TRENDING KEYWORDS
Alphabet (GOOG, $2,983.03) crushes Q4 expectations
Alphabet reported its fourth quarter earnings that surpassed analysts’ expectations. Revenues also came in higher than anticipated.
The tech behemoth’s earnings for the quarter was $30.69, well above the $27.34 expected by analysts according to Refinitiv.
Revenue of $75.33 billion also beat expectations of $72.17 billion according to Refinitiv. Google’s advertising revenue in the quarter rose +33% from the year-ago quarter to $61.24 billion. Google Cloud revenue came in at $5.54 billion vs $5.47 billion expected, according to StreetAccount. Traffic acquisition costs were $13.43 billion vs. $12.84 billion expected, according to StreetAccount. YouTube advertising revenue of $8.63 billion, however, fell short of $8.87 billion expected, according to StreetAccount.
GOOG in upward trend: price may ascend as a result of having broken its lower Bollinger Band on May 24, 2022
GOOG may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options. In 23 of 30 cases where GOOG's price broke its lower Bollinger Band, its price rose further in the following month. The odds of a continued upward trend are 77%.
Throughout the month of 04/26/22 - 05/26/22, the price experienced a -9% Downtrend. During the week of 05/19/22 - 05/26/22, the stock fell -2%.
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, 13 of 17 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are 76%.
The Stochastic Indicator is in the oversold zone. Keep an eye out for a move up in the foreseeable future.
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%.
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 41 of 97 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are 42%.
The Moving Average Convergence Divergence Histogram (MACD) for GOOG turned negative on May 24, 2022. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 51 similar instances when the indicator turned negative. In 24 of the 51 cases the stock turned lower in the days that followed. This puts the odds of success at 47%.
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 41%.
The Aroon Indicator for GOOG entered a downward trend on May 26, 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.
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 57%. During the last month, the daily ratio of advancing to declining volumes was 1 to 1.83.
The Tickeron Profit vs. Risk Rating rating for this company is 15 (best 1 - 100 worst), indicating low risk on high returns. The average Profit vs. Risk Rating rating for the industry is 92, placing this stock better than average.
The Tickeron Price Growth Rating for this company is 62 (best 1 - 100 worst), indicating fairly steady price growth. GOOG’s price grows at a lower rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron PE Growth Rating for this company is 67 (best 1 - 100 worst), pointing to slightly better than average 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 Valuation Rating of 70 (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 (5.615) is normal, around the industry mean (17.595). P/E Ratio (19.608) is within average values for comparable stocks, (52.224). Projected Growth (PEG Ratio) (0.777) is also within normal values, averaging (4.148). Dividend Yield (0.000) settles around the average of (0.021) among similar stocks. P/S Ratio (5.400) is also within normal values, averaging (99.335).
The Tickeron SMR rating for this company is 77 (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.
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 35.2B. The market cap for tickers in the group ranges from 1.1K to 1.4T. GOOGL holds the highest valuation in this group at 1.4T. The lowest valued company is MSEZ at 1.1K.
- 5/21/22 6:31 AM: Alphabet (GOOG, $2,186.26) saw a $97.6B market cap decrease this week
- 5/19/22 8:24 AM: Alphabet (GOOG, $2,248.02), market cap dropped by $60.1B
- 5/14/22 4:23 AM: Alphabet (GOOG, $2,330.31), market cap jumped by $44.1B
The average weekly price growth across all stocks in the Internet Software/Services Industry was -1.97%. For the same Industry, the average monthly price growth was -12.24%, and the average quarterly price growth was -19.24%. SPFYF experienced the highest price growth at 63.28%, while ELRE experienced the biggest fall at -76.45%.
- 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 44.42%. For the same stocks of the Industry, the average monthly volume growth was -8.81% and the average quarterly volume growth was 197.23%
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 15 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 36%. During the last month, the daily ratio of advancing to declining volumes was 1 to 1.09.
52 stocks in the group of tickers exhibit a similar positive trend based on the Stochastic indicator with an average likelihood of 80%.
The most notable companies in this group are Alphabet (NASDAQ:GOOGL), Alphabet (NASDAQ:GOOG), Meta Platforms (NASDAQ:FB), Baidu (NASDAQ:BIDU), Twitter (NYSE:TWTR), Snap (NYSE:SNAP), Spotify Technology SA (NYSE:SPOT), Twilio (NYSE:TWLO), Pinterest (NYSE:PINS), Zillow Group (NASDAQ:Z).
The average market capitalization across the group is 43B. The market cap for tickers in the group ranges from 886.2K to 1.4T. GOOGL holds the highest valuation in this group at 1.4T. The lowest valued company is SPFYF at 886.2K.
- 5/21/22 6:31 AM: Alphabet (GOOG, $2,186.26) saw a $97.6B market cap decrease this week
- 5/21/22 6:30 AM: Alphabet (GOOGL, $2,178.16) saw a $91.5B market cap decrease this week
- 5/19/22 8:24 AM: Alphabet (GOOG, $2,248.02), market cap dropped by $60.1B
The average weekly price growth across all stocks in the group was 0.34%. For the same group, the average monthly price growth was -10.92%, and the average quarterly price growth was -19.96%. CRTD experienced the highest price growth at 67.96%, while ELRE experienced the biggest fall at -76.45%.
- 5/25/22 7:32 AM: Meta Platforms (FB, $181.28) was a top loser this week, declining -10.53%. Expect a Downtrend reversal
- 5/25/22 7:32 AM: iQIYI (IQ, $3.41) was a top loser this week, declining -7.34%
- 5/25/22 7:32 AM: Genius Sports (GENI, $2.71) is a top weekly loser for penny stocks, falling -15.05%
The average weekly volume growth across all stocks in the group was 410.74%. For the same stocks of the group, the average monthly volume growth was 193.21% and the average quarterly volume growth was 411.65%
- 5/25/22 7:27 AM: The volume for AutoWeb stock increased for a consecutive 5 days, with an average daily gain of 442%
- 5/24/22 6:55 AM: The volume for AutoWeb stock increased for four consecutive days, resulting in a record-breaking daily growth of 529% of the 65-Day Volume Moving Average
- 5/21/22 6:24 AM: The volume for Beachbody Company (The) stock increased for one day, resulting in a record-breaking daily growth of 246% 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
