2020-04-30 • Updated
Alphabet presented its Q1’2020 results on Tuesday, and they proved to be not that bad. In fact, they were not bad at all, especially given the virus damage circumstances. Below are some of them.
Source: Alphabet Investor Relations
So an increase in revenues 13% in the first quarter of 2020 stands against 17% in the same for 2019 year over year. Bad, but not that bad. Could have been much worse – and that’s exactly what the market was expecting. So Google did better than the forecast even falling below the normal expansion trajectory. But the strong part comes next.
Source: Alphabet Investor Relations
Google Cloud and YouTube ads did really well. These are the core engine for Google’s performance, and these did not fail. Expansion in Cloud and YouTube service was the main reasons why investors were fairly pleased with the results. Consequently, the stock price surged.
Before the webcast, the share price was at $1,232, coming to test April’s lows. Observers were not expecting much from the results – that’s why that made so much contrast to the positive performance of the company. Upon the release, the stock jumped to $1,332 making a 8% leap. So is it a buy now?
Even the presenters of the results including Sundar Pichai himself hinted that the second quarter of 2020 will be much tougher and gave other signs that there is no 100% certainty about sustainability of the numbers they brought. However, the fundamentals still say that Google is a good bet – primarily because the advertising revenue doesn’t seem to be damaged that much by the virus. And as long as it stay the core source of the income for the company, there should be no strategic obstacle for Google to keep growing.
Crude oil futures surged on Monday due to disruptions in Russian refining capacity caused by Ukrainian drone strikes and Moscow's decision to cut output to comply with OPEC+ targets. The West Texas Intermediate (WTI) contract for May settled at $81.95 a barrel, up $1.32, while the Brent contract for May settled at $86.57 a barrel, also up $1.32. Russia instructed...
Brent oil is currently on a bullish trend, facing resistance near $84 and supported by the 200-day EMA. Breaking above this level could lead to a climb towards $90. Short-term support is observed around $80, backed by the 50-day EMA. As summer approaches and travel increases, crude oil tends to benefit from seasonal patterns. Despite temporary setbacks, buying...
Bearish Scenario: Sales below 80.00 with TP1: 79.34, TP2: 78.94, TP3: 78.55, and 78.00 Bullish Scenario: Buys above 78.00 (wait for a retracement to the zone) with TP: 79.34 TP2: 80.00, and TP3: 81.00
Jerome H. Powell, the Federal Reserve chair, stated that the central bank can afford to be patient in deciding when to cut interest rates, citing easing inflation and stable economic growth. Powell emphasized the Fed's independence from political influences, particularly relevant as the election season nears. The Fed had raised interest rates to 5.3 ...
Hello again my friends, it’s time for another episode of “What to Trade,” this time, for the month of April. As usual, I present to you some of my most anticipated trade ideas for the month of April, according to my technical analysis style. I therefore encourage you to do your due diligence, as always, and manage your risks appropriately.
Bearish scenario: Sell below 1.0820 / 1.0841... Bullish scenario: Buy above 1.0827...
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