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High expectations for Alphabet's Q4 earnings — #SaxoStrats
There are high expectations from Wall Street for Alphabet’s Q4 earnings report on Thursday, Saxo Bank’s head of equity strategy Peter Garnry explains.
Analysts expect 10-15% growth on top and bottom line; these expectations are driven by strong growth in the online advertising which is taking marketshare from offline advertising, says Garnry.
He is also looking for comments on Alphabet's new self-driving car subsidiaries. Part of the future for Alphabet is diversifying its businesses away from their reliance on online search, Garnry adds.
Look for margin expansions, key comments on self-driving cars, and an uptick in YouTube’s growth, Garny concludes.
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Tags: alphabet, equities, google, margin, peter garnry saxo bank, saxotrader, saxotradergo, self-driving car, tradingfloor.com
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