G20: what did the leaders decide?
The G20 summit took place in Bali, Indonesia, on November 2022…
GOOGLE stock: up 8%
Information is not investment advice
Better than expected
Alphabet presented its Q1’2020 results on Tuesday, and they proved to be not that bad. In fact, they were not bad at all, especially given the virus damage circumstances. Below are some of them.
Source: Alphabet Investor Relations
So an increase in revenues 13% in the first quarter of 2020 stands against 17% in the same for 2019 year over year. Bad, but not that bad. Could have been much worse – and that’s exactly what the market was expecting. So Google did better than the forecast even falling below the normal expansion trajectory. But the strong part comes next.
Source: Alphabet Investor Relations
Google Cloud and YouTube ads did really well. These are the core engine for Google’s performance, and these did not fail. Expansion in Cloud and YouTube service was the main reasons why investors were fairly pleased with the results. Consequently, the stock price surged.
Stock price
Before the webcast, the share price was at $1,232, coming to test April’s lows. Observers were not expecting much from the results – that’s why that made so much contrast to the positive performance of the company. Upon the release, the stock jumped to $1,332 making a 8% leap. So is it a buy now?
Go for it
Even the presenters of the results including Sundar Pichai himself hinted that the second quarter of 2020 will be much tougher and gave other signs that there is no 100% certainty about sustainability of the numbers they brought. However, the fundamentals still say that Google is a good bet – primarily because the advertising revenue doesn’t seem to be damaged that much by the virus. And as long as it stay the core source of the income for the company, there should be no strategic obstacle for Google to keep growing.
Similar
The End of Era: What Might the UK Face Next?
The deafening news shocked the whole world yesterday: the British Queen Elizabeth II died peacefully at the age of 96…
Why didn't oil prices calm despite OPEC+ attempts?
After months of pressure from the White House, Saudi Arabia relented and agreed with other OPEC+ members to increase production.
Popular
What Will Happen with the Euro? An Economic Perspective.
eurusd-is-falling-what-to-expect-from-the-future-price-movement
Will Australia's "Rampant Inflation" Prevail in May?
Greetings, fellow forex traders! Exciting news for those with an eye on the Australian market - the upcoming interest rate decision could be good news for Aussies looking to refinance or take out new loans. The Mortgage and Finance Association Australia CEO, Anja Pannek, has...
How Will BoJ Meeting Affect the Yen
Hold onto your hats, folks! The Japanese yen took a nosedive after the Bank of Japan (BOJ) left its ultra-loose policy settings unchanged, including its closely watched yield curve control (YCC) policy. But wait, there's more! The BOJ also removed its forward guidance, which had previously pledged to keep interest rates at current or lower levels. So, what's the scoop? Market expectations had been subdued going into the meeting, but some were still hoping for tweaks to the forward guidance to prepare for an eventual exit from the bank's massive stimulus
Choose your payment system
