Alphabet blows past earnings… capex jumps to $205 billion… why the “Lag 7” story is wrong… Louis Navellier’s “best market since 1999”

Yesterday, after the closing bell, Alphabet (GOOG) reported its second-quarter results, and it was a whopper.

The tech giant blew past expectations, showing massive growth across its entire business:

Total revenue: up 24% year-over-year to $119.8 billion.

Google search revenue: up 17%.