wounds on Alphabet Inc we'll be updating you with more information as they strikes in, Let us know in the comment what you think!
NASDAQ:GOOGLLong
by BloomFisher
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