Alphabet Surpasses Revenue Expectations Amid Strong Digital Ad Sales
July 24, 2024
Breaking News
Image source: Photo by alban on Unsplash
Alphabet Surpasses Revenue Expectations Amid Strong Digital Ad Sales. 📈 Alphabet reported a robust second quarter with revenue and profit surpassing estimates, driven by strong digital ad sales and cloud computing demand. Despite the positive results, mixed investor reactions highlight ongoing concerns about high capital expenditures and future AI technology developments. Reuters reports.
The Warm Up
🌐 WizDeal: Google’s $23 billion deal with Wiz is off. MarketWatch reports.
⚖️ DeltaDilemma: Delta faces US investigation over handling of system outage. Yahoo Finance reports.
🚗 Accelerate: GM far exceeds second-quarter estimates. CNBC reports.
🎧 TuneDrop: Spotify reports record quarterly earnings. Reuters reports.
🚛 EarningsExpress: UPS shares slide on earnings miss, guidance cut. CNBC reports.
🔺 InflateCola: Inflation drove prices higher at Coca-Cola. Yahoo Finance reports.
A Question About Risk
*Bob Iaccino is a chief market strategist and co-founder of Path Trading Partners. He joins us live every Thursday from 11am ET, as our Risk Management educator.
Is It Advisable to Trade During Consolidation If Your System Is Based on Consolidation?
Consolidation is tricky because it is defined by the time frame. Someone might see consolidation on a five-minute chart, while another person looking at a daily chart might see a strong trend.
Consolidation is based on time frame and duration, so it really depends on your strategy. The number one thing to focus on is controlling risk in everything you do. That's the most important thing.
Yesterday’s Biggest Movers
The closing price of the top three market percent gainers trading near or above $3 on July 23.
*All pricing and percent gains are based on regular market trading hours from 9:30am to 4:00pm Eastern Time
1. $RGC: Regencell Bioscie
Total gain: 343.92%
The stock appeared to be moving on no notable news.
2. $AZTR: Azitra
Total gain: 195.68%
The stock appeared to be moving on no notable news.
3. $SLRX: Salarius Pharmaceuticals
Total gain: 68.83%
The stock appeared to be moving on no notable news.
Today’s Notable Earnings
*Estimate and Actual numbers represent Earnings Per Share in US Dollars
F: Ford Motor
2Q 2024
After Market Close
Estimate: 0.660
Actual: N/A
WHR: Whirlpool
2Q 2024
After Market Close
Estimate: 2.380
Actual: N/A
FSBC: Five Star
2Q 2024
After Market Close
Estimate: 0.490
Actual: N/A
Today’s Key Economic Dates
Time (ET) / Report / Period
10:00 am - New home sales - June
Parting Thoughts
"In investing, what is comfortable is rarely profitable."
― Robert Arnott
Sourced in:
“The Fundamental Index: A Better Way To Invest”, by Robert Arnott, published in
2008.