Google Kneejerk on Earnings Drop?

Bull Case: Please see line 1. They missed by an amount of revenue that is the equivalent of what they do in about 2 hours of real time. In other words, by the time they are off the conference call, they will have made up for that gap. They came in at 99.9% to expectations. Cloud came in at 98.1%. YouTube Came in at 102.3%. Earnings came in at 101%. Costs came in under (good) at 99.2%.

Bull Case: The stock dropped 8% after this announcement after running up 8% in the last week on what exactly? Broken record here but this is why you always have to just Zoom out...big picture this business is Flourishing. Buy companies at attractive valuations and don't worry about the day to day noise

Bear Case: Market may not have liked 75 Billion Capex, it is growing a little excessively

Bear Case: They missed on cloud revenue

Strategy: Either buy some shares to hold long term or swing trade GGLL tomorrow expecting a sanity check recovery :)