IB Net Payout Yields Model

Google: Not So Spooky


  • Google reported strong Q3'23 results, beating analyst revenue estimates by nearly $1 billion.
  • Google Cloud grew by 22% to $8.4 billion, but investors focused on the small miss in this segment rather than the big beats in other categories.
  • The stock is cheap at ~13.5x EPS targets and a relative bargain to other tech giants.
After reporting a generally strong quarter, Alphabet Inc. (NASDAQ:GOOGNASDAQ:GOOGL), aka Google, has seen the stock collapse. The AI-powered Search giant disappointed the market with weakness in the Cloud sector, yet the results weren't so spooky. My investment thesis is ultra Bullish with Google trading down nearly $20 from the recent highs that weren't even above the 2021 highs, unlike other mega tech stocks.

Read the full article on Seeking Alpha. 

Disclosure: No position mentioned. Please review the disclaimer page for more details. 


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