Alphabet Earnings: GOOGL stock adds 10% on healthy margins, new dividend, $70 billion buyback scheme

• Alphabet reported Q1 earnings late Thursday that beat Wall Street estimates.
• YouTube advertising and the Cloud segment continue growing strong.
• Alphabet CEO Sundar Pichai introduces $0.20 cash dividend.
• GOOGL stock is trading between $169.31 and $174.68, Fibo levels.

Alphabet (GOOGL), the parent of Google and YouTube, is clinging to a 10% gain midway through Friday after posting spectacular first-quarter results. For the quarter ending March 31, Alphabet posted revenue of $80.5 billion compared with a consensus of $78.7 billion. This amounted to a 15% growth rate from a year prior.