Googles Earnings Just a Hiccup

For the first time ever Google missed it’s earnings estimates. After listening to the conference call it became clear to me that Google just flat out spent a lot of money on hiring new people and acquisitions to keep up with the potential of their runaway growth. The stock got hammered in after hours trading as momentum players bailed. We’ve seen this before, but the stock always rebounds and moves higher.

Let me say this though, Cramer and the boys on CNBC’s Fast Money didn’t have much to say about the earnings report last night on their respective shows. I get the sense they’re all waiting to see what the street says this morning. No one really dared go out on a limb. Step up boys and tell us what you really think without having to kanoodle with the trading desks the day after.

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Google Earnings Just a Hiccup

For the first time ever Google missed it’s earnings estimates. After listening to the conference call it became clear to me that Google just flat out spent a lot of money on hiring new people and acquisitions to keep up with the potential of their runaway growth. The stock got hammered in after hours trading as momentum players bailed. We’ve seen this before, but the stock always rebounds and moves higher.

Let me say this though, Cramer and the boys on CNBC’s Fast Money didn’t have much to say about the earnings report last night on their respective shows. I get the sense they’re all waiting to see what the street says this morning. No one really dared go out on a limb. Step up boys and tell us what you really think without having to kanoodle with the trading desks the day after.

Leave a Comment

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