Month: October 2024

Morgan Stanley sees long-term upside in Alphabet’s AI push

https://preview.redd.it/bb9y61x0ivxd1.png?width=800&format=png&auto=webp&s=3541ef65b9b31a87d9b26ed32b17d983d5827986 Morgan Stanley reaffirmed its bullish outlook on Alphabet in a note Wednesday, raising its price target for the stock from $190 to $205 per share. The investment bank highlighted Alphabet’s focus on AI as a key driver of growth, citing new product launches and improved monetization strategies. Morgan Stanley highlighted the company’s progress in Generative AI (GenAI), with initiatives such as AI-powered search overviews rolling out across 100+ countries, reaching more than a billion people each month. “The extent to which overviews drive incremental monetizable behavior should lead to incremental revenue,” Morgan Stanley noted. In addition, they believe the company’s ability to monetize AI search at similar rates to traditional search has alleviated market concerns about potential revenue loss from the transition. Morgan Stanley also emphasized the growing adoption of AI features. Google Lens processes over 20 billion visual searches monthly, with 25% tied to commercial intent, while Circle to Search is available on more than 150 million Android devices, with a third of users engaging weekly. “Engagement is also skewing younger,” said the bank, adding that it reinforces Alphabet’s position at the top of the consumer funnel. YouTube was another bright spot, with the gap between Shorts and core monetization said to be narrowing, similar to trends seen with Meta Reels. In addition to revenue growth, Alphabet’s efforts to improve efficiency were highlighted. GenAI now generates 25% of the company’s new code, while operating expenses have been reduced through strategic re-engineering. Morgan Stanley said, “GOOGL’s margins continue to improve,” with durable cost-cutting initiatives expected to further boost cash flow. Looking ahead, Alphabet’s capex guidance suggests steady investment, with additional increases anticipated in 2025. Morgan Stanley projects a 7% rise in free cash flow through 2026. Its updated price target of $205 for GOOGL implies a 14% upside. submitted by /u/Lor1al [link] [comments]

Alphabet Q3 results beat analyst estimates as cloud revenue soars; shares jump

https://preview.redd.it/12fxbpu38vxd1.png?width=800&format=png&auto=webp&s=9a9c9eb65c408be872b954e7846fa6953f8d81c4 Google owner Alphabet reported Tuesday third-quarter results that topped Wall Street estimates as the search giant’s advertising revenue climbed, easing concerns about the threat of competition from artificial intelligence search products. Alphabet jumped more than 5% in premarket trading Wednesday. The company reported earnings of $2.12 per share on revenue of $88.27 billion. That compared with expectations for earnings of $1.84 per share on revenue of $86.37B. The beat on the top and bottom lines comes as revenue in its core advertising business grew. Advertising revenue rose to $65.85B in Q3 from $59.65B in the prior-year period, with YouTube advertising revenue rose to $8.92B from $7.95B. Google Cloud revenue jumped 35% year-over-year to $11.35B from $8.41B in the period-year period, above consensus estimates. In a post-earnings note, Jefferies analysts said Alphabet delivered a “gem of a quarter.” “AI feels increasingly like a well-managed tailwind, improving effectiveness of ads, drawing in Cloud customers, and driving internal efficiencies,” analysts led by Brent Thill said in the note. The investment bank raised the price target on the stock from $220 to $235. Separately, analysts at Mizuho Securities said they remain “structurally positive” on Google stock thanks to its strategic positioning in AI to the edge device. However, the firm believes stock multiples will “likely remain in a holding pattern in the short-term due to ongoing regulatory headlines and competitive concerns.” submitted by /u/Lor1al [link] [comments]

🇻🇬/🇺🇸🚀📈 On the H4, GBP/USD broke the upper trendline in a descending channel. The price rose above the cloud, and Tenkan crossed Kijun to Ichimoku.👇

🇻🇬/🇺🇸🚀📈 On the H4, GBPUSD broke the upper trendline in a descending channel. The price rose above the cloud, and Tenkan crossed Kijun to Ichimoku. 📈 In the Daily timeframe, the price fell to the global trendline and rebounded, with DeMarker coming out of oversold condition. submitted by /u/Yuriy_UK [link] [comments]

Bitcoin Miners Adapt to Halving Challenges using AI

Bitcoin miners are adopting AI and cost-cutting measures to tackle challenges resulting from the April halving, which reduced mining rewards from 6.25 to 3.125 BTC per block. A CoinShares report reveals varied outcomes among miners, with average production costs rising to $49,500 per Bitcoin. Miners like Cormint and TeraWulf maintain lower costs, while others face expenses over $40,000. submitted by /u/Aftermebuddy [link] [comments]

V earnings out, trades +1.5% after hours

VISA 4Q ADJ EPS $2.71, EST. $2.58 VISA 4Q NET REV. $9.62B, EST. $9.49B VISA 4Q TOTAL VISA PROCESSED TRANSACTIONS $61.5B, EST. $61.5B VISA 4Q CROSS-BORDER VOLUMES AT CONSTANT CURRENCY +13% submitted by /u/XGramatik [link] [comments]

GOOGL earnings out, +5% after hours

ALPHABET 3Q EPS $2.12, EST. $1.84 ALPHABET 3Q REV. $88.27B, EST. $86.45B ALPHABET 3Q GOOGLE AD REV. $65.85B, EST. $65.5B ALPHABET 3Q GOOGLE CLOUD REV. $11.35B, EST. $10.79B ALPHABET 3Q YOUTUBE ADS REV. $8.92B, EST. $8.89B submitted by /u/XGramatik [link] [comments]

🚀 Momentum is bullish, but the index is overbought: DXY news from OCBC The US dollar (USD) continues to rise amid rising government bond yields.

🚀 Momentum is bullish, but the index is overbought: DXY news from OCBC The US dollar (USD) continues to rise amid rising government bond yields. The US Dollar Index (DXY) is currently set at 104.26. 📈 OCBC analysts Francis Chung and Christopher Wong noted that recent US data, including durable goods orders and economic sentiment data from the University of Michigan, were stronger than expected. submitted by /u/Yuriy_UK [link] [comments]

The car market bubble: ~33% of Americans who financed their cars now owe more on their loans than the vehicle is worth.

This represents 31 million auto-loan accounts registered by the Consumer Financial Protection Bureau. Making things worse, used vehicle prices in the US have dropped by ~22% over the last 3 years. Additionally, 24.2% of vehicles traded-in had negative equity in 2024, the most in 4 years according to Edmunds. These borrowers owed an average of $6,458 more than their car was worth when they traded it in, the most on record. The car loan crisis is here. submitted by /u/XGramatik [link] [comments]

BTCUSD can skyrocket, potentially bringing you over 1500000 points!!! BTCUSD formed a bullish flag pattern and broke the upper boundary approaching ATH. However, before the bull run begins, Bitcoin may retest the trendline again.

☄️ BTCUSD can skyrocket, potentially bringing you over 1500000 points!!! BTCUSD formed a bullish flag pattern and broke the upper boundary approaching ATH. However, before the bull run begins, Bitcoin may retest the trendline again. 🔥 CryptoQuant notes an accelerated rise in BTC demand from individual wallets (excluding exchange and miner wallets) during BTC’s range-bound phase, indicating a notable increase in retail and potential institutional interest. #btc #bitcoin #crypto #btcusd submitted by /u/Yuriy_UK [link] [comments]

🇻🇬/🇺🇸On the H4, GBPUSD is navigating within a symmetrical triangle and tests its upper border. 🎢 The price faces the 50-MA, which provides an extra layer of resistance. However, the RSI breaks above the 50-line, giving mixed opportunities in this case.

🇻🇬/🇺🇸On the H4, GBPUSD is navigating within a symmetrical triangle and tests its upper border. 🎢 The price faces the 50-MA, which provides an extra layer of resistance. However, the RSI breaks above the 50-line, giving mixed opportunities in this case. submitted by /u/Yuriy_UK [link] [comments]

🥇 XAU/USD reached ATH again, testing the trend line. At the same time, the price crossed the upper Bollinger line. ⚡️📊😋

🥇 XAUUSD reached ATH again, testing the trend line. At the same time, the price crossed the upper Bollinger line. TradeIdea 👇 🔼 If Gold breaks the trendline above the 2758, the rise will be up to 2790; 🔽 A rebound will drop XAUUSD to 2740 and then to 2728; ☄️What are your targets for XAUUSD? Share your opinion! 📲 Start Trading with FBS @fbsanalytics submitted by /u/Yuriy_UK [link] [comments]