Beneath Alphabet's 29% Annual Rise And The Potential Implications Of Alphabet's Highly Anticipated Q2 Earnings
Portfolio Pulse from Zaheer Anwari
Alphabet Inc.'s shares declined by 2.54% on Monday, following an unsuccessful attempt to surpass the resistance level at $122.43. Despite this, the company's stock has seen a 29% increase for the year. The market may experience further weakness, potentially leading to Alphabet's shares dropping to around $100. The company's Q2 earnings announcement is highly anticipated, with analysts predicting an increase to 1.34 from Q1's 1.17.
July 11, 2023 | 2:01 pm
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Alphabet's shares declined by 2.54% on Monday, but the stock has seen a 29% increase for the year. The company's Q2 earnings announcement is highly anticipated, with analysts predicting an increase.
The decline in Alphabet's shares is a result of an unsuccessful attempt to surpass a resistance level. However, the stock has performed well over the year, with a 29% increase. The upcoming Q2 earnings announcement could potentially impact the stock price, with analysts predicting an increase in earnings.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100