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Find new investment opportunities based on Market Sentiment Indicator. Manage watchlist risk with leading indicator of volatility See what influential analysts and investors are saying about stocks in your watchlist
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RunnerstocksFind out what happening right now and get all the pieces of the puzzle on important data activity before the major news sources break the story and see what are the trends
Wall Street predicts that Google will post a profit per share of $1.34 on revenues of $72.86 billion. The expectation is that Google's revenues from the advertising market will be 57.45 billion dollars, while the revenues from the cloud market will be 7.87 billion dollars. Although it experienced a decrease in the number of advertisers in the last year, the stock increased by 38% since the beginning of the year and by 13% in the last year as a whole. Many analysts have raised their expectations for the company's stock in recent weeks as the average price target stands at $134.94.
"The main focus of investors will be on all things artificial intelligence, as the market is still trying to identify the strongest players in the $800 billion market that is expected to change the technology industry in the coming decade," wrote Dan Ives of Woodbush.
The company's CEO Sundar Pichai then said about the development of artificial intelligence (AI) that it is the most sublime technology that humanity has seen - "It is more sublime than fire or electricity or anything else we have done before. Artificial intelligence understands the essence of what intelligence is, what humanity is." The rapid development of artificial intelligence and competition in the field against Microsoft and OpenAI, which developed ChatGPT, led Google to launch its answer - Bard.
About a month ago, Google announced job cuts at the Waze subsidiary that operates the popular navigation application. This is against the background of the decision to merge the application's advertising system with Google Ads technology. At this stage, the company, which employs about 150 workers in Israel, has not yet published additional details on the number of those laid off. In an email sent to the company's employees by Chris Phillips, the manager of Google's maps division (Geo), it is written that the company has decided to change its strategy and include Google Ads instead of using a separate ad system. A move which is expected to lead to layoffs mainly of sales and marketing employees.
In its previous reports, the company beat the forecasts. The revenues in the first quarter of this year amounted to 69.7 billion dollars. Earnings per share amounted to $1.17 per share. Wall Street analysts were expecting adjusted earnings of $1.06 per share on revenue of $68.83 billion. Google also announced a $70 billion buyback plan.
Please note that the article should not be considered as investment advice or marketing, and it does not take into account the personal data and requirements of any individual. It is not a substitute for the reader's own judgment, and it should not be considered as advice or recommendation for buying or selling any securities or financial products.
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Disclaimer:
The Score performance whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. The results reflect performance of a strategy not historically offered to investors and does not represent returns that any investor actually attained.
The results reflect performance of a strategy not historically offered to investors and does not represent returns that any investor actually attained. The Readiness Indicators, Sentiment Indicators and total score are calculated by the retroactive application of a model constructed on the basis of historical data and based on assumptions integral to the model which may or may not be testable and are subject to losses. Active trading is generally not appropriate for someone of limited resources, limited invesment or trading experience, or low-risk tolerance. Your capital may be at risk.
Please note that no offer or solicitation to buy or sell securities, securities derivatives of future products of any kind, or any type of trading or invesment advise, recommendation or strategy, is made, given or endorsed by StocksRunner including any of their affiliates ("TS").
This information is provided for illustrative purposes only. You should not rely on any advice and/or information contained in this website and before making any investment decision. we recommend that you consider whether it is appropriate for your situation and seek appropriate financial, taxation and legal advice.
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Disclaimer:
The Score performance whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. The results reflect performance of a strategy not historically offered to investors and does not represent returns that any investor actually attained.
The results reflect performance of a strategy not historically offered to investors and does not represent returns that any investor actually attained. The Readiness Indicators, Sentiment Indicators and total score are calculated by the retroactive application of a model constructed on the basis of historical data and based on assumptions integral to the model which may or may not be testable and are subject to losses. Active trading is generally not appropriate for someone of limited resources, limited invesment or trading experience, or low-risk tolerance. Your capital may be at risk.
Please note that no offer or solicitation to buy or sell securities, securities derivatives of future products of any kind, or any type of trading or invesment advise, recommendation or strategy, is made, given or endorsed by StocksRunner including any of their affiliates ("TS").
This information is provided for illustrative purposes only. You should not rely on any advice and/or information contained in this website and before making any investment decision. we recommend that you consider whether it is appropriate for your situation and seek appropriate financial, taxation and legal advice.
