Alphabet Inc. ($GOOGL) Stock Forecast: Down 5.2% Today

What is Alphabet Inc.?

Alphabet Inc. (GOOGL) is a multinational conglomerate known for its dominance in the online search and advertising markets. The company's stock, GOOGL, had a strong bearish movement today.

Why is Alphabet Inc. going down?

GOOGL stock is down 5.2% on Jul 24, 2024 19:42

• GOOGL stock experienced a significant decline today, contributing to the overall bearish movement in the market.
• Disappointing earnings reports from Alphabet, along with Tesla, weighed heavily on Big Tech stocks, leading to a sell-off in the market.
• Analysts warning of potential volatility ahead for Alphabet may have added to the negative sentiment surrounding the stock.
• The pullback in the market, driven by lackluster performances from key tech companies, suggests that investors are reevaluating the sustainability of the recent equity rally, particularly in the AI and tech sectors.

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GOOGL Technical Analysis

GOOGL News

S&P and Nasdaq fall to multi-week lows as Tesla, Alphabet weigh By Reuters

By Lisa Pauline Mattackal and David French (Reuters) -The and Nasdaq slumped to multi-week lows on Wednesday after Tesla (NASDAQ:) and Alphabet (NASDAQ:) disappointed with lackluster earnings, prompting investors to question if the Big Tech- and AI-fueled 2024 equity rally was sustainable in the long run. As the first of the Magnificent Seven stocks reported […] The post S&P and Nasdaq fall to multi-week lows as Tesla, Alphabet weigh By Reuters appeared first on TheAdviserMagazine.com .

https://theadvisermagazine.com/market-research/stock-market/sp-and-nasdaq-fall-to-multi-week-lows-as-tesla-alphabet-weigh-by-reuters/

Broadcom Stock Alert: Is Now the Best Time to Buy AVGO Shares?

Broadcom (NASDAQ:AVGO) is well-known as a leader in 5G semiconductors, but it’s also a chip stock that lags behind many of the top names in this sector — most notably Nvidia (NASDAQ:NVDA). The company powers the sort of data throughput and connectivity we all rely on with its advanced chips and RF solutions. In 2023, the company’s 5G and AI revenues hit $5.9 billion and $4.2 billion, respectively, out of $28.2 billion total income.  Notably, Broadcom stock has been on a tear of late, nearly doubling over the past year on strong investor demand. Some of this is due to the company’s recent 10-for-1 stock split on July 15, which reduced its share price from $1,600 to $170. Market analysts like those at JPMorgan believe Broadcom has strong growth potential in the semiconductor space due to AI. Aside from that, its cybersecurity capabilities are also strong due to the merger with Symantec and Carbon Black. Of 46 analysts, 83% rate Broadcom stock a buy. The question is whether now is the right time to build a position in this chip name, particularly after its recent run. Let’s dive into what to make of this move, and where AVGO stock could be headed from here.

https://investorplace.com/2024/07/broadcom-stock-alert-is-now-the-best-time-to-buy-avgo-shares/

Alphabet could be in for a tough period ahead, analysts warn

Alphabet investors may want to prepare for some volatility in the second half.

https://www.cnbc.com/2024/07/24/alphabet-could-be-in-for-a-tough-period-ahead-analysts-warn.html

Big Tech slumps after profits from Alphabet and Tesla fail to impress

Drops for Big Tech are dragging U.S. stock indexes lower after Tesla and Alphabet delivered profit reports that hit Wall Street with a thud.

https://neworleanscitybusiness.com/blog/2024/07/24/big-tech-slumps-after-profits-from-alphabet-and-tesla-fail-to-impress/

Buy The Dip? Market Expert Says Recent Pullback Part Of Healthy Bull Market: 'A Little Tiny Ounce Of Volatility, It Feels So Foreign' - Alphabet ( NASDAQ:GOOG ) , SPDR S&P 500 ( ARCA:SPY )

The SPDR S&P 500 Index SPY opened sharply lower Wednesday following disappointing earnings reports from mega-cap tech stocks like Tesla Inc TSLA and Alphabet Inc GOOG. But, Cameron Dawson, chief investment officer at NewEdge Wealth, said that it was too early to call a top in the market and that ...

https://www.benzinga.com/markets/equities/24/07/39939788/buy-the-dip-market-expert-says-recent-pullback-part-of-healthy-bull-market-a-little-tiny-ounce-o

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Alphabet Inc. Price History

24.06.2024 - GOOGL Stock was down 5.0%

• GOOGL witnessed a notable decline in its stock value today.
• Although surpassing revenue and earnings expectations, Alphabet's stock saw a decrease of over 4%.
• The tech industry saw a downturn following underwhelming earnings reports from Alphabet and Tesla.
• This market response indicates that robust earnings do not consistently lead to immediate stock price increases, underscoring the significance of investor sentiment and market anticipations.

24.06.2024 - GOOGL Stock was down 5.1%

• The bearish movement in GOOGL's stock today can be attributed to the disappointing Q2 earnings report, which highlighted slower ad growth and raised concerns about the sustainability of AI investments.
• The market sentiment towards tech stocks, including Alphabet, turned negative as investors reacted to the overall underperformance in the sector following the earnings reports.
• Analysts' expectations of double-digit growth for tech giants like Google were not met, leading to a sell-off in the stock as investors reevaluated the impact of AI investments on the company's future earnings potential.

24.06.2024 - GOOGL Stock was down 5.6%

• Alphabet Inc. (GOOGL) saw a significant decrease in its stock value after reporting second-quarter earnings.
• The underwhelming earnings, especially in terms of YouTube advertising revenue, were a key factor in the stock's drop.
• The broader tech industry, including companies like Nvidia and AMD, also experienced a sell-off, impacting Alphabet's stock performance.
• Weak earnings reports from Tesla and Alphabet contributed to a broader decline in the tech sector, raising concerns about its sustainability in the stock market.

24.06.2024 - GOOGL Stock was down 5.6%

• The bearish movement in GOOGL's stock price can be attributed to the disappointing quarterly earnings released by the company.
• The overall market sentiment towards tech stocks, including Alphabet and Tesla, was negative, leading to a broader sell-off in the tech-heavy Nasdaq Composite.
• Investors may have reacted to the weak earnings results by rotating out of tech stocks and into bonds, seeking safer investment options amidst the market uncertainty.
• Despite the recent bearish movement, it's worth noting that Alphabet had previously surged after strong Q1 results, showcasing the volatility and unpredictability of the stock market.

24.06.2024 - GOOGL Stock was down 5.2%

• GOOGL stock experienced a significant decline today, contributing to the overall bearish movement in the market.
• Disappointing earnings reports from Alphabet, along with Tesla, weighed heavily on Big Tech stocks, leading to a sell-off in the market.
• Analysts warning of potential volatility ahead for Alphabet may have added to the negative sentiment surrounding the stock.
• The pullback in the market, driven by lackluster performances from key tech companies, suggests that investors are reevaluating the sustainability of the recent equity rally, particularly in the AI and tech sectors.

24.06.2024 - GOOGL Stock was down 5.4%

• GOOGL experienced a strong bearish movement today, dropping over 4.5%.
• The market downturn was driven by weak earnings reports from tech giants like Tesla, Alphabet, and Visa, leading to a broader rotation out of tech stocks.
• Concerns about higher spending on AI investments at Alphabet contributed to the stock's decline, despite analysts raising price targets based on Google's strengths in the AI sector.
• The fear of squeezed margins due to rising AI infrastructure investments and tough competition for ad dollars on YouTube added to the negative sentiment surrounding Alphabet's stock today.

24.06.2024 - GOOGL Stock was down 5.5%

• Tech shares, including Alphabet, fell following unsatisfactory earnings reports from Alphabet and Tesla, contributing to a 2.1% drop in the Nasdaq Composite.
• Despite robust Q2 results for Alphabet, investor concerns regarding increased expenditures on AI investments influenced a bearish outlook.
• The overall market sentiment was pessimistic, with the S&P 500 decreasing by 1.5% as investors shifted from tech stocks to bonds.
• The decline in Alphabet's stock price was also affected by apprehensions about Chinese luxury demand impacting other luxury stocks, along with Tesla reporting a lower EPS for the quarter.

24.06.2024 - GOOGL Stock was down 5.2%

• Alphabet Inc. (GOOGL) posted better-than-expected earnings and sales results for its second quarter, which typically would have been a positive catalyst for the stock. However, the market sentiment was overshadowed by the overall bearish trend.
• The decision by Wiz to abandon $23 billion acquisition talks with Alphabet might have also contributed to the negative sentiment surrounding the stock, as investors may have been looking forward to potential growth opportunities through acquisitions.
• The disappointing earnings reports from other tech giants like Tesla, which also saw a sharp decline in its stock price, likely added to the overall pessimism in the tech sector, dragging down Alphabet's stock as well.
• The lackluster performance of Big Tech companies, including Alphabet, following their earnings reports, failed to impress investors, leading to a broader decline in the stock market, with the S&P 500 falling as a result.

24.06.2024 - GOOGL Stock was down 5.9%

• Alphabet's disappointing profit report contributed to the bearish movement in GOOGL stock.
• The lackluster earnings from Alphabet failed to impress investors, leading to a slump in Big Tech stocks, including Alphabet and Tesla.
• Despite some analysts rating Alphabet shares as a Buy due to strong search revenue, the overall market sentiment was dampened by the underwhelming performance.
• The broader tech sector, including chip stocks like Nvidia and AMD, also experienced a selloff, further adding to the negative sentiment in the market.

24.06.2024 - GOOGL Stock was down 5.7%

• GOOGL shares declined despite exceeding Q2 expectations, mainly due to concerns surrounding YouTube advertising revenue and margin declines.
• The broader tech sell-off was influenced by disappointing earnings from tech giants like Tesla and Alphabet, resulting in a Nasdaq index drop.
• Market sentiment regarding Big Tech's role in driving stock market growth was impacted by unsatisfactory performances from key sector players.
• Analysts are closely observing the effects of artificial intelligence investments on tech firms' growth and earnings, paying special attention to sustainability and profitability in the long run.

24.06.2024 - GOOGL Stock was down 5.8%

• The bearish movement in GOOGL stock today could be attributed to the surprising capital spending revealed by the company.
• The news about search gains and the appointment of a new CFO driving Alphabet stock buzz might have been overshadowed by concerns over the company's capital expenditure, leading to the downward movement.
• Analyst calls and premarket trading movements may have also influenced investor sentiment, contributing to the bearish trend in GOOGL stock.
• The overall market retreat mode, as indicated by the European equities being lower and S&P 500 futures down, could have added pressure on Alphabet's stock performance, aligning with the broader negative sentiment in the market.

24.06.2024 - GOOGL Stock was down 5.2%

• The bearish movement in GOOGL stock can be attributed to the weak earnings report released by the company, which disappointed investors and led to a 5.2% decline in the stock price.
• The overall tech sector faced a downturn, with stocks like Tesla and Alphabet contributing to the negative sentiment after missing earnings estimates and reporting disappointing figures for key business segments like Youtube.
• Market sentiment turned bearish as investors worried about excessive equity prices and potential overvaluation, leading to a rotation out of tech stocks and into bonds.
• Despite some companies reporting good earnings, such as AT&T, the sympathy sell-off in the market further fueled the downward pressure on tech stocks like GOOGL.