$GOOGL earnings are up next and the Binance Pick crowd is surprisingly bearish: "Will Google beat quarterly earnings?" sits at 23% Yes vs 76% No right now.
That's the odd one out on the board. MSFT is priced 77% Yes, V 76%, AMZN 61%, LLY 63%. So the market thinks big tech mostly delivers this quarter, except Alphabet. Either people know something about the bar being set high, or the No side is crowded.
My take: I wouldn't fade Alphabet that hard on a beat/miss question. Search and cloud are the two things to watch on the call, and the post-earnings move will probably care more about capex guidance than the headline print. A 23% Yes looks cheap to me, but I'm keeping size small until the numbers drop. Event closes Oct 28 06:00 KST.
Are you with the 76% on No, or is the crowd wrong on $GOOGL this time?
nfa, just how i'm reading the odds.
#EarningsSeason #BinancePick #GOOGL #BigTech
That's the odd one out on the board. MSFT is priced 77% Yes, V 76%, AMZN 61%, LLY 63%. So the market thinks big tech mostly delivers this quarter, except Alphabet. Either people know something about the bar being set high, or the No side is crowded.
My take: I wouldn't fade Alphabet that hard on a beat/miss question. Search and cloud are the two things to watch on the call, and the post-earnings move will probably care more about capex guidance than the headline print. A 23% Yes looks cheap to me, but I'm keeping size small until the numbers drop. Event closes Oct 28 06:00 KST.
Are you with the 76% on No, or is the crowd wrong on $GOOGL this time?
nfa, just how i'm reading the odds.
#EarningsSeason #BinancePick #GOOGL #BigTech