Start trading the instruments of your choice on the XM MT4 and MT5, available for both PC and MAC, or on a variety of mobile devices.
Google parent Alphabet was late in joining last year’s tech rally but a powerful rebound in digital ad revenue in the fourth quarter helped the stock catapult to new heights.
Alphabet was one of the few Big Techs that saw its revenue plunge during the pandemic-induced economic slump as income from online advertising – its biggest revenue source – plummeted.
However, a full recovery cannot happen until a good degree of normality has been restored in the travel industry and that probably won’t occur until most countries globally have caught up with the vaccine leaders such as the UK and US.
Nevertheless, the advertising rebound is expected to have continued in Q1 and the consensus estimate by Refinitiv IBES is for a 24.75% year-on-year increase in ad revenue to $42.12 billion.
Alphabet stock closed at a new all-time high of $2,309.93 on Monday.
If there is a downward correction in the stock, the 50-day moving average could provide some support before the price revisits the $2,000 region.
The Company has a comparable price/earnings multiple with the rest of the tech clan, both on a trailing and forward basis.
The results of its cloud computing division – Google Cloud – will be under the spotlight too as the Company will report separate figures for this segment for the first time.
However, even if Alphabet is able to please investors with its latest earnings, there is the issue of ongoing antitrust investigations in both Europe and the United States.
Legal disclaimer: The material does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instruments.
We aim to establish, maintain and operate effective organisational and administrative arrangements with a view to taking all reasonable steps to prevent conflicts of interest from constituting or giving rise to a material risk of damage to the interests of our clients.
Other cookies help us improve our website’s performance and your experience through personalising content, providing social media features and analysing our traffic.
Cookies do not transfer viruses or malware to your computer.
For example, session cookies are used only when a person is actively navigating a website.
For example, we might use cookies to keep track of which website pages are most popular and which method of linking between website pages is most effective.
Another use of cookies is to store your log in sessions, meaning that when you log in to the Members Area to deposit funds, a “session cookie” is set so that the website remembers that you have already logged in.
In addition, functional cookies, for example, are used to allow us to remember your preferences and identify you as a user, ensure your information is secure and operate more reliably and efficiently.
Google may use this information to evaluate your use of the website, to compile reports on website activity and to provide other services related to website activity and internet usage.