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Alphabet & Tesla push All The Bigtech into Bearish MarchIndexes end lower as investors brace for major earnings results After the closing bell, Tesla and Alphabet released their second-quarter performance. Investors were especially attentive to the carmaker, looking to see if its performance has improved since the start of the year. Tesla was battered by a slew of headwinds in the first quarter, but investors have since grown bullish on the flagship EV manufacturer. The two firms are the first of the Magnificent Seven tech stocks to release their earnings. Unfortunately they both did not deliver strength, so it breaks the momentum to the tech rally. Tesla shares fall nearly 9% in premarket trading after earnings miss Tesla shares dropped in premarket trading in the U.S. after the electric car maker reported second-quarter earnings that missed expectations, as its auto business continued to face pressure. Elon Musk’s electric vehicle company reported that automotive revenue declined 7% year on year in the June quarter to $19.9 billion, while its adjusted earnings margin also fell. Bulls and bears have been in a grapple over the stock, with some believing the company’s core car business is under pressure, while others held hope about a future Musk has promised around autonomous driving. Alphabet (GOOG, GOOGL) shares fall nearly 4.5% in premarket trading after earnings report Alphabet earnings top estimates as cloud business gains steam, AI losses grow. Google parent Alphabet reported its fiscal second quarter earnings after the bell on Tuesday, beating analysts' estimates on the top and bottom lines as its cloud businesses continue to pick up steam, topping the $1 billion mark for operating profit for the first time. For the quarter, the company saw earnings per share of $1.89 on revenue of $84.7 billion. Analysts were anticipating earnings per share of $1.85 on revenue of $84.3 billion, according to data compiled by Bloomberg. That's a jump from the same period last year of 31% and 14%, respectively, when the company reported earnings per share of $1.44 on revenue of $74.6 billion. Advertising revenue topped $64.6 billion versus analysts' expectations of $64.5 billion, and up from $58.1 billion last year. YouTube ad revenue, however, fell short, with the segment bringing in $8.66 billion versus expectations of $8.95 billion. Technical thoughts What is next? Hmm.. I think more Bulls & Bears are to run. The main graph Nasdaq-100 Sept'24 Futures contract (NQU2024) indicates on strong Bearish Momentum. This is all because of 50-Day SMA breakthrough, as well as breakthrough of major 3Mo old upside channel.
CME_MINI:NQU2024
by PandorraResearch
4
GOOGL Short Term bounce, but Long Term crash??A lot of this drop on NASDAQ:GOOGL is due to AI news and possible bubble bust. I dont think investors are giving up on GOOGL and expect to see a short term bounce to around the 172-173 area this coming week. Market depending. I think 155 looks a lot better to buyers rather than 167 but we shall see. Either way another big move is waiting for NASDAQ:GOOGL We just need to see if buyers will step in. Weekly is still overbought. But Daily, 4HR and smaller Timeframes looks like it will bounce.
NASDAQ:GOOGLLong
by MikeeBuilds
4
VIX 20 years Later !What will fuel this next Bull Market? #AI and exponential gains in productivity seem like a fair bet. The technology won't manifest properly in the next few years of course. But the speculation and new companies will. 20 years ago we saw the trendline of the #VIX break coming out of 9/11 and right around the time of the Iraq war Military spending, Lowering of rates, a Housing boom , and the rise of Google and culminating in the iphone. Seems eerily similar to the current #macro environment
TVC:VIXShort
by BallaJi
1
GOOGLE Correction completed. Buying again for a $210 Target.Last time we made a call on Alphabet Inc. (GOOG) on July 11 (see chart below), we caught the most optimal sell entry, right at the top of the 21-month Channel Up: The price not only broke below the 1D MA50 (blue trend-line) for the first time since March 15, but today almost touched the 1D MA100 (green trend-line), which is holding since March 12. This correction is consistent with the mid Bullish Leg pull-back that bottomed on July 11 2023 and then moved on to complete a +37.69% rise from the previous Higher Low. As a result, we think this is the best level to buy again and target $210.00 (+37.69% rise from the April 25 Higher Low. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
NASDAQ:GOOGLong
by TradingShot
1
GOOGL Shares Decline After ReportGOOGL Shares Decline After Report Yesterday, Alphabet released its Q2 report: → Earnings per share: actual = $1.89, forecast = $1.847; → Gross revenue: actual = $84.742 billion, forecast = $84.208 billion. The actual figures exceeded analysts' expectations. However, today in pre-market trading, GOOGL's price fluctuates around $178.60 per share, down from $183.60 at yesterday's close. Investors might be disappointed by YouTube's ad sales growth falling short of expectations ($8.7 billion versus the projected $8.9 billion). It appears that GOOGL shares will join other tech companies whose stocks are losing ground in the stock market. On 18th July, analysing NVDA's chart, we noted that the bears had the initiative. On 19th July, we pointed out bearish signs on META's stock charts. And on 22nd July, we highlighted bearish signs on MSFT's price chart. Technical analysis of GOOGL's chart after the report shows: → In 2024, the stock has been rising within an upward channel that started in 2023. The historic high set earlier this month marked the upper boundary of this channel, which acted as resistance and turned the price downwards. → The bullish impulse, shown by black lines, is losing strength as the price moved closer to the median line of the blue channel after the report. → The July structure of local extremes A-B-C-D-E indicates bearish sentiment, as each increase is approximately 50% of the preceding decline. Bulls might hope for support from the blue median line to try and keep the price in the upper part of the blue channel. 39 Wall Street analysts surveyed by TipRanks provide positive forecasts: → 33 analysts recommend buying GOOGL shares, and none recommend selling; → The price forecast for GOOGL shares is $203.97 in 12 months (+12.20% from yesterday's close). However, it's possible that GOOGL's price forecasts may worsen if the blue median line is broken by the bears. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
NASDAQ:GOOG
by FXOpen
2
GOOG: Risk for HFT Gap on EarningsThe mighty NASDAQ:GOOG has hit the Market Saturation Phase and its advertising AI is one of the primary problems. Alphabet is losing small business advertisers in droves as prices skyrocket to advertise on Google Ads while results are dismal for the advertisers. This run down is due to speculation that is not based on financial data. It may find support at this level, but it is vulnerable to an HFT gap down. It is never a good sign to see selling a few days ahead of an earnings report. A gap up would be based on Year over Year, not quarterly improvement.
NASDAQ:GOOG
by MarthaStokesCMT-TechniTrader
Ichimoku Watch: Google Poised to Test Kumo CloudUpcoming Earnings Alphabet Inc. (ticker: GOOG) is scheduled to report earnings after the market closes on 23 July. The consensus Earnings Per Share (EPS) estimate for the fiscal quarter ending June 2024 is $1.85. The reported EPS for the same quarter a year prior was $1.44. Price Action Nearing Ichimoku Cloud The stock is poised to register its first losing month (down -2.2% month to date) following four consecutive winning months. Price action has dipped beneath the Conversion Line (blue at $185.76) and the Base Line (red at $184.47); of note, the former has yet to cross beneath the latter (which can be viewed as a bearish signal). Price movement also remains below the Lagging Span (dark green at $179.39), a bullish signal, and the stock is nearing the Ichimoku Cloud, which has been in play since the Leading Span A (light green at $185.11) crossed above the Leading Span B (light orange at $179.54) at the beginning of May. The Ichimoku Cloud can offer traders a dynamic support area in uptrends. Another observation worth highlighting is the support level located within the Ichimoku Cloud at $173.05. Price Direction? In light of the visible uptrend, a test of the Ichimoku Cloud could be a factor that prompts buying. Buyers will also likely want to have support tested at $173.05 and also the Conversion Line cross back above the Base Line (by the time the price reaches the Ichimoku Cloud, the Conversion Line would have crossed below the Base Line); traders use an upward crossover as additional strength confirming the Ichimoku Cloud.
NASDAQ:GOOGLong
by FPMarkets
🐲 The Roaring FAANG. Five Big Tech Stocks That Move The MarketFAANG is an acronym that stands for five major, highly successful U.S. tech companies: Meta (formerly Facebook), Amazon, Apple, Netflix, and Google. FAANG stocks' performance has a substantial effect on the overall market and comprises 15% of the S&P500 Index SP:SPX . If you follow the financial or business news, you may have seen or heard the term FAANG thrown around. No, it's not a misspelling or an animal's roar. It's an acronym that stands for five big companies — some might say the big companies — in the high-tech industry. The FAANG quintet consists of Meta (formerly Facebook), Amazon , Apple, Netflix and Google (Alphabet as an official corporate name). These corporations — all American, but with a global presence — are not only household names, they're financial behemoths. Their combined market capitalization is over $4 trillion. The blue-chip stocks of the tech sector, they collectively make up 15% of the Standard & Poor's 500 SP:SPX (an index of the largest public companies in the US). So they represent not only one of the US' most significant industries, but a sizable chunk of the US stock market itself. The origins of FAANG FAANG actually began as FANG. The origin of the acronym has been attributed to Jim Cramer, the financial TV host and co-founder of TheStreet.com. Known for his slangy abbreviations and catchy phrases, Cramer coined the term in 2013 to represent four tech stocks with outsized market appreciation. Cramer believed that these companies belonged together because they are all high-growth stocks that share the common threads of digitization and the web. Cramer's original term was just FANG — it didn't initially include Apple. The company joined the ranks in 2017, reflecting the growth of internet services (iCloud, Apple Music, Apple Pay) to its revenues. So the acronym became FAANG, and it's remained so. The five stocks of FAANG They need no introduction: The five stocks of FAANG are all familiar brands, whose products and services permeate our lives daily. They are also American corporate success stories — each has seen its stock shares experience triple-digit growth since 2015, and year-to-year as well. 👉 Meta ( NASDAQ:META ) is the social media maestro, owner of Instagram, WhatsApp, and its Facebook website. It has returned more than 190% over the past 12 months, and it is a # 1 over all S&P500 Index components with that amazing result. 👉 Apple ( NASDAQ:AAPL ), the sole product manufacturer of the group, with more than 36% yearly performance. 👉 Amazon ( NASDAQ:AMZN ), the world's largest e-store, has returned more than 65% over the past 12 months. 👉 Netflix ( NASDAQ:NFLX ), the superpower of streaming, has returned 44% TTM. 👉 Google — parent company Alphabet ( NASDAQ:GOOG , NASDAQ:GOOGL ) — has a name synonymous with internet searches and services. Its GOOG shares have increased by more than 43% in 12 months. Just to put these numbers in context: the S&P 500 has grown 17% over the past 12 months. So FAANG stocks have been at the forefront , significantly outperforming the broad market. Twelve months performance of FX:FAANG components vs S&P500 Index The bottom line The main technical graph (3-day chart for FX:FAANG stock basket, introduced by @FXCM provider, with 20% inception weight for every single component) illustrates perhaps right there happens the major breakout of 52-week highs, with further projected/ targeted upside price action.
FX:FAANG
by PandorraResearch
GOOGLE Top of the Channel makes pull-back likely. Buy the dip.Alphabet Inc. (GOOG) has been trading within a Channel Up since the November 03 2022 market bottom and on our last analysis (April 16, see chart below), it gave us an excellent buy entry, hitting eventually our 175.00 Target: Right now the price is more than half-way on the new Bullish Leg but has come very close to the Channel's top (Higher Highs trend-line). Based on the June 07 2023 Top and the previous major Bullish Leg, we might get a pull-back towards the 1D MA50 (blue trend-line), before going for the final Higher High. As as result, we are now willing to buy only after a 1D MA50 contact and Target $210.00, which will represent a +37.60% rise from the recent Higher Low, similar to the Bullish Leg of 2023. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
NASDAQ:GOOG
by TradingShot
2
Alphabet - It is just a textbook company!NASDAQ:GOOGL has been one of the best performing stocks over the previous decade. The most profitable stocks are the ones which trade under the radar. And Alphabet (Google) is definitely one of these stocks which is simply trending higher, providing textbook trading opportunities and not a "hype" stock. Slow and steady wins the race, but you have to be careful that you don't miss your chances. After a retest of the breakout level, you can enter a long trade. Levels to watch: $150 Keep your long term vision, Philip - BasicTrading
NASDAQ:GOOGLLong
by basictradingtv
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
NASDAQ:GOOGL
by MeruEU
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.
NASDAQ:NVDALong
by NYRUNSGLOBAL
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.
NASDAQ:BIDULong
by Elite_Forex
$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.
NYSE:GMELong
by NYRUNSGLOBAL
1
$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.
NYSE:TMLong
by NYRUNSGLOBAL