TRENDING KEYWORDS
Alphabet (GOOG, $2,756.32) stock jumps, on target hike at Credit Suisse
Alphabet shares climbed on Friday, following price target hikes at Credit Suisse, ahead of second quarter earnings release next week.
Credit Suisse analyst Stephen Ju boosted his price target on the Google-parent’s shares by 21.5% to $3,350 per share. Ju mentioned the impact of new product launches that will increase the company’s total addressable advertisement market to around $3 trillion on the back of a strategy that targets both larger and small-to-medium sized businesses with real-time inventory listings that can link to its search and map features. The analyst has an outperform rating on the stock.
Credit Suisse expects Alphabet to generate revenue growth rates of 41% for YouTube and 30% for the entire Google ad business in 2021. However, it also suggests that traffic acquisition costs are likely to be higher, due to Alphabet's increased payments to YouTube content providers among other factors.
GOOG in downward trend: 10-day moving average moved below 50-day moving average on April 14, 2022
The 10-day Moving Average for GOOG crossed bearishly below the 50-day moving average on April 14, 2022. This indicates that the trend has shifted lower and could be considered a sell signal. In 6 of 11 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are 55%.
Throughout the month of 04/13/22 - 05/16/22, the price experienced a -12% Downtrend, while the week of 05/09/22 - 05/16/22 shows a +2% Uptrend.
The Momentum Indicator moved below the 0 level on May 16, 2022. You may want to consider selling the stock, shorting the stock, or exploring put options on GOOG as a result. In 37 of 98 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are 38%.
GOOG moved below its 50-day Moving Average on April 08, 2022 date and that indicates a change from an upward trend to a downward trend.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where GOOG declined for three days, the price rose further in 50 of 62 cases within the following month. The odds of a continued downward trend are 40%.
The Aroon Indicator for GOOG entered a downward trend on May 16, 2022. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
The RSI Oscillator points to a transition from a downward trend to an upward trend -- in cases where GOOG's RSI Oscillator exited the oversold zone, 14 of 16 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are 88%.
The Stochastic Indicator suggests the stock price trend may be in a reversal from a downward trend to an upward trend. 35 of 50 cases where GOOG's Stochastic Oscillator exited the oversold zone resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are 70%.
The Moving Average Convergence Divergence (MACD) for GOOG just turned positive on May 13, 2022. Looking at past instances where GOOG's MACD turned positive, the stock continued to rise in 37 of 51 cases over the following month. The odds of a continued upward trend are 73%.
Following a +4.62% 3-day Advance, the price is estimated to grow further. Considering data from situations where GOOG advanced for three days, in 243 of 371 cases, the price rose further within the following month. The odds of a continued upward trend are 65%.
GOOG may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
Tickeron has a negative outlook on this ticker and predicts a further decline by more than 4.00% within the next month with a likelihood of 55%. During the last month, the daily ratio of advancing to declining volumes was 1 to 1.76.
The Tickeron SMR rating for this company is 81 (best 1 - 100 worst), indicating weak sales and an unprofitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron Valuation Rating of 71 (best 1 - 100 worst) indicates that the company is slightly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (6.042) is normal, around the industry mean (17.644). P/E Ratio (21.097) is within average values for comparable stocks, (50.361). Projected Growth (PEG Ratio) (0.826) is also within normal values, averaging (4.062). Dividend Yield (0.000) settles around the average of (0.021) among similar stocks. P/S Ratio (5.811) is also within normal values, averaging (96.547).
The Tickeron Price Growth Rating for this company is 61 (best 1 - 100 worst), indicating steady price growth. GOOG’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron PE Growth Rating for this company is 52 (best 1 - 100 worst), pointing to consistent earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron Profit vs. Risk Rating rating for this company is 8 (best 1 - 100 worst), indicating low risk on high returns. The average Profit vs. Risk Rating rating for the industry is 91, placing this stock better than average.
Companies in this industry typically license software on a subscription basis and it is centrally hosted. Such products usually go by the names web-based software, on-demand software and hosted software. Cloud computing has emerged as a major force in this space, making it possible to save files to a remote database (without requiring them to be saved on local storage device); as long as a device has access to the web, it can access the data and the software programs to run it. This has in many cases facilitated cost efficiency, speed and security of data for businesses and consumers. Alphabet Inc., Facebook, Inc. and Yahoo! Inc. are some well-known names in the internet software/services industry.
The average market capitalization across the Internet Software/Services Industry is 37.8B. The market cap for tickers in the group ranges from 1.1K to 1.5T. GOOG holds the highest valuation in this group at 1.5T. The lowest valued company is MSEZ at 1.1K.
- 5/14/22 4:23 AM: Alphabet (GOOG, $2,330.31), market cap jumped by $44.1B
- 5/10/22 5:36 AM: Alphabet (GOOG, $2,261.68) saw a $57.6B market cap decrease this week
- 5/6/22 5:04 AM: Alphabet (GOOG, $2,334.93), market cap dropped by $78.4B
The average weekly price growth across all stocks in the Internet Software/Services Industry was -1.33%. For the same Industry, the average monthly price growth was -13.34%, and the average quarterly price growth was -12.74%. NIROF experienced the highest price growth at 58.84%, while PRSNF experienced the biggest fall at -38.8%.
- 5/5/22 4:57 AM: Alphabet (GOOG, $2,451.5) was a top weekly gainer, with a +6.57% jump
- 4/12/22 7:12 AM: Alphabet (GOOG, $2,595.93) was a top loser this week, declining -9.64%
- 3/22/22 5:13 AM: Alphabet (GOOG, $2,729.57) was a top weekly gainer, with a +7.68% jump
The average weekly volume growth across all stocks in the Internet Software/Services Industry was 23.5%. For the same stocks of the Industry, the average monthly volume growth was 16.55% and the average quarterly volume growth was 101.71%
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
Stocks in the group have a Positive Outlook today, backed by the MA200MA50 Indicator. Tickeron has a positive outlook on this group and predicts a further increase by more than 4.00% within the next month with a likelihood of 49%. During the last month, the daily ratio of advancing to declining volumes was 1 to 2.87.
10 stocks in the group of tickers exhibit a similar positive trend based on the RSI indicator with an average likelihood of 74%.
The average market capitalization across the group is 14.5B. The market cap for tickers in the group ranges from 32.8M to 83.4B. NFLX holds the highest valuation in this group at 83.4B. The lowest valued company is FENG at 32.8M.
- 4/21/22 5:15 AM: Netflix (NFLX, $226.19) saw a $55.2B market cap decrease this week
The average weekly price growth across all stocks in the group was 4.2%. For the same group, the average monthly price growth was -23.07%, and the average quarterly price growth was -31.15%. ANGI experienced the highest price growth at 33.15%, while MSTR experienced the biggest fall at -8.01%.
- 5/14/22 4:23 AM: Angi (ANGI, $5.1) was a top weekly gainer, with a +24.09% jump. Expect an Uptrend continuation
- 5/10/22 5:36 AM: Phoenix NEW Media (FENG, $0.44) is a top weekly loser for penny stocks, falling -18.63%
- 5/6/22 5:04 AM: CoStar Group (CSGP, $61) was a top loser this week, declining -6.81%
The average weekly volume growth across all stocks in the group was -46.88%. For the same stocks of the group, the average monthly volume growth was 13.02% and the average quarterly volume growth was -2.95%
- 5/13/22 4:49 AM: The volume for MicroStrategy stock increased for one day, resulting in a record-breaking daily growth of 724% of the 65-Day Volume Moving Average
- 5/12/22 5:32 AM: The volume for Phoenix NEW Media stock increased for one day, resulting in a record-breaking daily growth of 456% of the 65-Day Volume Moving Average
- 5/11/22 7:39 AM: The volume for MicroStrategy stock increased for one day, resulting in a record-breaking daily growth of 261% of the 65-Day Volume Moving Average
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
Latest blogs by Sarah Patel
Top Blogs
