Lizzie, there's a pre-earnings story on Bloomberg that takes quotes from 5 analysts.
Youssef Squali (Jeffires), "the most accurate Internet analyst", expects Google to beat his numbers of $1.78/share and revs of $1.28 b. Safa Rashtchy of Piper says the same thing. Robert Peck at Bear says they'll beat his numbers. Jordan Rohan (RBC), ditto.
NOBODY on the Street thinks that GOOG will miss. NOBODY thinks that the advert market is slowing down. You might find some random blogger that thinks this, but it sure as heck isn't in the stock at all.
The number GOOG needs to beat for the stock to run up, IMO, is around $2. Top that, you'll see a gap up. Below that, the stock drops. If for some really weird reason there is some indication that Internet advertising is slowing down, GOOG will be down $100, because that would absolutely stun people. It also isn't going to happen, of course. |
