Buy Alphabet for The Limted Downside Floor if The Coiled Spring Asymmetry Doesn't Pique Your Interest

Impact · against what's priced in

Alphabet's massive capex surge and negative free cash flow are largely priced in, though the 2026 guidance of up to $185 billion puts pressure on the assumed FCF margin. Meta's litigation charge is consistent with current market expectations, while Microsoft and Amazon are mentioned only as valuation benchmarks.

GOOGL−0.40

Challenges what's priced in

The price assumes