1,079.00 +1.85 (0.17%)
After hours: 7:57PM EST
|Bid||1,077.99 x 1000|
|Ask||1,080.00 x 800|
|Day's Range||1,047.34 - 1,080.00|
|52 Week Range||970.11 - 1,273.89|
|Beta (3Y Monthly)||1.16|
|PE Ratio (TTM)||40.42|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||1,328.00|
Netflix is raising its prices on U.S. subscriptions, but the streaming service is still a heck of a deal.
Technology companies are starting to partner with traditional health-care players. Walgreens has now inked deals with Microsoft and Alphabet's Verily. Both industries need the expertise of the other as they go up against Amazon.
President Donald Trump’s nominee for attorney general said Tuesday he wants to take a closer look at tech’s “huge behemoths.”
President Donald Trump's nominee for U.S. attorney general, William Barr, told lawmakers on Tuesday that he would focus attention on the "huge behemoths" in Silicon Valley at the center of a debate over antitrust enforcement. Barr noted at his confirmation hearing that companies can grow to monopolies without breaking antitrust law. "I don’t think big is necessarily bad," he told Senator Mike Lee, the top Republican on the Senate Judiciary Committee's antitrust panel and a frequent critic of Alphabet Inc's Google .
DEEP DIVE Did you ever think a FAANG stock might be considered a value stock? They’re not near that level yet, but the group of large-cap technology stocks suffered during the fourth quarter of 2018, and with another year of excellent sales growth expected for most of them, you might be looking at buying opportunities.
Attorney general nominee William Barr said he doesn't think "big is necessarily bad," but he wants to understand how tech giants have gotten so big under current laws. Barr was on the board of Time Warner during the company's legal proceedings to merge with AT&T, making the issue of antitrust a personal one. Tech companies have faced intense scrutiny from lawmakers because of privacy and platform manipulation scandals.
Software stocks are leading the tech sector in a strong start to 2019. One technical analyst says it makes sense to keep betting on the winners.
The group launched a campaign on Tuesday, via Twitter and Instagram, pushing to end forced arbitration, which can limit employees legal options in cases of workplace discrimination. Posts on the social media platforms throughout the day will address the impact of forced arbitration on tech workers and share interviews with survivors and experts, the group said. "A handful of tech companies attempted to separate harassment from discrimination by making arbitration optional for only individual cases of sexual harassment and assault," the group End Forced Arbitration wrote in blog post.
The pair is set to start delivering the medium-size pickups and commercial vans from 2022, creating what VW Chief Executive Officer Herbert Diess called ``the strongest playear in this segment.'' VW and Ford are also holding talks for joint work on electric cars, autonomous vehicles and digital services. “It fits into our overall strategy to join forces with strong partners for specific topics” Diess said on a conference call Tuesday.
Barclays analyst Ross Sandler penned a positive note on Facebook Inc.'s stock on Tuesday, writing of the potential for "modest upside" ahead of the company's Jan. 30 earnings report. "We've always believed that employee retention is the primary incentive for mega cap internets; hence after all-around weakness in 2018, we think management's tone will likely be more upbeat (vs. conciliatory)," he wrote. "The best opportunity in large cap internet is to catch a quality name when sentiment is washed out, valuation is depressed and positioning is offsides (as experienced with Alphabet Inc. and Amazon.com Inc. heading into 2015), and this could be the set-up for Facebook right now." He said that risks around regulation still exist but are well understood by the investment community. Sandler has an overweight rating and $180 price target on shares, which are up 2.4% in Tuesday morning trading. The stock has slipped 3% over the past three months, as the S&P 500 has fallen 5.6%.
Alphabet Updates: Lawsuits, EU Expansion, Malta, and Verily(Continued from Prior Part)Malta decides to strike out on its ownProjects that leave Alphabet’s (GOOGL) X experimental factory have mostly gone on to become standalone companies within the
Alphabet Updates: Lawsuits, EU Expansion, Malta, and Verily(Continued from Prior Part)Renewable energy storage solutionAlphabet’s (GOOGL) X subsidiary spun off its energy storage project called Malta into an independent company, Bloomberg
# Alphabet Inc ### NASDAQ/NGS:GOOG View full report here! ## Summary * Bearish sentiment is low * Economic output for the sector is expanding but at a slower rate ## Bearish sentiment Short interest | Positive Short interest is extremely low for GOOG with fewer than 1% of shares on loan. This could indicate that investors who seek to profit from falling equity prices are not currently targeting GOOG. ## Money flow ETF/Index ownership | Neutral ETF activity is neutral. ETFs that hold GOOG had net inflows of $10.03 billion over the last one-month. While these are not among the highest inflows of the last year, the rate of inflow is increasing. ## Economic sentiment PMI by IHS Markit | Negative According to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Technology sector is rising. The rate of growth is weak relative to the trend shown over the past year, however, and is easing. ## Credit worthiness Credit default swap CDS data is not available for this security. Please send all inquiries related to the report to email@example.com. Charts and report PDFs will only be available for 30 days after publishing. This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
Alphabet Updates: Lawsuits, EU Expansion, Malta, and Verily(Continued from Prior Part)Google granted e-money permitLithuania has granted Alphabet’s (GOOGL) Google a license that allows it to offer e-money services across the European Union
Over the weekend, news broke that Germany's antitrust watchdog is finally ready to implement restrictions on social media giant Facebook (NASDAQ:FB). FB stock didn't even drop on the news, as of this writing on Monday afternoon, Facebook stock is up more than 20 basis points, versus a 50-plus basis point drop for the Nasdaq Composite index. News reports said that following a multi-year investigation into Facebook's data privacy, Germany's antitrust watchdog will "present [Facebook] with its ruling on what action it needs to take in the next few weeks". That action presumably includes restrictions on what data Facebook can -- and cannot -- gather. Still, negative news and not only is Facebook stock up, but it's actually outperforming. InvestorPlace - Stock Market News, Stock Advice & Trading Tips Why? Because while regulation is a big headline risk, it isn't something that will kill FB stock. Over the next several months to years, legislation globally will change to implement controls regarding how much data Facebook can reasonably gather. That will affect the company's targeting abilities, and ultimately dilute ad campaign effectiveness. But, the changes will be relatively small, and they will impact everyone equally. Facebook won't be put at a relative disadvantage to any rival. Relative ad effectiveness will remain the same, and therefore, prices and ad budget allocations should remain largely the same, too. As such, the financial implication of regulation isn't all that worrisome for Facebook stock. ### Regulation Risks Are Overstated In totality, much like the other risks plaguing Facebook stock, the regulation risk is overstated. At its core, this is still a big growth company with a dominant position in a secular growth market, with a stock that is trading at its lowest valuation ever. That combination implies healthy gains ahead for the shares. I reiterate my claim that FB stock is a top idea for 2019. * 10 A-Rated Stocks the Smart Money Is Piling Into Legislation globally is moving toward greater data privacy protection for individuals. Germany is among the first to implement such changes. They won't be the last. Ultimately, this multi-national change will affect the way the digital advertising landscape looks in five to 10 years. But, not by much. In that time, Facebook, Alphabet (NASDAQ:GOOGL), Twitter (NYSE:TWTR), and other digital advertising giants will be relatively restricted in terms of the volume of data they can access and monetize. But, they will still have more data on the consumer than anyone in the world. This will remain true so long as consumers remain addicted to the internet and their platforms. Plus, each company will all be treated equally in terms of data protection, so no one platform will have a new advantage. As such, digital advertising giants will continue to win the lion's share of ad budgets because of their higher engagement and ad effectiveness relative to traditional advertising mediums. Also, within the digital advertising world, regulation won't change ad budgets. Ad effectiveness across the board will be diluted. But, Facebook will still run better ads than Twitter, and Google will still run better ads than Snap (NYSE:SNAP). Thus, ad budget allocations will remain unchanged. In the big picture, then, there isn't that much of a financial implication from more regulation. Dollars will still flow in bulk into the digital channel because that's where all the engagement is. And, within the digital channel, ad budgets won't change because relative ad effectiveness won't change. Broadly speaking, regulation risks are simply overstated for Facebook stock. ### Facebook Stock Is A Top Idea From a fundamental vantage point, it appears that FB stock bottomed in 2018, and is ready for a rebound in 2019. The problem with Facebook isn't usage. Facebook's properties are very sticky. Consumers love their phones, and when they are on their phones, they spend most of their time in just five apps. Depending on age and location, Facebook owns between two to four of those five apps. Some people are deleting those Facebook apps. Most aren't. Facebook's user base is still growing, and Instagram, Messenger, and WhatsApp have all been relatively immune to Facebook's data privacy debacle. As such, the problem here isn't usage. The problem is a shift in consumption. Users aren't leaving Facebook's platforms. Instead, they are just shifting consumption from News Feeds to Stories. This shift has a negative financial implication. News Feed ads are tried and true. Facebook has been running them forever, can guarantee high ROI and engagement, and can command premium pricing. * 10 Stocks You Can Set and Forget (Even In This Market) That isn't true with Stories ads. Facebook is relatively new to the Stories game. They can't guarantee high ROI or engagement yet, and they can't command premium pricing. As such, as engagement shifts to Stories, Facebook is monetizing engagement at a lower level than before. This won't last long. Facebook owns the biggest Stories platforms in the world, and it's only a matter of time before Facebook figures out how to optimally monetize Stories. This will likely happen in 2019, as Facebook moves past data security issues and doubles down on Stories ad strategies. As this does happen, Facebook's revenue growth will re-accelerate higher, margins will rebound, and Facebook stock will soar. ### Bottom Line on FB Stock The risks which weighed on Facebook stock in 2018 are overstated. Meanwhile, upside in 2019 looks promising through enhanced Stories ad performance, which should drive re-accelerated revenue growth and margin expansion. If that does materialize, the market will easily brush aside 2018 as a fluke year, and push FB stock back toward the $200 level. As of this writing, Luke Lango was long FB, GOOG, and TWTR. ### More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Key Emerging-Market Stocks to Buy for Contrarian Investors * 7 Stocks at Risk of the Global Smartphone Slowdown * 7 Pharmaceutical Stocks That Just Raised Prices This Year Compare Brokers The post Regulation Is Facebook's Biggest Risk, But It Won't Kill FB Stock appeared first on InvestorPlace.
Pony.ai, a Chinese autonomous car start-up, recently launched an app that allows a limited number of users to hail a driverless taxi.