|Bid||177.01 x 2200|
|Ask||178.00 x 1100|
|Day's Range||176.48 - 180.51|
|52 Week Range||174.25 - 284.22|
|Beta (3Y Monthly)||1.31|
|PE Ratio (TTM)||13.83|
|Earnings Date||Feb 11, 2019 - Feb 15, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||252.56|
Alphabet’s (GOOGL) Google is shaking up its YouTube business in a fashion that suggests selling ads may be more lucrative than selling content subscriptions. The shakeup involves Google ending the practice of restricting access to YouTube original content to paid subscribers. There is a paid subscription service called YouTube Premium that costs $12 a month and offers ad-free access to all videos on YouTube plus exclusive access to originals.
This adds to iQiyi’s $1.4 billion cash holding at the end of the third quarter. The company’s content costs rose 66% to $875.5 million in the third quarter, accounting for 88% of total revenue. Content costs jumped 47% and accounted for 76% of total revenue in the second quarter.
The broader market sell-off is intensifying as US-China trade uncertainties and concerns over the slowing global economy are badly hurting investors’ sentiments. However, some stocks are still giving investors a reason to celebrate.
The US-China trade war, primarily triggered by President Donald Trump imposing tariffs on Chinese imports, started getting ugly in the last few months. Investors watched President Trump and President Jinping’s meeting in Argentina earlier in December.
In the previous part of this series, we looked at Chinese electric car company NIO’s (NIO) recent stock price movement. Investors’ high expectation from its upcoming vehicle (XLY) launch event on December 15 might be driving its stock up this week after it witnessed a 9.3% drop in the previous week. In this article, we’ll discuss why ES6 is so important for the company.
Baidu (BIDU) has formed an AI partnership with the city of Shanghai. Baidu has agreed to set up an AI research center in the city under the partnership, according to Xinhua, and Baidu and the Shanghai municipal government have agreed to team up on smart city development.
Since the beginning of the fourth quarter, the broader market has been facing trouble due to various issues including rising interest rates, concerns about the slowing global economy, and the US-China trade war. These factors have taken a toll on US equities (VTI) and resulted in more volatility. Before we discuss some of the factors in detail, let’s find out how the key indices are faring in the fourth quarter, especially in December.
At The Wall Street Journal‘s D.Live technology conference last year, Baidu (BIDU) CEO Robin Li said that the company spends ~15% of its annual revenue on research and development, with almost the entire budget going to AI initiatives. And what has come out of that? The top AI patent applicant in China. Forbes, citing the Patent Protection Association of China, reported that Baidu has filed 2,368 AI patent applications. In comparison, Microsoft (MSFT) has filed 1,648 AI patent applications, Tencent (TCEHY) has filed 1,168, and Samsung (SSNLF) has filed 1,047.
Alphabet’s (GOOGL) TTM (trailing-12- month) gross margin is 60.18%, while the industry and sector averages are 41.89% and 40.91%, respectively. Alphabet’s five-year gross margin is 61.61%.
Alphabet (GOOGL) has officially joined the chase for the global ride-hailing market’s $285 billion commercial opportunity. On December 5, Alphabet’s Waymo subsidiary launched its long-anticipated commercial ride-hailing service in Phoenix, Arizona, opening up a new revenue opportunity for Alphabet. The commercial opportunity in the ride-hailing market is attractive.
When it comes to tech giants like Alphabet (NASDAQ:GOOG, NASDAQ:GOOGL), there’s a lot of concern among stock investors about where their growth is going to come from. After all, if you look at GOOG specifically, the company already controls more than 90% of the global digital search market, more than 60% of the global browser market and about 30% of the e-mail market. Plus, the company’s core digital ad growth rates are slowing, the cloud can’t grow rapidly forever, its other new hardware products like Google Home have been only minor successes, and its autonomous driving unit, Waymo, won’t meaningfully improve its financial results for awhile.
On December 11, Baidu (BIDU) stock was trading 3.79% below its 20-day moving average, 8.31% below its 50-day moving average, and 23.36% below its 200-day moving average, while peers Facebook (FB), Square (SQ), and Alibaba (BABA) were trading 17.34%, 6.75%, and 13.76% below their 200-day moving averages, respectively. PayPal (PYPL) was trading 2.84% above its 200-day moving average.
On December 7, Alphabet (GOOGL) was the world’s second-largest Internet player, with a market capitalization of $746.49 billion. Meanwhile, peers eBay (EBAY), Baidu (BIDU), Amazon (AMZN), and Facebook (FB) had market caps of $28.37 billion, $62.98 billion, $830.86 billion, and $401.27 billion, respectively.
According to Trading Economics, the country’s GDP growth averaged an impressive 9.6% between 1989 and 2017. China’s GDP growth rate hasn’t suddenly decelerated—it has gradually tapered down. Given China’s current GDP size, no one expects the country to grow in the double digits like it did a decade ago.
Alphabet’s (GOOGL) drone delivery subsidiary, Wing, looks to be nearing commercialization. Wing is planning to launch its drone delivery service in Finland next spring, initially offering free services. A commercial service is expected to follow once the trial is completed.
Baidu (BIDU) has been active in the bond market lately. Baidu’s past bond sales include $1.0 billion in notes maturing between 2024 and 2028. Baidu said in press releases that the bond sales were aimed at raising funds to repay some of its outstanding borrowing, with any remainder being used for general corporate purposes.
The S&P 500 Index (SPY) has lost about 4.5% while the NASDAQ Composite Index has lost 3.5% month-to-date as of December 11. Concerns about the global economic slowdown and US–China trade tensions have hurt market sentiment (QQQ) this month. In contrast, December is proving to be a great month for some companies—and the largest Chinese used car e-commerce platform, Uxin (UXIN), is certainly one of the top performers.
One of the major factors spooking the markets worldwide has been the concern about China’s economic slowdown. According to Bank of America Merrill Lynch’s survey for November, apart from trade war risk and concerns about quantitative tightening, China’s slowdown was fund managers’ biggest worry. As the trade war escalates, concerns about China’s slowdown are also picking up.
One of the best investments we can make is in our own knowledge and skill set. With that in mind, this article will work through how we can use Return Read More...
Alphabet and China's leading search engines go head-to-head to see which one should bubble to the top of your portfolio query request. Spoiler alert: It might not be Google.