Alphabet (GOOG, GOOGL) 02 (Aug 17 - Dec 25)

[winston]

not vested

Alphabet Inc – Business resilient through macro uncertainty

Recommendation : BUY (Maintained); TP: US$139.00, Last Close: US$113.06

2Q22 revenue in line but misses on earnings. 1H22 revenue/PATMI at 45/36% of our FY22e forecasts.

Cloud continues to push ahead – 2Q22 revenue was at US$6.3bn, 35% YoY growth.

Earnings miss was due to FX headwinds, and a one-off unrealized loss in debt/equity investments of -US$1.0bn for 2Q22.

We lower our FY22e earnings forecast to account for the higher-than-expected unrealized loss, and also slightly increase expenses associated with investments in IT infrastructure.

We maintain a BUY recommendation with a lowered DCF target price of US$139.00 (prev. US$144.00).

Source: Phillips

https://www.stocksbnb.com/reports/alpha ... certainty/

[behappyalways]

抗衡抖音! YT短影音主 明年起分潤45%｜方念華｜FOCUS全球新聞 20220921
https://m.youtube.com/watch?v=_SPeMhwegZw

[behappyalways]

Google CEO Pichai tells employees not to ‘equate fun with money’ in heated all-hands meeting
https://www.cnbc.com/2022/09/23/google- ... ting-.html

[behappyalways]

加入智慧手錶戰局!谷歌Pixel Watch亮相｜黃星樺｜FOCUS全球新聞 20221007
https://m.youtube.com/watch?v=n3Xipzbskbo

[winston]

not vested

Google (NASDAQ:GOOG, GOOGL) stock remains at 52-week lows.

The company’s past two quarters have been disappointing. It provided negative earnings surprises for EPS in both instances, each missing by more than 4.5%.

It is likely that when Google reports earnings on Oct. 25, EPS will have fallen 10.7% YoY to $1.25.

Google has headed in the right direction already. It just hasn’t shown up in share prices yet. Tech firms have to cut costs as the interest rates rise and the cost of capital increases. Google will emerge leaner. It plans to shut down its Stadia gaming service come January.

It may announce further reductions, potentially including layoffs. It will emerge from this current period a leaner, better-run firm.

You can argue that it got too soft over the last decade as steady quantitative easing provided a bonanza for tech. It is now correcting for those excesses. It will improve its form and continue to dominate tech.

That said, it isn’t easy to guess when Google will return to form. The tech space is facing higher interest rates, regulatory headwinds, and a recession. But the company has provided massive returns, 19.41% annually over the last decade.

So, those returns are likely to soften. But Google dominates search, and it’s difficult to see it heading much lower. Therefore, Google is on this list as one of the top stocks to buy.

Source: Trades Of The Day

[winston]

not vested

Alphabet (GOOGL)

Morningstar gives the search, advertising the cloud stalwart a wide moat and puts fair value at $169. The stock recently traded at $98, so Morningstar's figure indicates 72% upside to fair value.

“Alphabet dominates the online search market, with 80%-plus global share for Google,” he wrote in a commentary.

“We expect continuing growth in the firm’s cash flow, as we remain confident that Google will maintain its leadership in search.

We foresee YouTube contributing more to the firm’s top and bottom lines, and we view investments of some of that cash in moonshots as attractive.”

Source: The Street

[winston]

not vested

Alphabet Inc. (GOOG)

Alphabet is set to report its earnings on Tuesday, October 25.

Analysts anticipate earnings to fall 11% year-over-year to $1.26 per share, down from earnings of $1.40 per share a year ago.

Revenue is expected to increase 8% year-over-year to $70.75 billion, up from $65.12 billion in the same quarter last year.

Source: Investor Place

[behappyalways]

Visualizing 20 Years Of Top Trending Google Searches
https://www.zerohedge.com/technology/vi ... e-searches

[winston]

not vested

Google Parent Alphabet Drops as Earnings, Sales Miss Estimates

YouTube revenue misses, shrinks compared to prior year
Performance seen as ‘bad omen’ for digital ad market

Source: Bloomberg

https://www.bloomberg.com/news/articles ... ify%20wall

[winston]

not vested

Google parent Alphabet drops as earnings, sales miss estimates

3Q sales, excluding payments to distribution partners, were US$57.27 billion. That compared with the average analyst projection for US$58.18 billion.

Net income was US$1.06 per share less than Wall Street’s estimates for US$1.25 per share.

Search and other related businesses generated third-quarter sales of US$39.54 billion, compared to analyst estimates of US$40.87 billion.

YouTube missed the mark by an even wider margin, reporting ad sales of US$7.07 billion, compared with analysts’ average estimate of US$7.47 billion.

Google’s closely watched cloud unit, which has yet to turn a profit, lost US$699 million, better than analysts’ projections for a loss of US$814.25 million.

Source: Bloomberg

https://www.businesstimes.com.sg/compan ... -estimates