GOOGL / Google (Alphabet Inc) - Idea Ihey guys…
Yearly: Bullish Engulfing
-> 165 178 and 186 as well as 200 are important zones to watch.
Quarterly:
Very Bullish Candle
-> Expecting a bit of Profit taking here to give a chance to reload.
-> invalid above 186
-> Stochastic is OB
Monthly: Only a little bit of bullish gains compared to previous candles.
-> Stochastic is Overbought and showing signs of making a lower high.
-> Trend is bullish but we could see some profit taking soon.
186 line is a strong resistance, strong support at 173 - 178 , 165-170
3D Ascending triangle formation,
-> Stochastic OB since March
-> Neutral market until a break of the structure.
thanks for reading
NVIDIA 176% YTD GAINS 2024 NASDAQ:NVDA 🚀 NVIDIA’s Stellar Ascent: A 176% YTD Surge! 🚀
In the high-stakes world of tech stocks, NVIDIA has emerged as the year’s undisputed champion, boasting a jaw-dropping 176% increase in its stock price year-to-date. Here’s a snapshot of why NVIDIA is the talk of Wall Street:
Market Cap Milestone: NVIDIA has not only skyrocketed in stock value but also achieved a monumental market cap of $3.335 trillion, surpassing tech giants like Microsoft to become the most valued company in the world.
Stock Split Magic: The company’s recent 10-for-1 stock split has made its shares more accessible to a broader range of investors, fueling the fire of its already impressive rally.
Generative AI Gold Rush: NVIDIA sits at the forefront of the generative AI revolution, with its GPUs being the powerhouse behind the scenes. This sector is projected to reach a staggering $967.6 billion by 2032, and NVIDIA’s leading-edge technology is poised to reap the benefits.
ETF Rebalance: A leading tech ETF has shifted its balance, significantly increasing its stake in NVIDIA. This strategic move involves a massive $23 billion stake exchange, highlighting the confidence investors have in NVIDIA’s future.
Wall Street’s Vote of Confidence: Analysts are bullish, with predictions that NVIDIA’s stock could soar to $200. The consensus is clear: NVIDIA is expected to dominate the computing market for the next decade.
Trade Idea: Long on Baidu (BIDU) Overview:
Baidu (BIDU), a leading Chinese tech giant, is currently sitting at multi-year lows. Despite the broader Chinese economy facing challenges, Baidu presents a compelling opportunity due to its strong correlation with the overall Chinese market. The attached chart highlights this correlation, showing BIDU's performance in tandem with the Chinese economy's trends.
Valuation Comparison:
In a market where NVIDIA’s valuation surpasses the combined worth of Germany's and General Motors', opportunities in the Chinese market appear more reasonable. Baidu, with its substantial undervaluation, offers a potential upside that is hard to ignore.
Technological Edge:
A recent study by International Data Corporation (IDC) underscores Baidu's prowess in generative artificial intelligence (GenAI). Baidu’s Wenxin Yiyan and Wenxin Yige, comparable to ChatGPT and Midjourney, respectively, outperformed in categories like question-and-answer comprehension, reasoning, creative expression, mathematics, and coding. This technological advantage positions Baidu as a leader in AI, a crucial growth sector.
Conclusion:
With Baidu trading at significant lows and its robust performance in GenAI, the company is poised for potential growth. The Chinese market, despite its current economic hurdles, offers more attractive valuations compared to the overheated US tech market. This creates a strategic entry point for long positions in BIDU.
This overview provides a snapshot of Baidu’s potential as a strategic investment. If you’re interested in a deeper analysis, drop a comment below, and I’ll prepare a more detailed breakdown.
Trading is like a game of Monopoly—there's strategy, luck, and sometimes you end up in jail! 🎲 Always consult with a financial advisor and do your own research before making any big moves.
A beautiful setup is approaching for GOOGL!🔉Sound on!🔉
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$GME 27 AFTER EARNINGS !!NYSE:GME 27 AFTER EARNINGS !!
Improved Net Income and Turnaround Efforts:
GameStop turned a net profit in 2023 for the first time since 2017, indicating a significant improvement in its financial performance. The company's ability to continue generating a net profit and restoring positive free cash flow is crucial for its turnaround and could boost
investor confidence, potentially driving the stock price up.
Revenue per Employee: GameStop is producing the second-most revenue per employee in the Specialty Retail industry among companies with over $1 billion market cap and over 1,000 employees. This high revenue efficiency could be a positive signal for investors, as it suggests the company is effectively utilizing its workforce to generate sales.
Share Buybacks: GameStop's increased EDGAR activity in April 2024 might indicate the company has been actively buying back shares.
Share buybacks can reduce the number of outstanding shares, potentially increasing the value of each remaining share and driving up the stock price.
New Investment Policy: The company's board approved a new investment policy that permits GameStop to invest in equity securities, among other investments. This new policy could lead to new revenue streams or strategic partnerships, which might positively impact the company's stock price.
Market Sentiment: The stock has been volatile in the past, with significant price movements driven by retail investor interest and short squeezes. Positive earnings results could trigger a renewed interest from retail investors, potentially driving up the stock price.
Product Expansion: GameStop is known for its video game-related products. However, tweets mention the company's expansion into other areas such as controllers, wall chargers, keyboards, and headsets. This diversification could attract new customers and increase sales.
Clearance Sales: Encouraging customers to purchase clearance items can help GameStop improve its revenue. This strategy could be part of the company's efforts to manage inventory and boost sales.
$TM 220 - 240 - 25O AFTER EARNINGS ?NYSE:TM 220 - 240 - 25O AFTER EARNINGS ?
6 REASONS !!
Strong Quarterly Earnings: Toyota has shown strong financial performance in the recent past, with its profit in the latest quarter jumping nearly threefold from a year ago as vehicle sales grew globally. This indicates a strong demand for Toyota's vehicles and the company's ability to capitalize on this demand, which could positively impact its stock price.
Increased Net Profit Forecast: Toyota ramped up its annual net profit forecast to $26.1 billion after reporting it more than doubled in the first six months of the year. This indicates the company's confidence in its future performance, which could boost investor confidence and drive up the stock price.
Record High Stock Price: Toyota's shares hit a record high after reporting strong earnings and raising its fiscal-year earnings forecast. This shows that the market responds positively to
Toyota's financial performance, and further strong earnings could lead to a higher stock price.
Year-on-Year Earnings Growth: Despite a recent decline in earnings quarter-on-quarter, Toyota's earnings are up +97% year-on-year. This indicates a strong recovery and growth trajectory, which could lead to a higher stock price in the future.
Positive Market Sentiment: The market's response to Toyota's earnings reports has generally been positive, with the stock price rising after strong earnings reports. This suggests that if Toyota continues to report strong earnings, the market could respond positively, potentially pushing the stock price towards $250.
Dividend Yield: Toyota pays an annual dividend of $5.10 per share and currently has a dividend yield of 2.38%. This could attract investors looking for stable returns, potentially driving up the stock price.
$GOOGL still one leg higher? $200+?Judging off of sentiment, I think most people believe that Google will miss earnings.
Based off the chart, I think there's still one leg higher that likely starts on a reaction to earnings.
I think what's likely is we get a retest of support tomorrow and a low into earnings, and then we see a positive reaction after earnings that starts the next leg higher up to $200+.
Top targets are $214-234.
Let's see what happens.
Flare has 1 daily candle close above the invh&s neckline. Fairly big candle that closed above the neckline too and the bigger the candle the higher the probability that it can flip that neckline to support. However we all know how often price action will fallback below an invh&s neckline before the real breakout occurs, so for now there is no confirmation or validation that flare has broken up from this pattern just yet. We should know within the next 2-3 daily candles if its gonna breakout now or if its gonna go back under the neckline though if I had to guesstimate. Should it validate the breakout here, the breakout target is around .37 cents. *not financial advice*
Is it a good time to buy Google?It feels like the bottom for Google in the long term.
(1) The price is touching the long term trend line
(2) Fib retracement is at 0.618~0.65 range
(3) WaveTrend touched the bottom
But what if the trend line breaks?
Maybe $64 will stop it or maybe $50.
Always be ready for the worst case scenario.
Don't go all in nor use leverage because you never know the bottom.
Google Set to Invests 1 Billion Euros in Finnish Data CentreGoogle ( NASDAQ:GOOG ), a subsidiary of Alphabet Inc., has announced its plan to invest an additional 1 billion euros ($1.1 billion) in the expansion of its data center campus in Finland. This strategic move aims to bolster the company's artificial intelligence (AI) business growth in Europe. The Nordic region, with its cooler climate, tax incentives, and abundant renewable energy sources, has become a preferred location for data centers in recent years.
While some Nordic countries have expressed concerns about hosting data centres, citing the potential use of renewable power for higher value products such as green steel, Finland's significant increase in wind power capacity, particularly a 75% surge to 5,677 megawatts in 2022, has positioned it favorably for accommodating data centres. Google ( NASDAQ:GOOG ) has secured wind power in Finland through long-term contracts, leveraging the country's renewable energy potential.
With the proliferation of AI applications, analysts anticipate a substantial surge in data centres' power consumption. Google's investment in the Finnish data centre aligns with its commitment to operating with 97% carbon-free energy and its plan to redirect excess heat from the data centre to the district heating network in Hamina, benefiting local households, schools, and public service buildings. Furthermore, Google has pledged to achieve net zero emissions across all its operations and value chain by 2030.
In addition to its Finnish investment, Google ( NASDAQ:GOOG ) recently announced its intention to construct new data centres in the Netherlands and Belgium. These initiatives underscore the company's strategic focus on expanding its data infrastructure to support its growing AI and cloud computing operations.
Technical Outlook
Google ( NASDAQ:GOOG ) stock is up 1% to $179 per share trading with a bullish Relative Strength Index (RSI) of 71.99 which is sparsely overbought. The stock is prime for further growth as it is trading above the 200, 100, and 50-day Moving Averages (MA) Respectively.
A move further above the 1-month high to the pivot point will validate new highs for Google ( NASDAQ:GOOG ).
Google Overbought13 of the giant investment companies were on the side that sells googl in this ranks. I'm on the side of the googl area from $ 176 and I think it looks expensive. I can add it if it descends between $ 145 and $ 124. Especially I chase the candles in which the dfr indicator I have developed gives a scholar signal.
OpenAI’s search engine: Implications beyond GOOG stockOpenAI has denied rumors claiming it's set to reveal an AI-powered search engine for its flagship chatbot, ChatGPT, on Monday.
Although there is speculation that OpenAI is being a bit of a wise guy, and the product it will demo is not a search engine, but what they might dub as the next generation of search engines.
It will be interesting to see if this product, whenever it is first demonstrated, is anything Google will have to worry about. According to Bloomberg, OpenAI’s search tool will be partly powered by Microsoft’s Bing search engine. Make of that what you will.
Either way, this could likely ratchet up competition with Google and the market might have already begun to price in this risk to GOOG stock. But what other stocks could face a negative or positive risk from this development?
Maybe we can ask ChatGPT:
“Online advertising companies: Companies that heavily rely on Google's advertising platform for revenue could face challenges if advertisers shift their budgets to the new search engine. This includes companies like The Trade Desk (TTD), Magnite Inc. (MGNI), and Criteo S.A. (CRTO).
E-commerce platforms: Google's search engine is a major source of traffic for many e-commerce platforms. If a rival search engine gains popularity, it could impact the flow of traffic and potentially affect revenue for companies like Amazon (AMZN), eBay Inc. (EBAY), and Shopify Inc. (SHOP).
Payment processing companies: Google's search engine facilitates e-commerce transactions, which benefits payment processing companies like PayPal Holdings Inc. (PYPL) and Square Inc. (SQ). If a rival search engine affects e-commerce traffic patterns, it could indirectly impact payment processing companies.
Digital marketing agencies: Companies that specialize in search engine optimization (SEO) and search engine marketing (SEM) services may see a shift in demand if advertisers allocate resources away from Google towards the new search engine. Examples include companies like WPP plc (WPP) and Omnicom Group Inc. (OMC).
Data analytics companies: Google's search engine generates vast amounts of data, which is valuable for analytics purposes. If a new search engine captures market share, it could impact data analytics companies that rely on Google's data for insights. Companies like Nielsen Holdings plc (NLSN) and The Dun & Bradstreet Corporation (DNB) could be affected.
Online review platforms: Google's search engine plays a significant role in driving traffic to online review platforms like Yelp Inc. (YELP) and TripAdvisor Inc. (TRIP). A new search engine could potentially change the dynamics of online reviews and impact these platforms' user base and revenue streams.”
The Best Months of The Year to Invest in US Stock to Make Money This video will show you the best months of the year you should be investing in US stock market.
In the video, I showed proof that this method works almost every time.
But if you feel you need me to guide you further on how to manage your investment portfolio, feel free to send me a DM now.
If you find this video helpful, give it a like, drop comments, and share it with your friends.
NHS Partners with Google Drones for Rapid Blood Sample DeliveryIn a groundbreaking collaboration poised to transform medical logistics, the National Health Service ( AMEX:NHS ) has announced plans to utilize Google's autonomous drones for transporting blood samples between London hospitals. This innovative initiative, spearheaded by Wing, a subsidiary of Google's parent company Alphabet, aims to revolutionize the delivery of high-priority medical tests, enhancing efficiency and patient care.
Harnessing Cutting-Edge Technology:
Wing's autonomous drones, equipped with state-of-the-art technology, will navigate the skies of London to ferry vital blood samples between Guy's and St Thomas' hospitals. With the ability to travel at speeds of up to 58 miles per hour and cover distances of up to six miles, these drones represent a quantum leap in medical logistics, promising swift and reliable delivery of critical medical specimens.
Addressing Healthcare Challenges:
The utilization of Google drones for blood sample delivery addresses a pressing need within the healthcare system for expedited transportation of medical specimens. Currently, blood samples are transported via conventional means, often resulting in delays in processing and diagnosis. By leveraging drone technology, the NHS aims to streamline the transportation process, minimizing delays and ensuring timely medical intervention for patients.
Collaborative Efforts for Innovation:
The partnership between Wing and Apian, a medical logistics company comprised of former AMEX:NHS doctors and Google employees, underscores the collaborative spirit driving innovation in healthcare delivery. With funding from the AMEX:NHS , Apian's expertise in medical logistics combined with Wing's drone technology promises to revolutionize the way medical samples are transported, setting a new standard for efficiency and reliability in healthcare logistics.
Implications for the Future:
The trial deployment of Google drones for blood sample delivery represents a pivotal moment in the evolution of healthcare logistics. If successful, the initiative could pave the way for broader adoption of drone technology in healthcare delivery, with the potential to enhance patient outcomes and streamline medical processes. As the trial progresses, stakeholders eagerly anticipate the transformative impact of this innovative partnership on the healthcare landscape.
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.
Forecasted to Reach New All-Time High with +14% Upside PotentialHi Realistic Traders, let's delve into the technical analysis of NASDAQ:GOOG
Google has rebounded three times on the EMA200 Line with upward impulsive movement, indicating a continuation of the bullish trend. Additionally, it has formed a bullish chart pattern known as a falling wedge pattern. In March 2024, it broke out of the falling wedge pattern with a bullish full-body candlestick and higher-than-average 7-day trading volume . This higher-than-average trading volume is significant as it suggests increased market participation and conviction behind the price movement, reinforcing the validity of the breakout. Moreover, the MACD has made a bullish crossover, signifying a shift towards upward momentum. A bullish crossover in the MACD is a crucial signal in technical analysis, indicating a potential reversal from bearish to bullish sentiment. This occurrence is significant as it suggests strengthening buying pressure, often foreshadowing further upward movement in the price. Analyzing these technical factors, we forecast a potential upward movement to our designated target.
It is essential to note that the analysis will no longer hold validity once the target/support area is reached.
Disclaimer:
"Please note that this analysis is solely for educational purposes and should not be considered a recommendation to take a long or short position on GOOG."
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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.
GOOGLE with a bullish secret mountainI mean, let's be honest, everyone knows this pattern so I probably don't need to over-explain.
But basically, GOOGLE is quite bullish to 142.
The RSI on the bigger charts still have room to climb, and the smaller charts are all pretty high. The thing to notice is the rejection off a resistance trend, with a high short term RSI and a longer term RSI that is pumping. The high short term, at the rejection area implies that a drop would be soon to follow. That drop is starting to line up right with some pretty solid short term trend support. If the short term trend support holds up, we can keep pumping until we hit the next resistance trend, which would probably coincide with a cool down.
There are a few different paths that google could get up to the mid 140's, and the orange mountain drawing is one of them, and the one that provides a more natural growth in the short term with a healthier cool down. However, we could potentially see a more explosive move off the trend which might look more like this (pink)
On a trend break, depending on where this occurs, we could see some major downside (or some not so major downside depending on your position) with a nice little bounce back. Which might look more like this.
followed by a bounce somewhere (idk where) this is just a really really rough trading plan just incase we see a trend break and a drop. Lines are not accurate in terms of price and time frame.
If we drop to the secret base, maybe just under 126, expect a missile launch. Missile launch could be a dud and might not make it back past 133.