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Technology Stocks : Alphabet Inc. (Google) -- Ignore unavailable to you. Want to Upgrade?

To: Glenn Petersen who wrote (15609)	2/1/2022 4:43:04 PM
From: Glenn Petersen	2 Recommendations Recommended By Frank Sully Sr K Respond to of 15857

Alphabet reports big fourth-quarter beat; stock pops PUBLISHED TUE, FEB 1 20223:33 PM EST UPDATED 5 MIN AGO Jennifer Elias @JENN_ELIAS CNBC.com KEY POINTS -- Alphabet beat on the top and bottom lines for the fourth quarter. -- The stock jumped in extended trading after the report. -- The company also announced a 20-for-1 stock split. Google parent Alphabet reported better-than-expected fourth-quarter earnings and revenue. The shares popped more than 6% in extended trading. The company also announced a 20-for-1 stock split that will go into effect in July. Here are the key numbers: Earnings per share (EPS): $30.69 vs $27.34 expected, according to Refinitiv Revenue: $75.33 billion vs $72.17 billion expected, according to Refinitiv YouTube advertising revenue: $8.63 billion vs. $8.87 billion expected, according to StreetAccount Google Cloud revenue: $5.54 billion vs $5.47 billion expected, according to StreetAccount Traffic acquisition costs (TAC): $13.43 billion vs. $12.84 billion expected, according to StreetAccount Alphabet reported revenue growth of 32%, proving again that it was able to withstand the pressures from the pandemic and inflation. The results follow a year of outperformance. The stock surged 65% last year, beating all other Big Tech companies and more than tripling gains in the S&P 500. Google’s advertising revenue came in at $61.24 billion for the quarter, up 33% from $46.2 billion in the same period a year earlier. The company’s cloud unit also beat estimates, with revenue rising 45% to $5.54 billion. The unit’s operating loss came in at $890 million during the quarter, which narrowed from the $1.14 billion loss it incurred a year ago. However it expanded from third quarter, when the unit lost $644 million. Revenue for Other Bets, which includes the company’s self-driving car unit Waymo and life sciences unit Verily, came in at $181 million — down slightly from a year ago. Traffic Acquisition Costs (TAC), which is the metric used to describe what the company pays other websites to acquire traffic, came in higher than Wall Street expected at $13.43 billion. This is breaking news. Please check back for updates. Alphabet (GOOGL) Q4 2021 earnings (cnbc.com)

To: Glenn Petersen who wrote (15609)	2/8/2022 4:07:36 PM
From: Julius Wong	2 Recommendations Recommended By Cogito Ergo Sum Glenn Petersen Respond to of 15857

Alphabet's split decision bodes well for shares - BofA Feb. 08, 2022 12:56 PM ET Alphabet Inc. (GOOG), GOOGL QQQ, SP500, SPY By: Kim Khan, SA News Editor 13 Comments Sean Gallup/Getty Images News Alphabet's (NASDAQ: GOOG) (NASDAQ: GOOGL) proposed 20:1 stock and more aggressive buybacks indicates that management is becoming more shareholder friendly, according to BofA. While it does not change fundamentals, the split can increase liquidity, analyst Justin Post said. "Alphabet shares are currently the most expensive on the NASDAQ ( COMP.IND) (NASDAQ: QQQ), trading near $2,800," the BofA Research Investment Committee wrote in a note. "A 20:1 split would mean the company will trade at about $140/share." "Based on Bloomberg corporate action data since 1980, S&P 500 ( SP500) (NYSEARCA: SPY) stocks that have announced stock splits have significantly outperformed the index 3, 6, and 12 months after the initial announcement," they said. "Stocks that have split on average gained 25% over the next twelve months, versus 9% gains for the broad index." "Some of the outperformance is likely due to momentum. Companies that announce splits have likely seen sustained market outperformance and expect that outperformance to continue," they added. "Underlying strength in the company is a primary driver of elevated prices. Once the split is executed, investors who have wanted to gain or increase exposure may start to rush for the chance to buy." "Stock split announcements have become increasingly scarce over the past decade with the bulk of splits coming before 2000. There have been just 28 stock split announcements in the past five years compared to the peak of 346 between 1996 and 2000. The average 12 month return over the last five years has been 20.9% after split announcements." "Performance is not always positive after a split," they said. "Stocks see negative returns about 30% of the time 12 months later (-22% average)." Along with the split announcement, Alphabet ( GOOG) ( GOOGL) shares benefited from strong digital ad performance. Alphabet's split decision bodes well for shares - BofA (NASDAQ:GOOG) \| Seeking Alpha