Google Stock Is Falling. Louie Navellier Says BUY the Dip!
2 extracted signals · 0 resolved · 2 still active
Navellier Market BuzzIndependent analyst profile- Source published
- 29 Oct 2026, 18:42 UTC
- Recorded by Tahlil Plus
- 29 Oct 2026, 19:37 UTC
AI-generated source summary
The analysis focuses on two major tech companies, Alphabet (GOOGL) and Meta Platforms (META). Despite NASDAQ being down, GOOGL is presented as a potential buy due to its dominant search market share and AI investments, even though cloud sales and advertising growth were below expectations, with a significant 9.1 billion dollar drop in cash flow attributed to AI investments. The target for GOOGL is inferred from its closing price on October 29, 2026, which was $324.89. A fail bound is set at $250.00, below which the bullish outlook would be invalidated. META is also discussed as a potential buy, with its cash flow dropping by over 2.1 billion dollars due to AI investments. However, META is also undertaking a secondary stock offering to raise money, which might put pressure on the stock. Despite this, the analysis suggests that because both companies are investing heavily in AI, this is a positive sign, making META a good long-term hold. The target for META is inferred from its positive price movement, with a target of $700.00 and a fail bound at $550.00. The Russell 2000 index is noted to be up 1.3%, indicating money is being reshuffled rather than leaving the market. The overall earnings season is described as incredible, with GOOGL having a miss on earnings but still considered a great buy, while ELI Lilly (LLY) had blowout earnings, indicating strength in certain sectors.
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Navellier Market Buzz
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