Google Goes Wild After Hours After Beating Estimates, Projecting Mindblowing CapEx Heading into today’s Alphabet earnings, we said that as a result of positioning (GOOGL positioning was 9.5/10 according to Goldman’s desk), it would be difficult for the stock, which was already priced to perfection, to impress an increasingly skeptical Wall Street, especially on the day when momentum saw its 4th biggest drop on record. Well, that’s what happened, at least initially because despite solid results which beat across the board, the company’s shocking capex guidance (see below) absolutely spooked investors, who promptly sent the stock down as much as… — Continue at ZeroHedge News : Read More
