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Showing posts from October 26, 2023

Why Google Stock Fell 9% on Wednesday

Google’s parent company Alphabet (NASDAQ: GOOG) reported its third-quarter earnings on Tuesday, October 24, 2023, after the market closed. The results were mixed, as the company beat analysts’ expectations for both revenue and earnings per share, but missed on its cloud segment growth. The Market reacted negatively to the news, GOOG dropping 9% on Wednesday, October 25, 2023, to close at $126.51 per share. This was the worst single-day performance for Google stock since October 26, 2022, when it fell 9.1% following an earnings miss. What Went Wrong for Google? Google is one of the dominant players in the online advertising market, which accounts for most of its revenue and profits. The company has been benefiting from the increased demand for digital ads during the pandemic, as more people shifted to online activities such as shopping, entertainment, education, and work. However, as the economy reopens and consumers resume their offline behaviors, Google faces some headwinds that could...

Logging Earnings Dates, Evolution of my Moneta Program

There are some challenges Investors' face, when utilizing various Strategies to gain income. I do not corral myself into the same groups most Investors seem to use. But undoubtedly, I am a, "Fundamental," Investor. Some differences I see, between the Mindset of a Fundamental and Technical Trader, is that I gather data and perform analysis. In contrast, to my presumption, Technical Analysts believe that Market is efficient and follow the flows of the Market. The difficult part of Fundamental Analysis is that we need access to the Data or Reported Information. If you're not very diversified and follow a small number of Companies, it is not too difficult to keep track. In contrast, anyone following or purchasing numerous shares of numerous companies will find it very difficult to keep track of Earnings Dates.  I realize it is often a bad decision to trade based on older data, when new data is available. To offer some background on the Catalyst for this post, I developed ...