Bullish on Google
🇺🇸📱 Alphabet $GOOGL is down -4% today
Let's try to explain that
1️⃣ CAPEX are up and should remain high - the market fails to note that it is for future growth and the company's ROIC is above 20%
2️⃣ Despite being down 8% from its ATH, the stock is still up 25% since January 24. This is a normal healthy consolidation / profit taking
3️⃣ Slowdown in advertising growth
I think the company has a lot of leverages to improve its net profit margin: Cloud growth, AI and operational efficiency
A calm long term investor would wait for the end of this consolidation phase to reinforce its position
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