|Bid||1,200.01 x 100|
|Ask||1,200.76 x 300|
|Day's Range||1,181.00 - 1,200.84|
|52 Week Range||903.40 - 1,204.50|
|PE Ratio (TTM)||50.80|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||1,291.00|
, the parent company of Google, was up 1% on Monday ahead of its second-quarter earnings after the closing bell. Stocks turned mixed on Monday, July 23, as investors picked through a number of developments in the White House's ongoing trade disputes with its allies and trading partners. An official communique from a meeting of G-20 finance ministers and central bankers over the weekend in Buenos Aires reiterated the downside risks to global growth, saying they included "rising financial vulnerabilities, heightened trade and geopolitical tensions, global imbalances, inequality and structurally weak growth" following Donald Trump's declaration last week that he was "ready to go" in imposing tariffs on $500 billion worth of China-made goods in his effort to reduce a record trade deficit with the world's second-largest economy.
There are 174 S&P 500 index (SPX) companies scheduled to report earnings this week, according to FactSet analyst John Butters. Of the S&P 500 companies that reported before this week, 87% beat earnings expectations and 77% beat revenue expectations, Butters wrote. The current week brings earnings from chip makers Intel Corp. (INTC) and Advanced Micro Devices Inc. (AMD) car makers Ford Motor Co. (F) and General Motors Co. (GM) social-networking companies Facebook Inc. (FB) and Twitter Inc. (TWTR) and restaurants McDonalds Inc. (MCD) and Chipotle Mexican Grill Inc. (CMG) among many others.
Here are some things going on today in the world of tech: Shares of several semiconductor names are taking it on the chin this morning, after Morgan Stanley’s Joseph Moore warned that the Trump administration’s tariff moves increase risks to the group, particularly the analog chip names. "On the other hand, even the slightest whiff on the demand front could lead to significant decline in stocks." Moore advises picking "companies with more defensive characteristics like high margins and free cash flow," such as Analog Devices (ADI), versus "companies with more commodity exposure and lower margins” such as Cypress Semiconductor (CY). Alphabet (GOOGL) is set to report earnings results this afternoon, after the closing bell.
As Alphabet heads into earnings on Monday, the European Union’s $5.07 billion Android antitrust fine levied will ruin the company’s profits for the quarter.
The price targets more than double the preliminary goal set by San Jose-based home networking company Netgear in its initial filing earlier this month.
Among the companies with shares expected to trade actively in Monday's session are Tesla, Alphabet, Papa John's, Mondelez and Hasbro.
After the closing bell today, Alphabet (NASDAQ:GOOG, NASDAQ:GOOGL) will release its second-quarter fiscal 2018 results. Google earnings for Q2 are usually straightforward, positive affairs. Earlier this week, antitrust regulators from the European Union handed down a record $5 billion fine on Alphabet.
Acronis CEO Serguei Beloussov explains why technology companies like Facebook and Amazon should take caution after the European Union fined Google for $5 billion.