GOOG Sympathy Move Ahead of Earnings Today

24 ต.ค. 2023

The run down to Monday was a sympathy run. It doesn't mean that GOOG is headed for a bad report. Rather, retail investors are selling ETFs or moving money out of stocks into safe havens, or other adjustments to portfolios and 401(k)s. The selling dug into the most recent weak support level.

However, GOOGL has not sent out any advisor in recent weeks regarding its earnings report. Any company this size, and as a veteran company of the stock market, would warn if earnings were going to miss the retail-side analyst estimates. So this is a sympathy move merely because the retail-side selling is moving big-name companies down at this time.

If it has a great earnings report, which the previous runs suggest, then the HFTs may trigger a gap up at open tomorrow. Alphabet had improvement in its quarterly report last quarter. Yearly revenues have been up for 4 years but earnings are up and down as it invests hugely in AI.