Apr. 29 at 6:39 AM
$GOOGL Welcome to Earnings Day
Today is the day the numbers drop.--price action over the next 24 hours:
1."Deep Breath"
When the opening bell rings today, do not expect fireworks right out of the gate. GOOGL reports their earnings after the market closes. Because of that, today's regular trading hours are usually a massive holding pattern. Institutional money is going to sit perfectly still. The stock will likely chop around sideways in that
$348 to
$353 range as people hold their breath for the closing bell.
2. The action does not start until the market closes at 3:00 PM CDT. At roughly 3:05 PM, the press release will hit the wire, and the trading volume will absolutely explode. The algorithms will instantly scan the report for two specific numbers:
Cloud Revenue: Did it beat the 50% growth target?
The
$185 Billion CapEx Bill: Did management justify the massive AI spending?If those two numbers are green, the stock will gap up violently. If they miss, it will drop just as fast.
