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  5. GOOG: I am trying to understand the economy, stock market of 2025. [Alphabet Inc.]
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Investment Q&A

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Q: I am trying to understand the economy, stock market of 2025. Maybe there is no rational explanation, but how does one explain why
A. amongst canadian banks. TD did so much better than other big 5 peers ?
B. amongst the US big 5, google outperformed the others by so much?
did TD and Google do something in particular?
Asked by Ernest on January 02, 2026
5i Research Answer:

We can't quite explain the economy and the market in this forum, and the topic fills hundred of books. The market is not always rational, certainly. But TD and GOOG are fairly easily explained. TD shares were crushed a year ago after the bank's big money-laundering scandal and the regulators giant fine imposed on the company. Investors believed growth would slow materially, and it did not. So it 'bounced' much higher from a lower valuation. It also had lower loan losses than expected. GOOG is similar. Investors sold it down very sharply, believing Chat GPT would kill its search monoploy. But its release of Gemini 3 has put it back into the AI lead and shares have responded accordingly. 

Authors of this answer, directors, partners and/or officers of 5i Research and/or affiliated companies have a financial or other interest in GOOG.