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Alphabet Inc (GOOG) produced strong revenue and free cash flow results for Q2. However, GOOG stock is lower as the market did not like that its free cash flow (FCF) margins fell. Nevertheless, going forward, the stock still looks cheap based on analysts' sales forecasts and its FCF margin history.
GOOG is at $166.68 in morning trading on Friday, July 26. This is down 1.8% and it's off $25.78 from $192.66 on July 10, or -13.4% in the past 2 weeks.