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Despite a host of bad news stock in Google (GOOG) seems to be keeping up the pace with rivals Apple (AAPL) and Microsoft (MSFT).

This may be partly because, for the full year to date, Google has been a laggard. Share prices are down 8% for the year so far, while MSFT is up 17.4% and AAPL up a whopping 43.4%.

But over this week the headwinds for Google have gotten worse:

Not all the news is horrible. Google is starting to get its arms around its legal troubles in the European Union, and it is adding an ad-muting feature that will make some ad blockers redundant.

But the big news is mostly negative, and investors have to wonder about Google's top-line growth prospects when it announces earnings July 12. Even with its 2012 fall it still sports a PE ratio of 18, against 14.84 for AAPL and 11.1 for MSFT. So there remains a sound bear argument in the stock, despite this week's action.

Google revenues fell below last quarter's "whisper number" - the most optimistic earnings expectations from analysts - and the earnings whisper number for this quarter is $9.95/share. The current "Earnings Whisper Pivot Point" for the stock is $584, $10/share below current prices.

Source: Google Stock Surviving A Very Bad Week