Ives Robbins
02-05 13:54

$Alphabet(GOOG)$ $Alphabet(GOOGL)$ After reporting Q2 earnings in 2024 (they beat estimates) their stock dropped about 7-8% the following 2 days. It dropped to $167. That was July 2024. For me, Google falls in the category of companies that unless a red flag is raised and there’s some major concern about the company, there’s no reason to trade in and out of it.

The difficult part of being an investor in today’s day and age is how earnings are dissected by folks. With some companies, 99% of earnings numbers can miss estimates, but if there’s one line from a conference call that leaves investor optimistic about the future, the stock will skyrocket. And in other instances like this, earnings can beat estimates and numbers look good, but capex spending, cloud revenue or whatever the naysayers want to nitpick, could disappoint and the stock will go down. After this earnings “disappointment” they’re still up 12% since July’s earnings “disappointment”. Haven’t touched my 900 shares since I started buying in 2020 and don’t plan on doing that after this overreaction either.

No wonder why so many investors lose money trying to time the market 🤦🏼‍♂️

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