Google's stock price is at an all-time high of $927 today, and with its Q2 2013 earnings hitting this week it makes us wonder if the earnings can ever live up to the supposed confidence in the search giant. Following a generally solid -- but far from stellar -- Q1 earnings report back in April, Google's stock dipped notably down to $765 only to shoot back up the next couple of days as things leveled off.
Since those Q1 2013 earnings Google's stock price has continued to rise by over 20-percent to sit where it is today, awaiting upcoming Q2 results this Thursday. Whether it is the old system of "buy on the rumor, sell on the news" or flushing out the amount of true confidence in the upcoming financial results, there's a good chance that we will see another small stock dip repeat.
What we need to keep in mind is that a stock dip on earnings doesn't mean that the company performed poorly or that things are bound to head downhill -- there's much more at play in the stock price than the simple earnings numbers. How earnings match predictions, their long-term implications and overall confidence in future company actions all have a huge impact on the final stock price.
Google will reveal what will likely be another strong quarter on July 18th; don't let a small dip in stock price due to overconfidence in the days leading up to earnings pull you away from any positive results.
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