Schaeffer's Top Stock Picks for '25

Alphabet Stock Cools After Google Cuts Cloud Commissions

Alphabet's Google slashed the commissions its receives from its Cloud Platform to 3%

Digital Content Manager
Sep 27, 2021 at 3:16 PM
facebook X logo linkedin


Reports have surfaced that Alphabet Inc's (NASDAQ:GOOGL) Google will cut the commissions it makes on its third-party software sales from its Cloud Marketplace to 3% from 20%. Pressure has been mounting on many Big Tech companies to cut their "take rates," and Google is attempting to best its competition and attract independent software creators to its platform, according to someone familiar with the matter. 

GOOGL is off 0.7% at $2,827.79 this afternoon, heading lower with the better part of the tech sector, and set to snap its four-day win streak. The stock just came off a Sept. 1 record high of $2,925.07, though it's chopped lower for most of the month. Despite this, the 50-day moving average helped launch the stock higher mid-September, and the security is up an impressive 61.2% this year. 

googl sept 27

Sentiment surrounding the tech giant is strong. Of the 33 in coverage, all but one consider it a "buy" or better. Meanwhile, the 12-month consensus price target of $3,159.08 is an 11.8% premium to current levels. 

For those wanting to speculate on GOOGL's next move without the hefty price point, options may be the way to go, especially considering the stock's Schaeffer's Volatility Index (SVI) of 18%, which stands higher than only 10% of readings from the past 12 months. This means options traders are pricing in relatively low volatility expectations at the moment. Adding to this, Alphabet stock's Schaeffer's Volatility Scorecard (SVS) stands at 89 out of a possible 100, implying the stock tends to outperform these volatility expectations -- a good thing for buyers. 

 
 

You have the chance to join one of Bernie's most exclusive programs, complete access at HUGE savings!

As we prepare for a new administration to take the reins in Washington, the near-term market landscape is rife with uncertainty.

The Federal Reserve has already hinted at the turbulence ahead, lowering its interest rate outlook for 2025.

Meanwhile, breakthroughs in artificial intelligence (AI), quantum computing, and other transformative sectors have unlocked incredible profit potential.

But these opportunities are fleeting, and timing is everything. That's where Quick-Hit Trader comes in.

Quick-Hit Trader is designed for precision and speed, getting you in and out of the market in a flash. While other investors scramble to navigate volatile conditions, you'll have access to expertly curated trades that leverage these rapid shifts to deliver explosive profits in short order.

This is your chance to capitalize on the fast-moving market like never before. Are you ready to make your move?