Bulletin
Investor Alert

New York Markets After Hours

Sept. 26, 2022, 6:53 p.m. EDT

Is Alphabet Stock a Buy or Sell Before the Release of Consumer Devices and the Cloud Conference?

new
Watchlist Relevance
LEARN MORE

Want to see how this story relates to your watchlist?

Just add items to create a watchlist now:

  • X
    Alphabet Inc. Cl A (GOOGL)
  • X
    Amazon.com Inc. (AMZN)

or Cancel Already have a watchlist? Log In

Sep 26, 2022 (PressReach.com via COMTEX) -- Alphabet stock <SYMBOL COUNTRY="US" EXCHANGE="U.S.: Nasdaq" TICKER="GOOGL" ID="1795093" COMPANY="Alphabet Inc. Cl A" MKTW-TICKER="US:GOOGL" /> was trading at 98.70 as of 03:16 PM EDT by market close.

How resilient is Alphabet stock /zigman2/quotes/202490156/lastsale GOOGL -0.90% to a business slump compared to other technology businesses amid mounting concerns about a U.S. recession? That is a crucial query for investors interested in GOOGL stock . Alphabet’s /zigman2/quotes/202490156/lastsale GOOGL -0.90% technical ratings have declined. On September 23, Google shares fell to a 52-week low of 98.74.

The company will introduce new consumer electronics on October 6 during the “Made by Google” event, which could act as a boost for Google shares. The Google Pixel Watch, the Pixel 7 and Pixel 7 Pro smartphones, and new Nest home gadgets are among the most anticipated pieces of new hardware.

Google; Unstoppable In The Long Run

From October 11 to October 13, Google’s cloud computing division hosts its annual customer conference. The Money 20/20 Fintech Conference is scheduled for Las Vegas from October 23 to 26. After the market closed on July 15, the internet giant finalized a 20-for-1 split for Alphabet shares. Since the stock split, the order to provide the best stock has decreased by around 11%.

As YouTube and its cloud computing division fell short of expectations, Alphabet posted June-quarter earnings and revenue that fell short of Wall Street targets. However, views edged out Google’s primary digital advertising business.

In the second quarter , Alphabet spent $15.19 billion on the repurchase of Google shares, a 19% increase over the same period last year. Over the past 12 months, the market leader in internet search has repurchased $54.58 billion in Google stock.

Alphabet wants to grow its advertising business by focusing on internet searches for online retailers. It also aims to weaken Amazon.com’s /zigman2/quotes/210331248/composite AMZN -1.63% monopoly on product searches.

Analysts predict that Google’s internet search business will do better than other forms of advertising, such as social media. The Performance Max advertising platform has been launched by Google. In YouTube, internet search, display, Discover, Gmail, and maps, purchasing is automated. Advertisers can manage campaigns across the whole Google ad inventory with Performance Max. According to Google, advertisers who use the tools increase the conversion rate of browsers into purchasers.

In 2021, Google eventually outperformed high-tech competitors, long referred to as the “FANG” stocks. But despite a bear market in technology equities, the other FANGs, including Netflix /zigman2/quotes/202353025/composite NFLX -0.07% , Amazon, and Facebook parent company Meta Platforms /zigman2/quotes/205064656/composite META +0.63% , have suffered this year.

In 2021, Alphabet stock increased by 65% . Alphabet stock has lost 30% so far in 2022, underperforming the S&P 500. The S&P 500 has fallen by around 19.5%. The Alphabet stock split may eventually open the door for the tech titan to join the Dow Jones Industrial Average. Retail investors might be more drawn to Alphabet stock.

The broad picture: as the coronavirus emergency subsides in 2022, Google shares will confront more challenging year-over-year growth comparisons. In light of a potential economic downturn, Google intends to reduce recruiting. Google’s CEO urged staff members to increase productivity in a new initiative called “Simplicity Sprint.

Featured Image- Megapixl @ Miluxian

Please See Disclaimer

Visit PressReach.com To Get More Articles Like This

Author: Jowi Kwasu
Market Jar Media Inc.
info@marketjar.com
#170 - 422 Richards Street
Vancouver, BC, Canada
V6B 2Z4
1.800.340.9767

COMTEX_415338929/2810/2022-09-26T18:52:32

Is there a problem with this press release? Contact the source provider Comtex at editorial@comtex.com. You can also contact MarketWatch Customer Service via our Customer Center.

/zigman2/quotes/202490156/lastsale
US : U.S.: Nasdaq
$ 95.19
-0.86 -0.90%
Volume: 20.04M
Nov. 29, 2022 4:00p
P/E Ratio
19.16
Dividend Yield
N/A
Market Cap
$1244.39 billion
Rev. per Employee
$1.79M
loading...
/zigman2/quotes/202490156/lastsale
US : U.S.: Nasdaq
$ 95.19
-0.86 -0.90%
Volume: 20.04M
Nov. 29, 2022 4:00p
P/E Ratio
19.16
Dividend Yield
N/A
Market Cap
$1244.39 billion
Rev. per Employee
$1.79M
loading...
/zigman2/quotes/210331248/composite
US : U.S.: Nasdaq
$ 92.42
-1.53 -1.63%
Volume: 65.23M
Nov. 29, 2022 4:00p
P/E Ratio
84.87
Dividend Yield
N/A
Market Cap
$958.45 billion
Rev. per Employee
$312,308
loading...
/zigman2/quotes/202353025/composite
US : U.S.: Nasdaq
$ 280.96
-0.21 -0.07%
Volume: 5.63M
Nov. 29, 2022 4:00p
P/E Ratio
25.16
Dividend Yield
N/A
Market Cap
$125.13 billion
Rev. per Employee
$2.79M
loading...
/zigman2/quotes/205064656/composite
US : U.S.: Nasdaq
$ 109.46
+0.68 +0.63%
Volume: 23.38M
Nov. 29, 2022 4:00p
P/E Ratio
10.43
Dividend Yield
N/A
Market Cap
$288.45 billion
Rev. per Employee
$1.64M
loading...

This Story has 0 Comments
Be the first to comment

Story Conversation

Commenting FAQs »

Partner Center

Link to MarketWatch's Slice.