GOOGL got absolutely hammered pre-market even though they beat market expectations on earnings, increasing their capex spend on AI-related technology. However, investors are not confident that GOOGL can cope with these goals and decide to sell off.
So the bottom line is a clear earnings beat does not always reflect in the stock movement. There are many layers of consideration in place, this is the exact reason why I do not trade earnings.
With that said. I still believe in the business model and market cap that GOOGL has, it will be just a short term tailwind.
@PawsAndProfits - Specialist in combining FA and TA for Options selling and Swing trading.[666]
Modify on 2026-07-24 04:17
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