Business Magazine

Fickle Friday – Google Goes Down as Costs Inflate

Posted on the 15 April 2011 by Phil's Stock World @philstockworld

Don’t get me wrong, we love Google long-term but we did short them as well as BIDU into Google earnings as we felt Google would disappoint enough to spook BIDU investors as well.  We’re taking the short money and running and looking for some bullish plays now – the drop from $630 last month to $545 today is plenty of froth blown off the top for us to get long-term interested again.  As you can see from the tag cloud of the Conference Call, growth is still there, especially in mobile display ads (Android a bit disappointing) and no major negatives.  I’m not going to write a whole thing about GOOG though, there are thousands of people doing that and our Members know well enough where I stand.  I’m more interested in examining the bigger picture.  

Fickle Friday – Google Goes Down as Costs Inflate

We expected Q1 earnings to be rough and we’ve already seen FDX, NKE, ORCL, RIMM, FAST, FCS and AA struggle so hopefully you don’t have to be hit on the head with another whole week of earnings before you get a little more cautious.  Next week we hear from C, HAL, LLY, TXN, BK, GS, INTC, IBM, SYK, USB, VMW and YHOO on Monday and Tuesday and then we’re off to the races with hundreds of companies reporting each week for the rest of the month.  Our job in the first few weeks of earnings season is to get a feel for the quarter and, so far, that feeling is rough.  

Fickle Friday – Google Goes Down as Costs Inflate
It’s all about inflation, of course and don’t say we didn’t warn you about that one!  We went more  bearish up at those 100% lines we’ve been watching and now the question really is – how bad was it?  Inflation is, after all, our long-term BULLISH premise.  We don’t think corporations


You Might Also Like :

Back to Featured Articles on Logo Paperblog

These articles might interest you :

  • Looking for the BEST Copycat Crispy Famous Amos Chocolate Chip Cookies (Part...

    Looking BEST Copycat Crispy Famous Amos Chocolate Chip Cookies (Part Recipes)

    version;YES! I've found you!!!YES! You are the Famous Amos Cookies!!!YIPPEE!!!Please pardon me and my over-reacting ecstatic moments! *nervous chuckle*Am I mad... Read more

    17 hours, 43 minutes ago by   Zoebakeforhappykids
    FOOD & DRINK, RECIPES
  • Jade Eagleson Debut EP Review

    Jade Eagleson Debut Review

    Jade Eagleson gave everyone a Wednesday morning surprise when he released his debut EP. The smalltown Ontario country singer is an emerging star in country... Read more

    The 17 October 2018 by   Phjoshua
    LIFESTYLE, SELF EXPRESSION
  • The Pumpkin Spice Products I’m Buying This Fall

    Autumn is my favorite season and to celebrate I indulge in everything pumpkin spice. l buy the seasonal fall products I’ve come to love, while trying out some... Read more

    The 17 October 2018 by   A Girl In La - Style Blog
    DIARIES, LIFESTYLE
  • Singularity: Jon Hopkins Live Show

    Singularity: Hopkins Live Show

    I do not even remember when I first learned of Jon Hopkins‘ music. Maybe about 4 years ago I discovered his incredible album Immunity that made him a huge name. Read more

    The 17 October 2018 by   Flemmingbo
    CULTURE, PHOTOGRAPHY, TRAVEL
  • Loneliness

    Loneliness

    Most of us are a mixture of extrovert and introvert and I’m no exception. I love getting out and meeting people, chatting and laughing, but, equally, I... Read more

    The 17 October 2018 by   Ashleylister
    BOOKS, CREATIVITY, CULTURE, SELF EXPRESSION
  • Connecting with the Tribe in Annapolis

    Connecting with Tribe Annapolis

    “Drink this. Now.” The Annapolis Boat Show was in full swing, but my friend Nica wasn’t handing me one of Pusser’s famous Painkillers with her demand. She had... Read more

    The 17 October 2018 by   Behan Gifford
    FAMILY, OUTDOORS, SEA, TRAVEL
  • A Quick Note About Voting in the Midterm Election, Part 1

    Voting in the November 6 midterm election has never been more important… or easier! Watch this short instructional video I whipped up, then REGISTER TO VOTE! Yo... Read more

    The 17 October 2018 by   Designerdaddy
    FAMILY, PARENTING

Paperblog Hot Topics

Magazines