Google Stock Could Rise Sharply On Q4 Results


  • I am bullish on Google stock heading into Q4 earnings, as I believe that the market may be too pessimistic regarding the search giant’s potential to top expectations.
  • Although I understand that the market for digital advertising continues to be under-pressured, I see upside coming from three major tailwinds.
  • As compared to Q3, (1) global macro conditions have improved, (2) FX headwinds from a strong Dollar have eased, (3) and OPEX spending has likely been more disciplined.
  • Moreover, any comment hinting that Google is working on a competitive platform similar to ChatGPT could likely catalyze a share explosion independent of Q4 results.
  • Going into Q4, I suggest investors consider 105/115 %-moneyness call spreads with a February 10th expiration date.

Google"s Parent Company Alphabet To Report Quarterly Earnings On Tuesday

Justin Sullivan


All eyes are now on Google’s (NASDAQ:GOOG) Q4 results, which are set to be released on February 2nd after the market closes. Due to a decline in digital ad spending, market expectations are low, and analysts believe the

GOOG vs SPY 1 year performance

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Google revenue revisions for Q4

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Google EPS revisions for Q4

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US Dollar Index performance

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Disclosure: I/we have a beneficial long position in the shares of GOOG, META either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Additional disclosure: Not financial advice.

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