Alphabet Inc (#GOOG) lost a step on Tuesday leaving behind -3.59% and closed the session trading at $2373. On April 26, 2022 Alphabet Inc. (#GOOG) announced its earnings results for the first quarter of 2022. Most notable was the fact that even though revenues for Q1 2022 increased by 23%, the figure was much lower compared to the revenue increase observed during the same quarter in 2021 (34%). Despite the slowdown in revenues, we must note that YouTube and Google advertising as well as Google Cloud, continued to see growth in revenues and traffic, as some of the most popular products Google uses to engage with consumers. Another positive development from our perspective was Alphabet\u2019s repurchase up to an additional $70.0 billion of its Class A and Class C shares. For the time being, Alphabet\u2019s 52-week price range is between $2193.62 and $3030.93 and its year to date movement is -18.09%. Most market participants focus on Alphabet\u2019s revenue decline even though the company continues to generate significant profits. On the other hand, #GOOG may have followed the general trend to the downside.\u00a0<\/p>\n\n\n\n
Microsoft displays evidence of demand<\/u><\/em><\/strong><\/p>\n\n\n\n Microsoft Corp (#MSFT) was also on the backfoot on Tuesday as it lost -3.74% and closed the session at $270.22. On the same day, Microsoft announced earnings results for Q3 2022. Quarterly revenues (GAAP) increased by 18% and reached $49.4 billion. Some of Microsoft\u2019s most distinguished products that continue to contribute greatly to the company\u2019s revenues include Azure and other cloud services, LinkedIn and Dynamics 365. Positive is the fact that according to analyst estimates, Microsoft managed to beat expectations and showed strong demand for several of its products. For the time being, Microsoft\u2019s 52-week price range is between $238.07 and $349.67 and its year to date movement is -19.65%.<\/p>\n\n\n\n Can Elon Musk run Tesla and Twitter simultaneously?<\/u><\/em><\/strong><\/p>\n\n\n\n The most significant movement on Tuesday was carried out by Tesla Inc. (#TSLA) that dropped -12.18% performing its largest daily drop in a year. Tesla closed its normal trading session at $876.42. In the past days, Tesla\u2019s CEO, Elon Musk captured major attention with his eagerness to buyout Twitter Inc (#TWTR) in a $44 billion deal. At the moment, (#TSLA) shares are down -17.07% with its 52-week price range being between $546.98 and $1243.49. It is possible that the market perceived Musk\u2019s interest in (#TWTR) as a weakness for (#TSLA). Elon Musk maybe using Tesla\u2019s funds to get a hold of Twitter thus the exaggerated selloff for the latter. However, with Musk\u2019s decisive movement towards Twitter, a field rather unknown to him, we notice his ambitions as an entrepreneur. He has done this various times in the past, once including a trend towards digital currencies.\u00a0 Yet a successful EV manufacturer and seller does not guarantee success in the Social Media platform sector. On Tuesday\u2019s closing Twitter\u2019s 52 week price range was between $31.30 and $73.34, while its year to date movement remains positive at +14.95%.<\/p>\n\n\n\n
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