GOOG Stock Summary and Trading Ideas (Alphabet - Class C Capital Stock | NASDAQ:GOOG)

Alphabet is a holding company. Internet media giant Google is a wholly owned subsidiary. Google services account for nearly 90% of Alphabet's revenue, of which more than 85% is from online ads. Other Google services revenue is from sales of apps and content on Google Play and YouTube, as well as sales of hardware such as Chromebooks, the Pixel smartphone, and smart home products, which include Nest and Google Home. Google's cloud computing offerings account for a bit more than 10% of total Alphabet revenue. Alphabet's moonshot investments are in its other bets segment, where it bets on technology to enhance health (Verily), provide faster internet access (Google Fiber), enable self-driving cars (Waymo), and more.

Alphabet - Class C Capital Stock trades on the NASDAQ stock market under the symbol GOOG.

As of April 23, 2024, GOOG stock price climbed to $159.91 with 10,539,157 million shares trading.

GOOG has a beta of 1.06, meaning it tends to be more sensitive to market movements. GOOG has a correlation of 0.20 to the broad based SPY ETF.

GOOG has a market cap of $1.99 trillion. This is considered a Mega Cap stock.

Last quarter Alphabet - Class C Capital Stock reported $86 billion in Revenue and $1.64 earnings per share. This beat revenue expectation by $1 billion and exceeded earnings estimates by $.05.

In the last 3 years, GOOG stock traded as high as $161.70 and as low as $83.45.

The top ETF exchange traded funds that GOOG belongs to (by Net Assets): VTI, VOO, SPY, IVV, VUG.

GOOG has outperformed the market in the last year with a price return of +51.0% while the SPY ETF gained +24.3%. GOOG has also outperformed the stock market ETF in the last 3 month and 2 week periods returning +8.3% and +2.4%, respectively, while the SPY returned +4.9% and -2.5%, respectively.

GOOG support price is $155.68 and resistance is $160.22 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that GOOG stock will trade within this expected range on the day.