GOOGL
$GOOGL | WEEKLY WATCHLIST 11/1I alerted a Google long debit spread last week and those printed in the end of the week! Expiration is this Friday so please take caution. Looking to potentially roll profits into a new position depending on how price action looks early in the week. An amazing breakout and reclaim of the longer term daily channel.
Last week, I said it was KEY that we get a daily candle close above the previous ATH level of $2925.04 which we did get. Looking for continuation this week to reach my wave 3 target of $3032 before a short wave 4 retracement and 5th wave higher. Really loving this setup as this leads big tech.
10/31/21 GOOGLAlphabet Inc (Google) Class A ( NASDAQ:GOOGL )
Sector: Technology Services (Internet Software/Services)
Current Price: $2960.92
Breakout price trigger: $2925.00 (hold above)
Buy Zone (Top/Bottom Range): $2900.00-$2815.00
Price Target: $3100.00-$3122.00 (1st), $3390.00-$3425.00 (2nd)
Estimated Duration to Target: 10-11d (1st), 32-35d (2nd)
Contract of Interest: $GOOGL 11/12/21 3000c, $GOOGL 12/17/21 3200c
Trade price as of publish date: $33.50/contract, $24.90/contract
3 ATHs in 1 Week - $GOOGL, $TSLA, $AMD $GOOGL, $TSLA, & $AMD all reached ATHs in 1 Week
$GOOGL - Alphabet
Reported Q3 FY21' earnings yesterday & hit an ATH of $2,925.08/share on 10/27/21
Alphabet is up 66.85% YTD
Returns since IPO in Aug 2004 - 1,670%
Decades of dominance by $GOOGL - along with their record-breaking recent Q3 FY21' earnings & updated Q4 FY21' estimates...
I continue to have a long position on $GOOGL in the long-term
$TSLA - Tesla
Reported Q3 FY21' earnings earlier this week with EPS of $1.86/share beating estimates & Revenue of $13.8B missing estimates
Reported an ATH of $1055.58/share on 10/27/21
Tesla up 47.07% TYD
Returns since IPO in June 2010 up 21,621% (yes thats correct - in 10s of thousands)
Reported 241,300 vehicle deliveries up 73.2% YoY
Plans to achieve 50% vehicle annual growth in vehicle deliveries over a multi-year horizon
Not sure my thoughts on $TLSA even as an owner of shares - with the current state of the supply chain, energy & it's rising costs, ESR movement, & clean energy it's hard for me to say "I absolutely LOVE $TSLA" or "Buy it Now!" - However, I do believe EVs are the future and am very long $TSLA for a long-term investment
$AMD - Advanced Micro Devices
Hit an ATH of $128.30/share on 10/25/21
Reported Q3 FY21' earnings earlier this week with EPS of $0.73/share beating estimates & Revenue of $4.31B beating estimates
Revenue of $4.31B +54% YoY
Advanced Micro Devices up +33.33% YTD
Returns since IPO in Oct 1979 - +3,689%
Q4 revenue estimates raised to $4.6B
Very positive outlook overall - including large raises in Q4 earnings estimates, but also a very volatile stock - given its sector, volume in number of shares traded, % almost "meme" stock status, I am long $TSLA for a long-term investment
Post 10/26 Q3 FY21’ Earnings Analysis$MMM, $AMP, $GOOGL, $GE, $AMD, $COF, $HAS, $V, $TWTR, $UPS, $RTX, $NVS
$MMM - 3M - reported EPS of $2,45/share - beat estimates of $2.21/share - revenue of $8.94B +7.09% YoY
Organic local-currency sales up 6.3% YoY
Operating CF of $1.9B
Adjusted FCF of $1.5B (20%) YoY
Returned $1.4B to shareholders in dividends
Industrial FCF tops estimates
Narrows FY21 EPS outlook - trims full-year earnings view on supply chain challenges
Down (0.09%) after hours
$GOOGL - Google Alphabet Class A - reported EPS of $27.26/share - beat estimates of $19.89/share
Revenue of $53.62B
Top Line growth of 44%
Ad Revenue of $53.13B up 44%
Revenue from Cloud Division of $4.99B up 45%
Reported a $188M gain on investments up 623.1% YoY
Down (0.22%) after hours
$GE - General Electric - reported EPS of $0.57/share - beat estimates of $0.24/share - revenue of $18.43B down (0.5%) YoY
Improvements in FCF performance & growth in earnings - despite weakness in revenues
Bottom Line up 50% YoY
Sales suffered from weakness in Healthcare & Renewable Energy segments - partially offset by gains in Aviation
Organic & Industrial Revenues down (1%) YoY - Aviation Revenues up 10% YoY
Up +0.01% after hours
$AMD - Advanced Micro Devices - reported EPS of $0.73/share - beat estimates of $0.67/share - revenue of $4.31B up 54% YoY
Adjusted Gross Margin of 48% - in line with estimates - up 44% YoY
Capital Expenditures of $85M
Computer/Graphics segment revenue of $2.4B up 44% YoY
Q4 revenue estimates raised to $4.6B
Down (0.41%) after hours
$COF - Capital One - Reported EPS of $4686/share - beat estimates of $4.99/share - revenue of $7.83B +6.1% YoY
Earnings Surprise of 31.42%
Beat consensus EPS estimates past 4 quarters
Revenue rise reflects loan growth
Net credit card charge-offs improved in Sept
Down (4.01%) after hours
$HAS - Hasbro - reported EPS of $1.96/share - beat estimates of $1.70/share - revenue of $1.97B +10.88% YoY
Operating Profit of $367.9M up 9% YoY
Adjusted Operating Profit of $389.6M up 6% YoY
Net Earnings of $253.2M up 15% YoY
Adjusted Net Earnings of $271.2M up 5% YoY
Supply chain challenges weigh on top line
Further reduced debt & maintained a strong cash position - repaid $400M of debt & funded quarterly dividend
Up +1.46% after hours
$V - Visa - reported EPS of $1.62/share - beat estimates of $1.53/share - revenue of $6.56B up 27.45% YoY
Earnings Surprise of 5.88%
Surpassed consensus EPS estimates past 4 quarters
Announce boost in quarterly dividend
Down (2.60%) after hours
$TWTR - Twitter - reported EPS of ($0.54) - missing estimates of $0.02/share - revenue of $1.28B up 37% YoY
Reported a net loss of ($537M) vs. $29M in FY20' due to a legal settlement - does not expect to recoup the full revenue loss
Ad Revenue rose more than 41% YoY to $4.14B up 6% YoY
Number of Monetized users grew by 5M - user base up 13% YoY
Apple's privacy changes to iOS 14 has less of an impact than expected
$UPS - United Parcel Service - reported EPS of $2.71/share - beat estimates of $2.55/share - revenue of $23.18B
US Domestic Package Revenues of $14.2B up 7.4% YoY
Bottom Line up 18.9% YoY with strong performance across all segments
Top Line up 9.2% YoY drive by up beat demand for e-commerce related package deliveries
Operating Profit of $2.97B up 23.4% YoY
Up +0.52% after hours
$RTX - Raytheon Technologies - reported EPS of $1.26/share - beating estimates of $1.08/share - revenue of $16.2B up 7.7% YoY
Sales of $16.2B - missing estimates of $16.9B - up 9.9% YoY
Operating Profit of $1.3B - up 209.5% YoY
Bottom Line up 125% YoY - attributable to higher YoY revenues & operating profit
Newly disclosed quarterly dividend paid $0.51/share on 10/19/21 - represents a $2.04 dividend on an annualized basis
Down (0.46%) after hours
$NVS - Novartis - reported EPS of $1.71/share - beat estimates of $1.64/share - revenue of $13.03B up 6.2% YoY
Net Income of $2.76B up 43% YoY
Net Sales $13,03B up 6% YoY - volume contributed 9 percentage points to sales growth
Down (1.38%) after hours
FXCM FAANG Basket Moves Into Bullish Stack On the DailyThe above chart show's the daily time frame of FXCM's FAANG Basket. We are using a triple EMA system to assess trend. The short-term green EMA > intermediate orange EMA and the intermediate orange EMA> the slow red EMA (blue rectangle). We note that NFLX reported last week and that the rest of the FAANGs (FB, AAPL, AMZN, GOOG) will report this week. Following their respective releases we will assess the basket's EMAs and their angle and separation. If these develop, it will be regarded as bullish, suggesting that a possible bullish momentum push may be underway.
GOOG sold by ARK InvestOn October 20, ARKQ, part of the Ark invest fund lead be Cathie Wood sold 1,858 shares of GOOG, for a total value of 0.2031 of its portfolio.
Most of the time, when Ark starts a sell, it tends to continue it for multiple days.
Was this the top for Alphabet?
My price target is the 2700usd support.
I`m looking forward to read your opinion about it.
Tech Sector Returns - YTD Tech Sector Giants Returns - FY21' - YTD
FB +29.9%
MSFT +43.86%
AMZN +7.21%
GOOGL +86.58%
IMB +13.09%
AAPL +28.32%
With upcoming earnings season, Apple's latest announcement earlier this week, and the holiday season approaching, I continue to have a bullish outlook on the Tech sector overall as FY21' continues.
Elliott Wave View: Alphabet (GOOGL) Pullback Should Find SupportShort-term Elliott wave view in Alphabet (GOOGL) suggests the rally from October 04, 2021 low is unfolding as a 5 waves impulse Elliott Wave structure. Up from wave IV low, with internal subdivision as 5 waves in lesser degree wave (1) ended at 2744.49 and pullback in wave (2) ended at 2688.00. Wave (3) continues higher building 5 swings more which ended at 2808.85 and pullback in wave (4) ended at 2775.00. The last push to complete wave (5) and the first swing up as wave ((1)) finished at 2814.24,
From here, GOOGL has started a pullback that should be the beginning of wave ((2)). Expect wave ((2)) dips to find support in 3, 7, or 11 swing before the rally resumes to continue developing the 5 waves impulse. In lesser degree wave (A) of ((2)) is building one more leg lower to complete it. Then we are calling a corrective structure as wave (B) that should fail for one more drop to complete an (A), (B) and (C) waves correction of wave ((2). Near term, as far as pivot at 2620.65 low stays intact, expect dips to find support in 3, 7, or 11 swing for further upside.
Do you think the "Google Mania" will keep going up? Today we will take a look at GOOGL.
a) Since the bottom of the 2020 pandemic, the price has been on a major rally, gaining more than 150%
b) The basic formations we have been observing are corrective structures ranging from 25 to 40 days before new impulses coming.
c) Currently, we can see a new corrective pattern above the broken ascending channel.
d) If the pattern we have been observing keeps working as in the past, then this should be another situation where a bullish resolution may come.
e) What are our filters? First, the green horizontal line, we will ONLY consider this view as active if the price reaches that level.
f) The invalidation level will be below the current corrective structure. (2600.00)
g) To define targets, we have used Fibo Extensions; we have two levels that can be used as take-profit zones.
h) Based on previous behavior, we can expect a resolution between 100 and 150 days.
Thanks for reading!
Google, 7 OCT - Elliott waves | Gann | Astrology $GOOGAlphabet, as expected, bounced off the 20 week MA (in red), and we closed longs at Gann level 2651. But the count hints at more downside in the mid-term.
Since the ATH, price declined in ABC patterns, so that we can assume a WXY or a complex ABC is unfolding.
If correct, sellers may step in at the 20D MA again. A possible area is the blue box (.618 to .786 Fib).
Ascendant conjuncts natal Jupiter on 9 OCT. The following trading days 11-12 OCT have higher probability for bearish price action. We may watch out for an expansion of volatility again. A short idea could be interesting at that point, however needs further confirmation.
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These abbreviations in the chart describe ideas that are provided as educational information and do not constitute financial advice:
STO = sell to open
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BTO = buy to open
STC = sell to close
TD = Theta Decay (for example a strangle or iron condor)
Disclaimer:
The views and ideas expressed in this analysis are that of the maker. They are provided as educational information and do not constitute financial or trading advice.