Joseph Carlson: GOOGL will rise

Said on May 12, 2023, at 15:53 in the video.

What was said
Joseph Carlson

@josephcarlsonshow

“so in my opinion I still think that Google's undervalued I think it's too good for where it's trading and I think it still has more room to run”
Watch at 15:53Google Stock Is Surging, Will It Continue? | Joseph Carlson Ep. 320
PredictionGOOGLwill riseChecked at fixed windows, from 30 days to 5 years
What happenedafter 1 year
Correct

Entry price (first close after the video)

$116.51

May 15, 2023

Price at close

$168.65

May 10, 2024

Total return, dividends included

+44.8%

S&P 500 +27.9%

GOOGL closed at $116.51 on May 15, 2023. On May 10, 2024 it closed at $168.65, a total return of +44.8% (dividends included). SPY's total return over the same window was +27.9%. The call was that it would rise.

30 days

Correct

90 days

Correct

180 days

Correct

1 year

Correct

The window it was checked over

GOOGLWindow checked
$80$100$120$140$160$180$200Nov 2022Mar 2023Jul 2023Nov 2023Mar 2024Jul 2024Said on May 12, 2023
$50$100$150$200Nov 2022Jun 2023Dec 2023Jul 2024Said on May 12, 2023

GOOGL closing prices, adjusted for splits. The shaded span is the one-year window: it starts at the first close after the video went public and ends at the last close on or before one year after the day the video was published.

Result at every window

All windows are shown, so none is picked
Result at every window
WindowResultAt the startAt the endChangeBenchmark
30 daysR-DIR v4Correct$116.51May 15, 2023$122.23Jun 9, 2023+4.9%Total return, dividends includedS&P 500 +4.1%
90 daysR-DIR v4Correct$116.51May 15, 2023$129.69Aug 10, 2023+11.3%Total return, dividends includedS&P 500 +8.4%
180 daysR-DIR v4Correct$116.51May 15, 2023$131.84Nov 8, 2023+13.2%Total return, dividends includedS&P 500 +6.6%
1 yearR-DIR v4Correct$116.51May 15, 2023$168.65May 10, 2024+44.8%Total return, dividends includedS&P 500 +27.9%
3 yearsR-DIR v4Correct$116.51May 15, 2023$388.64May 11, 2026+236.3%Total return, dividends includedS&P 500 +86.0%
5 yearsR-DIR v4Pending——May 10, 2028——
Why: 30 days

GOOGL closed at $116.51 on May 15, 2023. On Jun 9, 2023 it closed at $122.23, a total return of +4.9% (dividends included). SPY's total return over the same window was +4.1%. The call was that it would rise.

Why: 90 days

GOOGL closed at $116.51 on May 15, 2023. On Aug 10, 2023 it closed at $129.69, a total return of +11.3% (dividends included). SPY's total return over the same window was +8.4%. The call was that it would rise.

Why: 180 days

GOOGL closed at $116.51 on May 15, 2023. On Nov 8, 2023 it closed at $131.84, a total return of +13.2% (dividends included). SPY's total return over the same window was +6.6%. The call was that it would rise.

Why: 1 year

GOOGL closed at $116.51 on May 15, 2023. On May 10, 2024 it closed at $168.65, a total return of +44.8% (dividends included). SPY's total return over the same window was +27.9%. The call was that it would rise.

Why: 3 years

GOOGL closed at $116.51 on May 15, 2023. On May 11, 2026 it closed at $388.64, a total return of +236.3% (dividends included). SPY's total return over the same window was +86.0%. The call was that it would rise.

Why: 5 years

Not yet resolved. The window closes May 10, 2028.

What was said around it

seems like a very low p e ratio for such a high quality company the free cash flow yield not counting stock base comp is 4.13 percent what stock based comp that's closer to 3.5 which I still believe is a healthy PE for this company so overall I still think that Google has room to run I would not be surprised to see this company trading at 130 dollars relatively soon that would put the company out around a 20p e ratio and a little bit lower than a four percent free cash flow yield both of them would seem completely reasonable so in my opinion I still think that Google's undervalued I think it's too good for where it's trading and I think it still has more room to run now moving on from Google we have to talk about Disney here for a minute this company is going through a very rough patch investors are concerned about it I know a lot of people are invested in this company because it's such a huge consumer-facing company it really seems almost impossible for such a massive successful company to be a poor investment let's go ahead and take a look at what happened here in the last quarter Disney streaming losses improve even as subscriber numbers decline investors like to focus on subscriber

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