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GOOGLE Q4 Earnings - Buy the Rumour Sell the News

Companies / Google Feb 04, 2023 - 10:21 PM GMT

By: Nadeem_Walayat

Companies

GOOGLE - $101, EGF -10%, EGF12M -4%. PE 20.

Google declares WAR on Microsoft GPT as founders Larry and Sergey return to lead more than 20 AI projects some of which you will have heard of, many that will be revealed over the coming months. The problem with Google is that the current CEO is a bit of a *****, a manager rather than a visionary, not aggressive enough, not when one looks at Elon Musk and Mark Zuckerberg, hence the founders have come back to get Google back on track to turn it into the ruthless Sky net that we all love, to crush the competition so as to ensure that Google remains the primary AI company on the planet. The bottom line is that Google already has everything to out compete GPT and anything else Microsoft is cooking in attempts to out search Google Search.


Google over the long run is a money making machine which results in a contracting P/E ratio over time. For instance today's valuation at $101 is the same as at the pandemic low when the stock price was $60, achieved with relatively light stock buyback's which is why Google remains numero uno on my list, the safest stock on the planet for the long-run. The stock price is attempting to base ahead of beginning it's bull market proper by targeting a break above $120. Given that EGF's are negative most probable is that Google remains range bound for sometime i.e. between $118 and $84, though I don't see Google breaking to new bear market low. I am 120% invested in Google and will continue accumulate near the lows and trim near the highs of it's range pending a resumption of it's bull market..

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By Nadeem Walayat

http://www.marketoracle.co.uk

Copyright © 2005-2023 Marketoracle.co.uk (Market Oracle Ltd). All rights reserved.

Nadeem Walayat has over 30 years experience of trading derivatives, portfolio management and analysing the financial markets, including one of few who both anticipated and Beat the 1987 Crash. Nadeem's forward looking analysis focuses on UK inflation, economy, interest rates and housing market. He is the author of five ebook's in the The Inflation Mega-Trend and Stocks Stealth Bull Market series that can be downloaded for Free.

Housing Markets Forecast 2014-2018The Stocks Stealth Bull Market 2013 and Beyond EbookThe Stocks Stealth Bull Market Update 2011 EbookThe Interest Rate Mega-Trend EbookThe Inflation Mega-trend Ebook

Nadeem is the Editor of The Market Oracle, a FREE Daily Financial Markets Analysis & Forecasting online publication that presents in-depth analysis from over 1000 experienced analysts on a range of views of the probable direction of the financial markets, thus enabling our readers to arrive at an informed opinion on future market direction. http://www.marketoracle.co.uk

Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any trading losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors before engaging in any trading activities.

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