Google’s post-earnings jump has vanished
Alphabet jumped as much as 4% on the heels of its impressive quarterly results, helping the Magnificent 7 cohort cap its best week since January 2023.
All of those gains have now been erased.
Goldman Sachs gave a special shout-out to Alphabet’s earnings as being one of the three constructive signs for US stocks, but shareholders (self included!) haven’t been rewarded for that. It’s the second-worst-performing member of the Magnificent 7 since reporting, trailing only Amazon.