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2 주 전
Should you buy Google $GOOGL here?
By: Intelligent Investing | October 31, 2024
• Should you buy Google here?
The Elliott Wave shows what counts best as nine waves lower from its ATH in July to its September low, which is an impulse.
With today's pop, we still only have three waves back up, which is corrective, where 3=1 (a=c) at the 76.40% retracement level of the 9-wave decline.
Meanwhile, our Magnificent 7+ Trade Alert Service went long #GOOG on Monday, sold 1/4 of the position at the close yesterday to reduce risk, and will sell another 1/4 AMC today while raising stop to entry on the remaining 1/2: winning trade. Easy as 1-2-3.
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3 주 전
Alphabet (GOOGL) Stock Pops After AI Boosts Results
By: Schaeffer's Investment Research | October 30, 2024
• Alphabet stock is surging after beating third-quarter earnings estimates
• The stock's options pits are brimming with higher-than-usual activity today
Shares of Google parent Alphabet Inc (NASDAQ:GOOGL) are on the rise today, after the tech giant beat third-quarter earnings and revenue expectations following a 35% rise in cloud revenue. The company's cloud division saw a boost from artificial intelligence (AI) buzz, which has, of course, been a long-term focus. In his remarks, CEO Sundar Pichai said AI investments are "paying off."
At last glance, GOOGL was up 5.6% at $179.20, earlier as high as $182.02, with the stock jumping $150 billion in value straight out of the gate. Today's bull gap has shares breaking above the $170 level, which acted as pressure since early August, after they yesterday closed above the 100-day moving average for the first time since then. Year to date, the equity is up 28.3%.
The stock's options pits are buzzing even more than usual today, with 357,000 calls and 171,000 puts exchanged so far -- more the double the usual daily volume. The weekly 11/1 180-strike call is the most popular, with new positions opening there.
This bullish-leaning sentiment amongst options traders isn't unusual, as calls have been much more popular than puts over the last 10 weeks. This is per GOOGL's 50-day call/put volume ratio of 2.98 at the International Securities Exchange (ISE), Cboe Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX), which ranks higher than all other readings from the past year.
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2 월 전
Alphabet (GOOGL) Stock Attracts Bullish Coverage on Valuation
By: Schaeffer's Investment Research | October 1, 2024
• Options are affordably priced as well
• Call traders are chiming in as well
Pivotal initiated coverage of Alphabet Inc (NASDAQ:GOOGL) with a "buy" rating, noting the Google parent's “attractive valuation in any realistic scenario.” GOOGL was last seen trading near breakeven at $165.97.
The shares pulled back after hitting a July 10, record high of $191.75 to their lowest level since March, but have since bounced to conquer their 40-day moving average. While the $168 region has been acting as a ceiling since late August, GOOGL sports a 20.3% year-to-date lead.
Calls have been much more popular than usual. This is per GOOGL's 10-day call/put volume ratio of 3.10 over at the International Securities Exchange (ISE), Cboe Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX), which ranks higher than 93% of readings from the past year.
Drilling down to today's options activity, 62,000 calls and 24,000 puts have already traded hands, which is triple the volume typically seen at this point. The most popular contract by far is the weekly 10/4 170-strike call, with new positions currently being opened there.
Options are attractively priced. This is per Alphabet stock's Schaeffer's Volatility Index (SVI) of 24% that ranks in the relatively low 20th percentile of its annual range, meaning options traders are pricing in low volatility expectations at the moment.
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3 월 전
Alphabet (GOOGL) Turns Twenty
By: Bespoke Investment Group | August 19, 2024
Twenty years ago to the day, the company running the world's largest search engine went public. On August 19th, 2004, Alphabet (GOOGL) shares IPO'd at a split-adjusted price of $2.13. In the 20 years since, the stock has been a top performer in many aspects. Simply looking at the top line, revenues have exploded from $512 million in Q4 2003 to $84.7 billion in the latest quarter. Given its rise to become one of the six "trillion dollar market cap" companies, the stock has ripped higher an astounding 7,669% from its IPO price.
So how has Alphabet done in the 20 years since it went public versus other big winners in the stock market? Below is a look at the 30 stocks currently in the S&P 500 that are up the most over the last 20 years. As shown, these 30 names are all up more than 3,000% since GOOGL's IPO, and GOOGL ranks as the 11th best. Unsurprisingly, the single best stock by a huge margin is NVIDIA (NVDA) with a gaudy 127,418% gain, but other mega-caps like Apple (AAPL) and Amazon (AMZN) have both put up better numbers than GOOGL as well. Additional names that have done better than GOOGL include Netflix (NFLX) with a 30,000%+ gain, Monster Beverage (MNST), Booking Holdings (BKNG), Intuitive Surgical (ISRG), Regeneron (REGN), Deckers Outdoor (DECK), and Salesforce (CRM).
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3 월 전
Antitrust Scrutiny Pulls Put Traders to Alphabet Stock
By: Schaeffer's Investment Research | August 14, 2024
• The Department of Justice (DOJ) is considering breaking up Alphabet
• A court ruled the company monopolized the online search market
The Department of Justice (DOJ) is considering breaking up Big Tech titan Alphabet Inc (NASDAQ:GOOGL), after a court ruling determined the company monopolized the online search market, per a Bloomberg News report. This comes amid Alphabet's Pixel phone launch, which showcased its Gemini technology and positioned it as a leader in bringing artificial intelligence (AI) to smartphones.
GOOGL was last seen down 1.2% to trade at $162.20, after a rally off the 180-day moving average fell short of the $165 level. The stock has pulled back significantly from its July 10, all-time high of $191.75, but despite its 10.4% quarter-to-date deficit, it still sports a 16.8% lead for 2024.
Over at International Securities Exchange (ISE), Cboe Volatility Exchange (CBOE), and NASDAQ OMX PHLX (PHLX), GOOGL's 50-day put/call volume ratio sits higher than 97% of readings from the past year. This indicates traders have been more bearish than usual.
Drilling down to today's options activity, 54,000 puts have already crossed the tape, which is double the intraday average volume. The most popular contract is the August 160 put.
It's also worth noting the Alphabet stock sports affordably priced premiums. This is per the equity's Schaeffer's Volatility Index (SVI) of 25% that ranks higher than just 21% of annual readings.
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