Buy AlphabetShort Term Trading Advice by Naranj Capital
Buy Alphabet
● Buy Range- 152 - 155
● Target- 162 - 165
● StopLoss- 147
● Potential Return- 5-6%
● Duration- 14-15 Trading Days
Alphabet
JP Morgan Chase & Co. Hitting The Top The JPMorgan Chase CEO's WSJ was interviewed recently with Wall Street Journal Editor-in-Chief Emma Tucker, for a range of topics.
JPMorgan Chase & Co. Chief Executive Jamie Dimon ranked geopolitics as his top worry and said he's less optimistic about a soft landing than Wall Street in an interview on Thursday.
While Wall Street seems to be betting of a roughly 70% chance of avoiding a recession in a so-called soft landing in the economy, Dimon said he sees the odds about half that.
The green economy, the remilitarization of the world, fiscal deficits and geopolitics are all factors that could keep inflation higher for longer, he said.
"When I look at the range of possible outcomes, you can have that soft landing," Dimon said. "I'm a little more worried it may not be so soft and inflation may not quite go away as people expect. I'm not talking about this year - I'm talking about 2025 or 2026."
While the economy continues to do well for the majority of Americans due to low employment, rising home values and stronger stock prices, the threat of slow growth and inflation - stagflation - from roughly 45 to 50 years ago could return.
"It looks a little bit like the 70s to me," Dimon said. "Things looked pretty rosy in 1972. They were not rosy in 1973. Don't get lulled into a false sense of security."
Dimon said he has "enormous respect" for Jerome Powell when asked whether the Fed chairman is doing a good job as the central bank signals that it's not in a hurry to cut interest rates.
"I think the Fed was probably late in raising rates," Dimon said. "They caught up. They're probably right in watching right now. We don't know what's going to happen. They might as well wait."
Dimon declined to state a preference in presidential candidates and said the bank would work with whomever is in the White House.
Biden's economic policies are working "partially," he said, party due to the huge amounts of economic stimulus such as the Bipartisan infrastructure bill, which Dimon praised.
But the bottom 20% of wage earners in the U.S. continues to struggle.
"If you go to rural America, or inner cities, I'm not sure they feel they're being lifted up by this economy," he said.
He avoids social media but said he pulls up popular destinations such as TikTok once a year to see what's happening on them.
"I am not a fanatic on the phone....I think people should spend a little less time on that and a little more time thinking," Dimon said. "I'm not on any social media."
In technical terms, JPMorgan Chase's stock (JPM) has risen 14.43% so far in 2024 (compared to a 7.48% gain by the S&P500), hit the Upper side of Long-Term upside channel near $200 per share, able to further technical declines.
GOOG Alphabet Options Ahead of EarningsIf you haven`t bought the dip on Alphabet:
Then analyzing the options chain and the chart patterns of GOOG Alphabet prior to the earnings report this week,
I would consider purchasing the 165usd strike price Calls with
an expiration date of 2024-6-21,
for a premium of approximately $5.50.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Google Takes Flight: Soaring Valuation, Strong Earnings, and RewAlphabet Inc., Google's parent company, is experiencing a period of phenomenal growth. The tech giant is on the cusp of a historic milestone – a market capitalization approaching $2 trillion. This achievement comes alongside impressive quarterly earnings that surpassed analyst expectations, solidifying investor confidence. Further sweetening the deal for shareholders, Alphabet recently distributed its first-ever dividend and announced a substantial $70 billion stock buyback plan.
The meteoric rise in market value reflects investor optimism about Google's future. The company's core advertising business remains robust, fueled by the ever-increasing reliance on digital marketing. Google's dominance in search and its expansive network of online properties continue to generate significant advertising revenue. But Google's ambitions extend far beyond traditional advertising.
The company is at the forefront of artificial intelligence (AI) development. Its investments in AI research and applications are paying off, with innovations like Google Assistant and DeepMind showcasing the transformative potential of this technology. AI is being integrated across various Google products, enhancing user experiences and driving new revenue streams.
Another key driver of growth is Google Cloud. This segment, often overshadowed by the advertising juggernaut, is steadily gaining traction. Cloud computing is a rapidly expanding market, and Google Cloud is well-positioned to capture a significant share. With its robust infrastructure, suite of cloud services, and focus on security, Google Cloud is attracting major corporations looking for reliable and scalable solutions.
The recent surge in stock price also reflects the success of Alphabet's first-ever dividend payout. This move signals a shift in the company's strategy, acknowledging the growing base of long-term investors seeking regular returns. The dividend, coupled with the sizable stock buyback program, demonstrates Alphabet's commitment to rewarding shareholders and returning value. The buyback plan will reduce the number of outstanding shares, potentially driving up the stock price further.
However, Google's path to continued dominance isn't without challenges. Regulatory scrutiny over data privacy and antitrust concerns remain significant hurdles. The company faces intense competition from other tech giants like Apple and Amazon, all vying for dominance in the digital landscape. Additionally, the broader market environment could impact Google's performance. Economic downturns or fluctuations in interest rates could dampen investor confidence and affect advertising spending.
Despite these challenges, Google's future appears bright. The company has a proven track record of innovation, a diversified business model, and a strong financial position. With its recent stellar earnings report, soaring market value, and commitment to rewarding shareholders, Google is well-positioned to maintain its position as a tech leader for years to come.
Google Inc. ($GOOG) Stock Surged 10.4% on Earnings Beat In a landmark moment for the tech industry, Alphabet Inc. ( NASDAQ:GOOGL ), the parent company of Google, has surpassed Wall Street's expectations and made history by announcing its inaugural dividend and a staggering $70 billion stock buyback program. The groundbreaking move comes as Google's first-quarter earnings and revenue far exceeded analyst forecasts, igniting investor optimism and propelling Google stock to new heights.
Unprecedented Growth Amidst AI Revolution
Google's remarkable performance in the first quarter of 2024 has reinforced its position as a powerhouse in the tech landscape. With earnings per share soaring by an impressive 61% year-over-year to $1.89, and gross revenue climbing 15% to a staggering $80.54 billion, the company has demonstrated robust growth across its diverse portfolio of businesses. Analysts had anticipated earnings of $1.51 per share on revenue of $78.7 billion, but Google's stellar results surpassed even the most bullish forecasts.
AI-Powered Success Across Business Units
Its thriving cloud computing and YouTube units are fueling Google's stellar performance, which exceeded expectations and showcased the transformative impact of artificial intelligence (AI) innovations. Advertising revenue surged by 13% to $61.66 billion, driven by Google's unmatched data and distribution advantages. YouTube, in particular, reported a remarkable 21% increase in ad revenue, buoyed by the platform's burgeoning subscriber base and expanding content ecosystem.
Market Response and Future Outlook
In the wake of Google's stellar earnings report, NASDAQ:GOOGL stock surged by an impressive 10.4% in early trading, reaching $172.24. Investor sentiment is overwhelmingly positive, with the stock surging with a Relative Strength Index (RSI) of 73 which is within the overbought region. While concerns over capital spending have lingered, particularly amidst intensified competition in the AI landscape, analysts remain bullish on Google's ability to navigate these challenges and sustain its momentum in the years ahead.
Pioneering the Future of Tech
As Google ( NASDAQ:GOOG ) continues to lead the charge in AI-driven innovation, the company's groundbreaking achievements underscore its unwavering commitment to shaping the future of technology. With its visionary leadership, formidable resources, and relentless pursuit of innovation, Google ( NASDAQ:GOOG ) is poised to redefine the boundaries of possibility and create enduring value for shareholders, consumers, and society at large. As the tech giant embarks on this transformative journey, the possibilities are limitless, and the future is undeniably bright.
Short Selling Opportunity In Alphabet (Google)NASDAQ:GOOG
Entry - 158.80/-
Target 1 - 156.68/-
Target 2 - 154.74/-
MACD also indicates a bearish trend.
ALPHAUSDT 1W LONG📈Hi all. Timeframe 1 week. ALPHAUSDT, after falling by 96% for two years, is in the accumulation channel with a step of 154%. Increased buyer volumes. I’m considering picking up spot now, with an unlikely pick-up from the green zone. Also long when the channel breaks out/retests - the trend changes to an upward one. Trading within a local channel in 50% increments is relevant. Marked goals and levels on the chart.
GOOGLE on its 1day MA200 after almost 1 year! Strong buy!Google / GOOG hit today the 1day MA200 for the first time in 11 months (since March 30th 2023).
That makes it a strong technical buy opportunity, also taking into consideration that it did so near the bottom of the 14 month Channel Up.
This is so far a -14.50% decline from the Channel's top, which is the pull-back that the previous bearish wave did.
Buy and target $170.00, which would be a +28% rise, a common rally inside this Channel Up pattern.
Previous chart:
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Google Earnings Analysis: Key Scenarios in Focus 🔑Ahead of Google's upcoming earnings release tomorrow, we turn our attention to the larger framework of Google's chart. Two key scenarios warrant special attention:
Scenario 1️⃣: Completion of Wave IV
The assumption that Wave IV has already concluded at $83.34 suggests we are currently in the midst of the overarching Wave V. The undergraduate wave cycle is approaching its peak as the completion of wave 5. We expect Wave 5 to either reach its maximum at 100%, i.e., $176.44, or reverse at $155, which is just about $1 above our current price level. Following the conclusion of Wave 5/(1), the onset of a Wave (2) is anticipated, likely correcting between 50% and 78.6% of the previous rise, thus between $120 and $99.
Scenario 2️⃣: Continuation of Wave-IV Correction
Alternatively, we might be in the midst of an extended Wave-IV correction, possibly even an overshooting Wave-B correction. This could move between 100% and 138%. Since the 138% level coincides with the 100% mark of the primary scenario, it could be challenging to make a definitive determination should these levels be reached.
GOOGLE Is this sell-off a buy opportunity?Alphabet Inc. (Google/ GOOG) got rejected today on the 1D MA50 (blue trend-line) and it dipped the lowest it has below it since the October 27 2023 Low. That was a Higher Low at the bottom of the 1-year Channel Up pattern.
Technically this decline is following the same pull-back sequence as the June 07 - July 10 2023 pattern. As long as the Channel Up holds or as a measure of last resort, the 1D MA200 (orange trend-line), we will treat this sell-off as a buy opportunity, targeting the 2.236 Fibonacci extension at $168.00, which is where the previous Higher High was priced.
Also keep an eye on the 1D RSI which is piercing the 39.50 symmetrical Support. A break below it means that the stock will be a buy opportunity on the 30.00 oversold RSI barrier regardless.
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#ALPHA/USDT | Ready To Go#ALPHA
The 1-day bearish channel was broken strongly to the upside
Supported by stability above the Moving Average 100
It is supported by a rebound from the green support area on the chart
We also have a positive divergence on the RSI indicator
Entry price is 0.1150
The first target is 0.1253
The second goal is 0.1381
The third goal is 0.1543
Will Google beat the All-Time High Resistance line?Daily chart, the stock has reached a relatively tough resistance zone; All-time High (line HR) and upper channel boarder resistance (line R).. So, be careful!
Breaking out, and stabilizing above the R, the target will be 183, then 222
Stop loss below the line SL
Alphabet, Google, to target 152On the daily chart, Alphabet, Google positive technical indicators RSI and MACD , for higher targets 138, up to 152
Meantime, note the previous resistance at the level 152.
Alphabet - Wait For The RetestHello Traders, welcome to today's analysis of Alphabet.
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Explanation of my video analysis:
Back in 2012 Alphabet created a beautiful triangle formation and after we saw the breakout Alphabet pumped more than +750% towards the upside. At the moment Alphabet is creating a solid resistance area at the $150 level. If we get a retest of the bullish trendline which I mentioned in the analysis, I am looking for longs and eventually new all time highs.
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I will only take a trade if all the rules of my strategy are satisfied.
Let me know in the comment section below if you have any questions.
Keep your long term vision.
GOOGLE Will it get sold after the Earnings?Alphabet Inc. (Google/ GOOG) is reporting Earnings today and the focus is whether or not they can keep fueling this strong multi-weak rally or cause a correction. Last time we looked into this stock (November 27 2023, see chart below), we gave a pull-back buy signal, which easily hit the 145.00 target:
The price is still on the latest Bullish Leg of the 1-year Channel Up pattern, but is getting very close to its top (Higher Highs trend-line). Having a vastly overbought RSI on the 1D time-frame, which in fact is about to reach 80.00, the level which formed the May 22 2023 RSI top, is starting to call for a medium-term sell.
What we are basically looking for is for a 1D RSI Bearish Divergence like the one in late May 2023. More specifically, if the RSI gets rejected now around 80.00, we will wait for it to form a Lower High and short it, if the price remains on Higher Highs, which was what happened on June 06 2023 and was a 1D RSI Bearish Divergence. Ideally we would prefer the price to be above the 1.786 Fibonacci extension level by then. The sell's Target will be $148.50, preferably marginally below the 1D MA50 (blue trend-line).
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$GOOG: LATERALISATION?I will enter for a swing around 141... waiting for a lateralisation and a touch of the bottom BB.
The past is history the future is a mystery
👋 Alphabet Inc (Google) — Bear Trap EscapeAmerican company Alphabet Inc. two days before has published a quartrely statement and announced an increase in net profit and revenue in the second quarter ended in June.
In addition, the company said its chief financial officer, Ruth Porat, will take over as president and chief investment officer of Alphabet and Google from September 1, 2023.
At the same time, Porat will temporarily remain as CFO of Alphabet and Google until her successor is found.
The company reported net income of $18.4 billion, or $1.44 per share, compared to $16 billion, or $1.21 per share, a year earlier.
Revenue, meanwhile, rose from $69.7 billion a year earlier to $74.6 billion, also above the market's forecast of $62.06 billion. Cloud revenue was up 28% year-over-year.
Comments by Sundar Pichai, CEO of Alphabet and Google:
“Our products and company performed well this quarter. Our continued leadership in artificial intelligence and our excellence in engineering and innovation are driving the next evolution of Search and improving all of our services.
With 15 products serving half a billion people each, and 6 of them serving more than two billion people, we have a lot of opportunities.”
Comments by Ruth Porat, Chief Financial Officer of Alphabet and Google:
“Our financial results reflect continued resilience in search with accelerating revenue growth in both search and YouTube, as well as momentum in the cloud.
We continue to invest for growth while prioritizing our efforts to long-term reorganize our company-wide cost base and build the capacity to deliver sustainable value over the long term.”
As announced on April 20, 2023, the Company has merged part of Google Research (the Brain team) and DeepMind to significantly accelerate advances in artificial intelligence (AI).
A group called Google DeepMind is reflected in Alphabet's unallocated corporate expenses starting in the second quarter of 2023.
Shares of Google rose more than 6 percent in premarket trading on Wednesday, with a lot of room for further gains.
Technical pictures indicates that major breakout of $125 resistance is happening right now, hitching the price above the neckline in reversed Head and Shoulders chart pattern structure.
GOOG Stock Poised for ATHs as Market ReboundsGoogle parent company Alphabet Inc.'s (GOOG) stock is poised to reach all-time highs (ATHs) as the broader market rebounds from recent sell-offs. The company's strong fundamentals, including its dominant position in the online advertising market, its growing cloud computing business, and its expanding hardware offerings, make it well-positioned for continued growth in the years to come.
In addition, GOOG's recent stock buyback program and its commitment to returning value to shareholders through dividends are also likely to support the stock price. With the market on the upswing, GOOG is a compelling buy-and-hold investment for long-term & short-term investors.
This is not an investment advice do your own DD.
Alphabet's Breakup with Appen Sends Shockwaves In a surprising move, Alphabet, Google's parent company ( NASDAQ:GOOG ), has severed all ties with Appen, the Australian artificial intelligence (AI) data firm that played a crucial role in training Google's chatbot Bard, refining Google Search results, and contributing to other AI products. The termination, set to take effect on March 19, was communicated to Appen over the weekend, following a strategic review process. Alphabet's decision, accounting for approximately one-third of Appen's revenue, is expected to impact at least two thousand subcontracted Alphabet workers.
Appen's Role and Struggles:
Appen, with a rich history spanning nearly 30 years, has faced challenges in recent times, including a loss of customers, executive departures, and declining financials. Despite boasting an impressive client list that includes Microsoft, Meta, Apple, Adobe, Google, and Amazon, the company has struggled to adapt to the evolving landscape of generative AI tools. Its revenue plummeted by 30% in 2023, following a 13% decline the previous year, which the company attributes to "challenging external operating and macro conditions."
Financial Impact:
Alphabet's decision to terminate its contract with Appen is a significant blow, as the tech giant contributed $82.8 million to Appen's $273 million in sales for the year 2023. With the stock trading at around 28 Australian cents, down more than 99% from its peak in August 2020, Appen faces a critical juncture in its future.
Labor Disputes:
The Alphabet-Appen relationship has not been without its challenges, including a historical dispute about wages. In 2019, Google ( NASDAQ:GOOG ) set a minimum wage requirement of $15 per hour for its contractors, a standard that Appen reportedly failed to meet. This led to conflicts and public letters from workers. Despite efforts to address labor concerns, Appen faced charges from the U.S. National Labor Relations Board in June for allegedly firing six freelancers who spoke out about workplace conditions. The workers were eventually reinstated.
Future Outlook:
In response to the termination of the Alphabet contract, Appen has announced a strategic shift, focusing on managing costs, turning the business around, and ensuring the provision of high-quality AI data to its remaining clients. The company plans to provide further details on its revised strategic priorities in its full-year results announcement on February 27, 2024.
Conclusion:
Alphabet's decision to sever ties with Appen has sent shockwaves through the AI industry, highlighting the challenges faced by even established players in the rapidly evolving technology landscape. As Appen grapples with financial difficulties and labor issues, the industry watches closely to see how the company will navigate this turning point and reshape its future in the competitive AI market.
GOOGL setup is nowTechnical
a standard price action pattern:
trend A - sideways adjustment structure with more than 2 test- trend B is forming
the trend at higher timeframe is still bullish with meters being green
Fundamental
Numerator Side
Not quite promising but still positive. The expected growth on earnings and revenue are slightly lower than average of its industry. Won't be a boost but in fact no accident is the best thing to expect for FAANG stocks
Denominator Side
With the discount rate decreased by 75 to 100 bp, the valuation will be cheaper compared to the overvalued price now.
More importantly, don't forget about the mid and micro companies that can finance with lower WACCs are the base revenue contributors for Alphabet.
Alphabet - Watch The All Time HighHello Traders, welcome to today's analysis of Alphabet.
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Explanation of my video analysis:
In 2011 Alphabet stock broke out of a beautiful triangle continuation pattern and created a rally of more than +800%. This pump was followed by a retracement all the way back to the support trendline of 2011. Alphabet is currently creating a triangle formation and if we see a pullback to the uptrendline which I mentioned in the video analysis, I am looking for potential long setups.
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I will only take a trade if all the rules of my strategy are satisfied.
Let me know in the comment section below if you have any questions.
Keep your long term vision.
Navigating Google's Strategic Shift: Job Cuts and AI Ambitions
In a move to streamline operations and cut costs, Google has recently announced significant layoffs across multiple teams, impacting its Voice Assistant, hardware division responsible for Pixel, Nest, and Fitbit, as well as the augmented reality (AR) team. Fitbit co-founders James Park and Eric Friedman are also leaving the company, marking a notable development since Google's acquisition of Fitbit for $2.1 billion in 2021.
The Tech Giant's Restructuring:
Google's spokesperson confirmed that the layoffs are part of a broader effort to enhance efficiency, align resources with product priorities, and adapt to the evolving tech landscape. While the spokesperson did not disclose specific numbers, reports indicate that hundreds of roles are affected, raising questions about the scale of the restructuring.
AI Ambitions and the Generative AI Trend:
The restructuring coincides with Google's ongoing investment in generative artificial intelligence (AI) technology. The company had previously announced plans to integrate generative AI capabilities into its virtual assistant, a move that aligns with industry trends following the success of OpenAI's ChatGPT. The growing focus on AI underscores Google's commitment to staying at the forefront of technological innovation.
Market Resilience Amidst Challenges:
Despite the organizational changes and layoffs, Alphabet's technical analysis suggests a positive outlook. Alphabet C is currently in a rising trend channel in the medium to long term, indicating investor confidence. The stock has broken through resistance at $142, signaling potential for further growth. Additionally, NASDAQ:GOOG is trading near the top of its 52-week range and above its 200-day simple moving average, demonstrating market resilience and maintaining upward momentum.
Strategic Shifts in the Tech Landscape:
The restructuring efforts at Google are not isolated incidents in the tech industry. Major players like Microsoft have also been adapting to the changing landscape, with a focus on generative AI technology. The broader shift highlights the industry's ongoing evolution and the need for companies to remain agile in the face of emerging technologies and market dynamics.
Alphabet's Overall Workforce Impact:
The recent layoffs follow Alphabet's announcement in January 2023, detailing plans to cut 12,000 jobs, equivalent to 6% of its global workforce. As of September 2023, Alphabet had 182,381 employees globally. The strategic workforce reductions are part of Alphabet's broader strategy to optimize operations, enhance efficiency, and position itself for sustained growth.
Conclusion:
Google's recent organizational changes and workforce reductions reflect the company's commitment to adapting to the fast-paced tech landscape. Despite challenges, the positive technical analysis suggests investor confidence in Alphabet's strategic direction. As Google continues to invest in generative AI and reorganize its teams, the market will closely watch how these strategic shifts position the tech giant for future success in an ever-evolving industry.
GOOGLE: Strong buy for $155.Google opened today under the 1D MA50, neutral on its 1D technical outlook (RSI = 48.601, MACD = -0.240, ADX = 32.196). Through out 2023, a 1D RSI value below 50.000 has been a buy opportunity and even more so now that the price is near the bottom of the twelve month Channel Up. This consolidation during the last Bullish Leg of the Channel Up (April 6th - May 5th), was the last buy opportunity before the stock resumed the rise and peaked over the 1.618 Fibonacci level for a HH. We are buying again on GOOG, this time aiming over its All Time High, exactly on the 1.618 Fibonacci (TP = 155.00).
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