 Hello, what's going on? My name is Mark and I thought I would take today to just talk about the Google earnings report Which came out last night, so I Thought I'd take a chance and I would hold hold over the earnings report and initially it looked like it was a pretty good decision Right because it's rallied from from where it closed yesterday. It pushed right up. I think the alphabet shares went to 109 free and Google went to about or like the the alpha shares went right up to like one Was it one one two three? So they rallied right up. So it jumped five percent straight away As soon as the only important earnings report came out right because it beat predictions They was looking for around 30 billion revenue. I'm pretty sure it was and the earnings per share to be around 928 And then it ended up they ended up reporting 31 billion. It was like 9 billion revenue 9 billion profit and what was the earnings per share was around $13 something like that Right and then once the dust settled and everyone kind of looked at what that the report was actually saying It didn't turn out after it still beat expectations But the the hype kind of died down right because there's a couple of things so first of all The the US dollar has been kind of rallying recently. So it's got a lot stronger. So what that means Is if the dollar's stronger? Companies that kind of deal in the dollar is bolstered their their earnings reports, right? So it's just just made it look better than then it actually is I guess I mean I guess it's sort of relative Right, but it just makes it look better on paper when the dollar's stronger because you're earning more So that that was something to take into consideration And there's also been some Accounting changes, right? So and as far as I understand the accounting changing basically means that they have to include The include private companies that they have shares in right and then they have to include That price as part of the revenue even though it hasn't been realized. So it's not actual revenue as such So it's it's it bolsters it in that way and a big one is uber, right, which Was it like 48 billion something crazy? And they got it for five billion. So it's just bolstered that the report I know that that was one in particular that was mentioned was uber but it did actually Beat beat the report still Also predictions or it did beat the prediction is still right because they were looking for 928 earning per share And it ended up doing 993 once you took into account the dollar and the the accounting changes So maybe hopefully when market opens that will be taken into consideration and We will see the price move up again. Hopefully a nice 5% jump would be splendid But apart from that Yeah, you can see it's bouncing off the emf. If you're familiar with my videos, it's still looking okay That's that's why I thought I would hold it and hopefully see it push up We'll see what happens when the market opens. I'll probably set a stop loss somewhere around here One of 48 in case it can like carries on this downtrend in which case I don't know part of that and then maybe look to get in if the earnings pick back up We'll see we'll see on the surface. I would say That it's been a good earnings report. Just there's just a couple of a couple of things to take into consideration I think everything that I've said has been right. I'm pretty sure that that was the outcome Let me know what your thoughts opinions are what you think it's gonna do Also, if you're familiar with the two and a half thousand to ten thousand challenge Do you want that to be? Two and a thousand to ten thousand does that is that was it if you do want that to be kind of every day I can do it every day of people interested in seeing it every day If not, I can do it maybe once a week or maybe a couple of times a week when I'm actually closing the trades because I Do a lot of swing trading, right? So Me keep talking about every day. It's just the same stuff But if people want to see it then I don't mind. I don't mind. But anyway, so that was that thanks for watching people and I'll catch up with you soon if you enjoyed the video make sure you like subscribe to friends to family spread the news and I'll catch you guys later