Google (GOOG) is up 27% since it delivered its Q2 report: signs of rebounding ad prices, healthy...


Google (GOOG) is up 27% since it delivered its Q2 report: signs of rebounding ad prices, healthy mobile and YouTube growth, and a deluge of positive commentary have all contributed. Going into today's Q3 report, is all the good news baked in? Wedbush recently advised caution on account of macro conditions and the competition provided by e-commerce ad platforms such as Amazon's (AMZN). Baird estimates Amazon, which is stepping up its efforts to woo Madison Ave., will generate anywhere from $500M-$1B in 2012 ad sales.

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