Oops

It was just a month ago we were discussing all time highs for Google’s stock price.

Now Google has released earnings, prematurely …

“Earlier this morning RR Donnelley, the financial printer, informed us that they had filed our draft 8K earnings statement without authorization. We have ceased trading on NASDAQ while we work to finalize the document. Once it’s finalized we will release our earnings, resume trading on NASDAQ and hold our earnings call as normal at 1:30 PM PT,” the company said.

Now Google’s stock price is off $68, ~10%, and trading is halted.

So far, reports are that earnings are what they are expected to be.

New All Time High

It has been about 5 years since Google’s stock price has been at this level.

As of this writing, the stock is at $748.95 (2:32PM EDT).

Now it is a matter if the stock can break through with conviction to new highs.

If so, then a retest of new highs would be expected (and appreciated by all the break out traders that might miss the first move).

Google Down Facebook Flat

Unless you are living under a rock – and even then – you know that Facebook went public today under the ticker FB.

Facebook was priced at $38, opened at $42 and never saw that price again.

Not sure if that is a great sign for Facebook’s stock price – barely able to close above the $38 price.

Google’s stock never gained any traction today.  Bumped up a bit in price early, peaked at 11AM, then all downhill from there closing down $22.65.

Google Stock Split

What, Google announces a stock split … and the price goes down?

Down $15 as of this writing.

It appears that Google plans to issue non-voting stock going forward.  The intention is to allow management to maintain control.

This is a 2-1 stock split that creates one of largest block of non-voting shares.  Technically , it is a stock dividend.  And there has been no date published.

Oh by the way, earnings were also announced.

Google Bad Neighbor

It happens.

You hang out with bad neighbors and you get slammed.

Motorola Mobility Holdings

Apparently, Motorola Mobility Holdings – which Google is set to acquire for $12.5B – announced worse than expected financial results.

We know how it works.  Shoot first, ask questions later.  Apparently Google’s stock price is reflecting Motorola’s results.

Google Stock Going Mobile

Google announce 3Q2011 financial results.

Revenue was up 33% versus the same period last year – closing in on the $10B mark for the quarter.

Lot of emphasis on mobile.

CEO Larry Page said that the total number of Android devices activated worldwide is 190 million (and growing).

As you might expect, GOOG stock price has responded favorably, up over $32 (5.80%) as of this writing to $591.

Stock Up After Google Announces

That’s what happens when you announce earnings and revenue that exceeds expectations.  Of course, the opposite is true, we just won’t go there today …

As I type, the stock is up 12.08% +63.90 to 592.84.

We could get into the financial side of stuff, but lets talk about Google+.  Yes, that’s Google with a plus sign.

Google’s making a big push to be more social.  Or at least get you to spend more time with Google then with Facebook.

While I haven’t involved myself with Google+, a number of people I know have reporting that some of the Google+ features are an improvement over what Facebook offers.  In particular, the “circle” ability for your friends.  You can create groups, i.e. – circles, of friends.  Something you can’t readily do with Facebook.  Do you really want to tell all of your friends (which might include your dear old grandmother) about your drunken debauchery last night.  I didn’t think so.  Google+ lets you communicate that type of sensitive information to the group of friends that you want to.  Sorry Facebook.

If Google can get you to stay more on their site(s) and less time of that other site, I would expect that to impact the bottom line.

Google+ still has a big hurdle … until my wife mentions Google+ I think Facebook will rule the social wave.

Google Earnings Disappoint Again

This is getting to be a bad habit.

Google stock price is down $40 as of this writing to $538.13.  Google announced earnings of $8.08 per share.  In the fickle world of the stock market missing the $8.11 for a high flying stock like Google can be the kiss of death (see today’s stock price for proof).

Who cares if revenue is up 17% versus the same time period last year or that heavy spending on new hires occurred.

Google Earnings Report for 3rd Quarter 2010

… are good, very good.

Google’s earnings report mentions revenue at $7.29B.  And in case they ever want to buy something, they have 33.4B in case or equivalents available.

The market has reacted favorably to the news, sending the price up my more than 10% from yesterday’s closing price.

Google Earnings Disappoint

See what happens when you miss analysts estimates by 1% – Google stock takes a 5% beating, down $24 as of this writing.

That’s right, Google earnings estimates was $6.52 versus actual at $6.45.  Ouch.

It will be interesting to see if GOOG can close higher than today’s opening of $469.12.  Maybe, just maybe, this will be a slight blip in the cent rally from the early July lows.

Lower term, the stock price has lost a lot of momentum.  The stock recently peaked out around $600 / share near USA tax day, 15 April.  Even the once rising 200 day moving average (~$540) has started to roll over to the downside.

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