GOOG Jan 2022 1265.000 put

OPR - OPR Delayed Price. Currency in USD
139.50
0.00 (0.00%)
As of 6:50PM EDT. Market open.
Stock chart is not supported by your current browser
Previous Close139.50
Open139.50
Bid105.60
Ask115.40
Strike1,265.00
Expire Date2022-01-21
Day's Range139.50 - 139.50
Contract RangeN/A
Volume2
Open Interest1
  • India seeks new regulator for nonpersonal data
    TechCrunch

    India seeks new regulator for nonpersonal data

    India should set up a data regulator to oversee how companies collect, process, store, monetize and even destroy nonpersonal data (or data that has been anonymized), a panel tasked by New Delhi has recommended in a draft report. The eight-person panel said that companies such as Google, Facebook, Amazon and Uber have benefited from a combination of “first mover advantage,” “sizable network effect” and “enormous data” that they have collected over the years. This dominance has “left many new entrants and startups being squeezed and faced with significant entry barriers,” said the draft report, which has been made available to industry players for consultation before it is submitted to the nation's IT ministry next month.

  • Google In Talks To Buy $4B Stake In India’s Jio Platform – Report
    SmarterAnalyst

    Google In Talks To Buy $4B Stake In India’s Jio Platform – Report

    Alphabet Inc’s Google (GOOGL) is reportedly in advanced talks to buy a $4 billion stake in Reliance Industries’ digital unit Jio Platforms Ltd. seeking to join rival Facebook Inc. (FB) in the chase for growth in India’s promising internet market.The California-based search giant has been discussing the investment and an announcement could come as soon as the next few weeks, Bloomberg reported. Should the talks with Google succeed and result in a deal, that would further shore up Jio’s credentials in its push to upend online retail, content streaming, digital payments, education and health care in a market of more than a billion people.Jio Platforms, a majority-owned subsidiary of Reliance Industries, is a next-generation technology platform focused on providing affordable digital services across India, and has more than 388 million subscribers.The report comes a day after Google said that it will commit $10 billion for investments into India over the next 5-7 years through a mix of equity investments, partnerships, and operational, infrastructure investments.Google CEO Sundar Pichai said that “low-cost smartphones combined with affordable data, and a world-class telecom infrastructure, have paved the way for new opportunities” in India. In 2004, Google opened its first offices in India in Hyderabad and Bangalore.India’s Jio has in recent months attracted investments from a string of large corporates, including Silverlake and Facebook, who have poured over $15 billion into the tech platform. An investment arm of Qualcomm Inc. (QCOM), the world’s largest mobile chipmaker, this week announced the acquisition of a 0.15% stake in Reliance’s Jio for 7.3 billion rupees ($97.1 million).Shares in Google have fully recovered since dropping to a low in March and are now trading 13% higher than at the start of the year. Indeed following the rally, the stock’s upside potential now looks more limited. The average analyst price target of $1,566.04 indicates shares will advance a modest 3.6% over the coming year. (See Alphabet’s stock analysis on TipRanks)Meanwhile, five-star analyst Brian White at Monness projects some downside potential in the shares amid expectations that Alphabet’s earnings will be depressed in the coming quarters and revenue growth will be well below historical trends due to the impact of the coronavirus pandemic.“For the foreseeable future, we anticipate Alphabet will struggle with weak digital ad spending trends and other headwinds…including uncertainty over the impact of recent ad boycotts and anti-trust investigations,” White wrote in a note to investors. “However, we believe the stock remains inexpensive and represents a core holding as this crisis accelerates the digital transformation trend.”White has a Buy rating on the stock with a $1,420 price target (6.1% downside potential)Overall, the Wall Street rating outlook for Google remains bullish. The Strong Buy analyst consensus boasts 28 Buys versus 1 Hold.Related News: Google To Invest $10 Billion For Digital Push In India Qualcomm Buys Stake In Reliance’s Jio For $97.1M To Support 5G Rollout In India Apple’s Integrated Ecosystem Takes the Cake, Says Top Analyst More recent articles from Smarter Analyst: * Tesla Climbs 6% In Pre-Market, Boosted By ‘Accelerating’ China Projects * Biogen, Eisai Start New Phase 3 Trial For Pre-clinical Alzheimer’s Disease * AMC To Cut Debt By Up To $630M Lifting Shares By 7% In Pre-Market * Microsoft, Samsung To Develop Online Portal For Smart Building Management

  • Google Is in Advanced Talks to Invest $4 Billion in Jio Platforms
    Bloomberg

    Google Is in Advanced Talks to Invest $4 Billion in Jio Platforms

    (Bloomberg) -- Google is in advanced talks to buy a $4 billion stake in Indian billionaire Mukesh Ambani’s technology venture, people familiar with the matter said, seeking to join rival Facebook Inc. in chasing growth in a promising internet and e-commerce market.The Mountain View, California-based company has been discussing the investment in Jio Platforms Ltd., the digital arm of Ambani’s Reliance Industries Ltd., the people said, asking not to be identified because the information is private. An announcement could come as soon as the next few weeks, according to the people.Jio is at the center of the Indian tycoon’s ambition to transform his energy conglomerate into a homegrown technology behemoth akin to China’s Alibaba Group Holding Ltd. The venture has turned into a magnet for Silicon Valley investors, attracting almost $16 billion from Facebook to KKR & Co. in the past three months.Should the talks with Google result in a deal, that would further burnish Jio’s credentials in its push to upend online retail, content streaming, digital payments, education and health care in a market of more than a billion people.Global technology leaders from Facebook to Intel Corp. are looking for multiple ways to grab a slice of the Indian market, where millions of first-time internet users are added every month. Jio Platforms, which boasts almost 400 million customers through its wireless network, offers the largest base of such users who are increasingly buying consumer goods online and downloading music and video, using cheap smartphones and Jio’s own cut-price data services.Read more: Facebook Helps Asia’s Richest Man Shed Dependence on OilAn arm of Qualcomm Inc. is the latest in Jio’s growing list of high-profile investors, which also includes Intel Capital, Silver Lake Partners and Mubadala Investment Co. As of July 12, Reliance had sold 25.2% of Jio, valuing the venture at $65 billion.Here’s a list of confirmed investors in Jio Platforms:Details of the potential deal with Google could change, and negotiations could still be delayed or fall apart, the people said. A spokeswoman for Google in Delhi said the company was unable to comment, while Reliance’s representatives didn’t immediately respond.The string of investments in Jio has spurred a rally in the shares of parent Reliance. The stock has more than doubled from its March 23 low, rewarding investors who will get to hear Ambani, 63, lay out his road map for the future of the group at the conglomerate’s annual shareholders meeting on Wednesday.The stock surge has also helped Ambani, Asia’s richest man, to break into the exclusive club of the world’s 10 wealthiest people. With a net worth of $72.4 billion, according to the Bloomberg Billionaires Index, the titan has rocketed past Elon Musk, Google co-founders Larry Page and Sergey Brin, as well as legendary investor Warren Buffett in the past few days to become sixth on the list.Just like Facebook, Google is expanding its presence in the Indian market. On Monday, the company said it plans to spend $10 billion over the next five to seven years to help accelerate the adoption of digital technologies in the country. The amount could be put into partnerships and equity investments among others, it said.Sundar Pichai, who was born in the country and is now chief executive officer of Google’s parent Alphabet Inc., said the coronavirus outbreak has made clear the importance of technology for conducting business and for connecting with friends and family.Founded in 1998 in Silicon Valley, Google entered India six years later with offices in Bangalore and Hyderabad. The India business has since grown into one of the company’s most important. The country now has more than 500 million internet users, second only to China, with growth that has proved a lure to a raft of American technology giants.In the last decade, Google has successfully launched several products in India, including a Google Internet Saathi service to bring women in rural areas online and its popular Google Pay service.(Updates with Google unable to comment in seventh paragraph.)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • Why 1Life Healthcare Stock Surged Last Week
    Motley Fool

    Why 1Life Healthcare Stock Surged Last Week

    Shares of 1Life Healthcare (NASDAQ: ONEM) rose more than 14% last week, and the stock is up more than 124% over the past three months after closing at $41.60 on Friday. The membership-based healthcare company, which emphasizes its telemedicine options, is obviously well-positioned to grow in the middle of the COVID-19 pandemic, but is there more behind the stock's rise? San Francisco-based 1Life, which also goes by One Medical, went public Jan. 31 with its shares initially priced at $14, so it has already made a lot of its early investors happy.

  • Barrons.com

    Why Roku Stock Could Still Have Plenty of Room to Run

    As concerns continue over a growing surge of Covid-19 cases, and states tighten lockdown orders, one analyst wrote Monday that Roku is in a strong position to benefit.

  • Is Google Stock A Buy With Quarterly Earnings Ahead, Estimates Cut?
    Investor's Business Daily

    Is Google Stock A Buy With Quarterly Earnings Ahead, Estimates Cut?

    Here is what fundamental and technical analysis says about buying Google stock. Digital advertising growth has slowed amid Covid-19. But, Google stock has cloud computing, YouTube going for it.

  • TheStreet.com

    Google to Invest $4 Billion in India's Jio Platforms

    Google is looking to invest as much as $4 billion in Jio Platforms, India's largest and most pervasive mobile and internet company.

  • Google Seeks To Reassure EU For Fitbit Merger Approval- Report
    SmarterAnalyst

    Google Seeks To Reassure EU For Fitbit Merger Approval- Report

    Alphabet Inc.’s (GOOGL) Google is seeking approval from the European Union (EU) Commission to complete its acquisition of Fitbit by offering to not use the acquired data for ad targeting.In a report by Reuters on July 14, the tech giant has tried to ease concerns from the EU Commission that it will employ data for advertising through its search engine and its other divisions. The EU Commission is planning to gather feedback from Google’s competitors and users before making a decision.In an emailed statement to Reuters, Google assured that the “deal is about devices, not data.” The company added, “We appreciate the opportunity to work with the European Commission on an approach that safeguards consumers’ expectations that Fitbit device data won’t be used for advertising.”In November of last year, Google announced that it was acquiring the popular wearable and device tracking company, Fitbit for an estimated $2.1 billion. The announcement was followed by criticism from privacy-right groups expressing concerns about privacy because the devices house users’ health data.The Center for Digital Democracy, Public Citizen and Consumer Action wrote to the Federal Trade Commission (FTC) on November 19, saying that with the acquisition, “Google already holds a dominant position in the digital marketplace, health data is critical to the future of that marketplace, and the data protection concerns stemming from the acquisition will have far-reaching consequences including a dramatic erosion of consumer privacy.”One month later, the US Department of Justice and the FTC announced that they would be investigating the acquisition.While the merger would add to Google’s portfolio of user information, the amount of health data is comparably small. Fitbit trails behind Apple (AAPL), Xiaomi, Samsung, and Huawei with only 3% of global wearables as of Q1 2020, according to market research firm International Data Corp. Google currently lacks a wearable brand that has reached mainstream recognition and they have not made significant inroads in the consumer health market.On November 1, 2019, Google Senior Vice President of Devices and Services Rick Osterloh said, "Fitbit has been a true pioneer in the industry and has created terrific products, experiences, and a vibrant community of users.” He added, "We're looking forward to working with the incredible talent at Fitbit and bringing together the best hardware, software, and AI, to build wearables to help even more people around the world.”When news of the merger leaked beforehand, Wedbush analyst Michael Pachter said on October 29, that Fitbit made a “fine” acquisition and that it made “imminent sense” to purchase rather than go to the trouble of creating devices and collecting years of data. As of July 14, he maintains a Buy rating and a price target of $1,550 which implies upside potential of 3%. Overall, 28 analysts assign Buy ratings, 1 Hold rating, and no Sell ratings, giving GOOGL a Strong Buy Street consensus. The average analyst price target stands at $1,566.04 suggesting 4% upside potential, with shares already up 13% year-to-date. (See Alphabet Inc.'s stock analysis on TipRanks).Related News: Google Faces Antitrust Investigation From Its Home State, California Google To Invest $10 Billion For Digital Push In India Google Cloud Forges Multi-Year Deal With Renault More recent articles from Smarter Analyst: * Abbott Labs, Edwards Lifesciences Settle Heart Device Patent Disputes * Luckin Coffee Appoints Jinyi Guo As Chairman, CEO After Ousting Founder * Aldeyra Spikes 10% In Pre-Market On New Perceptive Stake * Pepsi Delivers Relatively Strong Q2; RBC Says One Of Top Large-Cap Ideas

  • Google in talks to invest $4 billion in Reliance's digital arm: Bloomberg
    Reuters

    Google in talks to invest $4 billion in Reliance's digital arm: Bloomberg

    Alphabet Inc's Google is in advanced talks to invest $4 billion for a stake in the digital arm of Indian conglomerate Reliance Industries Ltd, Bloomberg reported on Tuesday, citing people familiar with the matter. Google declined to comment, while Reliance did not immediately respond to a request for comment. The funding spree, which began late April, and a share sale by Reliance have helped make India's biggest company by market value net-debt free.

  • Google in talks to invest $4 billion in Reliance's digital arm, Bloomberg reports
    Reuters

    Google in talks to invest $4 billion in Reliance's digital arm, Bloomberg reports

    Alphabet Inc's Google is in advanced talks to invest $4 billion for a stake in the digital arm of Indian conglomerate Reliance Industries Ltd, Bloomberg reported on Tuesday, citing people familiar with the matter. Google declined to comment, while Reliance did not immediately respond to a request for comment. The funding spree, which began late April, and a share sale by Reliance have helped make India's biggest company by market value net-debt free.

  • Bloomberg

    India's Digital Future Means a Google Search

    (Bloomberg Opinion) -- For a long time, U.S.-based internet giants entertained the idea of finally accessing the world’s biggest market and tapping into a base of more than 1.3 billion potential consumers. Now, just as the door to China appears firmly shut, the next giant market is opening up.Alphabet Inc. CEO Sundar Pichai is ready to realize India’s potential with the one way executives know best: a big fat check. The American search-engine giant said its Google unit plans to spend $10 billion over the next seven years on operations, infrastructure and investments as a “reflection of our confidence in the future of India and its digital economy.”American corporate leaders from Apple Inc.’s Tim Cook and Amazon.com Inc.’s Jeff Bezos to Facebook Inc.’s Mark Zuckerberg have all known that India could be the next big thing. Pichai, himself Indian-born, hasn’t sat idly by, either.Their entry has been slowed by lack of broad-based demand for services offered only in English, a national market fragmented by whimsical local taxation, and an inadequate road and warehousing network that would facilitate quick e-commerce logistics.Favorable Chinese treatment, and protectionism, allowed Alibaba Group Holding Ltd. and Tencent Holdings Ltd. to develop super-apps that deliver a smorgasbord of offerings from instant messaging to news and deliveries to financial services. No U.S. giant offers anywhere near the breadth and depth of services as their Chinese counterparts.Indian oil billionaire Mukesh Ambani has designs on doing in his home country just what the Americans couldn’t do in theirs. Four years ago, he upended the telecommunications sector with a new entrant that offered free voice calls and really cheap data. Suddenly, hundreds of millions more Indian consumers had a mobile phone in their hands and a reliable, affordable internet connection. Ambani followed that up by getting Facebook to buy a 10% percent stake in Jio Platforms Ltd. — Ambani’s holding company for telcos, media and other digital assets — for $5.7 billion. With Facebook now owning a stake in Jio, it makes sense for Google to look for its own telco dance partner, be it Bharti Airtel Ltd. or Vodafone Idea Ltd. — the only two meaningful competitors to Jio’s wireless service that are still left in the fray.Google’s big move is well-timed. The nation’s largely state-owned banking system was in bad shape even before Covid-19. After the inevitable pandemic-linked losses, institutions will be grateful to limp again and digital commerce will present a new growth avenue. When Indian consumers need loans, they’ll be giving consent to lenders to digitally piece together their credit history by pulling scraps from everywhere. Suppliers of goods and services will also want to tap cheaper working capital by sharing a real-time snapshot of their cash flows.Indian banks are at a disadvantage in the coming shakeup. Information collection, analysis and distribution is exactly what the U.S. internet companies do best. Jio with Facebook, Google (with or without a chosen partner), and even Amazon.com could have deeper insights into consumer and supplier habits than the traditional financiers. A Jio or Google-backed finance app could dish out a loan faster than a banker could pull out a ballpoint pen. That would leave the state-owned lenders offering little more than their vast balance sheets for credit creation.Not only is India finally getting the fast mobile coverage it sorely needs, its payments infrastructure is also ready. Pichai has built a payments service specifically for India, using the local platform that allows any two parties, holding accounts at different banks, to send and receive money instantly without knowing anything more than each others’ virtual IDs. The revamped network is so modern and innovation-friendly that Google has asked the U.S. to consider emulating it.Jio has garnered much of the recent attention, helped by a splashy fundraising spectacle that adds up to half of the investment in global telecom deals this year. But Google’s payment app as well as WalMart’s PhonePe have been quietly scaling up. Now, when Indian consumers want deliveries, entertainment, or a loan there’s a good chance they’ll be searching Google. This column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Andy Mukherjee is a Bloomberg Opinion columnist covering industrial companies and financial services. He previously was a columnist for Reuters Breakingviews. He has also worked for the Straits Times, ET NOW and Bloomberg News.Tim Culpan is a Bloomberg Opinion columnist covering technology. He previously covered technology for Bloomberg News.For more articles like this, please visit us at bloomberg.com/opinionSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • Google Faces Antitrust Investigation From Its Home State, California
    SmarterAnalyst

    Google Faces Antitrust Investigation From Its Home State, California

    Alphabet Inc.’s (GOOGL) Google is facing a new antitrust investigation that has been launched by the State of California. In a report by Politico on July 9, California’s Attorney General Xavier Becerra decided to pursue an investigation after repeatedly choosing not to pursue the tech giant after being pressed to do so in light of other state investigations into Google that were launched last year.California Attorney General’s Office Spokesperson Sarah Lovenheim said to Gizmodo, on July 10, “To protect the integrity of our work, it’s our practice not to comment on any pending or potential investigation, even to confirm or deny their existence.” Google also would not comment on the investigation.Shares in Google were up 1% at market close on Friday at $1,539.01 per share.California’s choice to withhold investigations on Google is noteworthy because the state is known for having a large staff of antitrust investigators and by comparison to other states, and Google is in relatively close proximity with its headquarters in Mountain View, California.In September of last year, attorney generals from 50 states and territories announced they were all launching antitrust investigations into Google. At a press conference before the U.S. Supreme Court, Republican Attorney General Ken Paxton from Texas said that Google “dominates all aspects of advertising on the internet and searching on the internet.”Following the announcement, Open Markets Institute said on September 9, 2019, “We applaud the 50 state attorney generals for taking this unprecedented stand against Big Tech by uniting to investigate Google’s destruction of competition in search and advertising.”The Federal Trade Commission (FTC), on February 1, also ordered Google, Amazon (AMZN), Apple (AAPL), Facebook (FB), and Microsoft to turn over “information and documents on the terms, scope, structure, and purpose of small and unreported transactions made between January 1st, 2010, and December 31st, 2019.” The FTC intends to focus on acquisitions from each of the companies.As the investigations have mounted, the House Judiciary has also called on the CEOs of these tech giants to provide testimony in connection with its own antitrust inquiry. Google CEO Sundar Pichai is expected to provide his statement before the subcommittee later this month. Analysts are staying bullish despite the antitrust concerns. Mizuho Securities analyst James Lee reiterated a Buy rating on Alphabet Inc.’s stock on July 13 citing Google Cloud’s platform as being an attractive option for retailers because Amazon’s large online retail reach represents their primary competition. The analyst raised a price target from $1,560 to $1,650 which implies 6% upside potential.Also, on July 9, Morgan Stanley analyst Brian Nowak maintained a Buy rating on GOOGL and a price target of $1,700 (implying 10% upside potential).Google’s stock is up 15% year-to-date with a Strong Buy analyst consensus that breaks down into 28 Buy ratings versus 1 Hold ratings and no Sell rating. The $1,544 average price target suggests 0.14% upside potential for the shares in the coming 12 months. (See Google's stock analysis on TipRanks).Related News: Google To Invest $10 Billion For Digital Push In India Google Cloud Forges Multi-Year Deal With Renault Apple’s Integrated Ecosystem Takes the Cake, Says Top Analyst More recent articles from Smarter Analyst: * Apple Pledges $400M To Address California’s Housing Crisis * Netflix (NFLX) Stock Is a Winner, But Keep a Close Eye on Valuation * UPS: Can New CEO Improve Profit Margins in B2C Segment? Analyst Weighs In * The Fate of Nikola (NKLA) Stock Remains Up in the Air

  • MarketWatch

    Google offers not to use Fitbit health data for ads to ease EU concerns: report

    In a bid to ease European Union antitrust concerns, Alphabet Inc.'s Google has offered not to use health data from Fitbit devices to target ads, Reuters reported Monday.

  • Google offers data pledge in bid to win EU okay for Fitbit buy
    Reuters

    Google offers data pledge in bid to win EU okay for Fitbit buy

    Alphabet Inc's Google has offered not to use health data of fitness tracker company Fitbit to help it target ads in an attempt to address EU antitrust concerns about its proposed $2.1 billion acquisition, the U.S. tech company said late on Monday. The bid, announced in November last year, would help Google take on market leader Apple and Samsung in the fitness-tracking and smart-watch market, alongside others including Huawei and Xiaomi.

  • Big Tech’s latest reckoning is coming as it continues to rack up record valuations
    MarketWatch

    Big Tech’s latest reckoning is coming as it continues to rack up record valuations

    The steep ascent of Big Tech, which is fueling a resurgent stock market despite a deepening pandemic, underscores the enduring power of the industry as consumption of it escalates in a work-from-home economy.

  • S&P 500 Swings From Gains to Losses as Tech Giants Tumble
    Motley Fool

    S&P 500 Swings From Gains to Losses as Tech Giants Tumble

    PepsiCo giant kicked off the week with solid earnings, and a major gambling market is set to reopen this week. It wasn't enough to keep stocks from turning down sharply at the end of the day as we head into earnings season.

  • Barrons.com

    Apple and Big Tech Stocks Are at or Near Records, One Strategist Smells a Bubble.

    Apple, Amazon, Alphabet, Netflix, Facebook, and Microsoft are soaring ahead of their earnings reports. Jefferies Global Equity Strategist Sean Darby on Monday moved his position on technology stocks to “modestly bearish” from “modestly bullish,” citing expectations for a mild stock pullback.

  • Barrons.com

    Buy Alphabet and Amazon Stock, Analyst Says, Because Your Head Should Be in the Cloud

    Mizuho Securities analyst James Lee asserts that new contract activity for cloud computing has recovered to 85% of pre-Covid levels, and should accelerate into the second half.

  • For Nasdaq-rally skeptics, remember that momentum doesn’t die easily
    MarketWatch

    For Nasdaq-rally skeptics, remember that momentum doesn’t die easily

    Frenzied investors have driven the Nasdaq Composite Index to the top of a trend channel in place for nearly a decade. Is this the perfect storm leading to a Nasdaq crash, as some predict? The Nasdaq-100 chart, below, shows a different channel.

  • Motley Fool

    Meal-Delivery Space Consolidates Further

    In this episode of Industry Focus: Tech, Dylan Lewis chats with Motley Fool contributor Brian Feroldi about the latest news from Wall Street. They discuss further consolidation happening in the meal-delivery space and how it will impact the companies, restaurants, and consumers.

  • Top Stock Reports for Alphabet, Merck & Medtronic
    Zacks

    Top Stock Reports for Alphabet, Merck & Medtronic

    Top Stock Reports for Alphabet, Merck & Medtronic

  • How Does the Stock Market Work?
    Investopedia

    How Does the Stock Market Work?

    Learn how the stock market works, what it means to own stocks, why companies issue stock, and the pros and cons of an exchange listing.

  • Amazon Rally Pushes Market Value $30 Billion Beyond Microsoft
    Bloomberg

    Amazon Rally Pushes Market Value $30 Billion Beyond Microsoft

    (Bloomberg) -- Amazon.com Inc. shares rallied on Monday, and the advance lifted the company’s market capitalization above Microsoft Corp. for the first time in more than a year.The stock rose as much as 4.5% in its fourth straight daily advance, giving the e-commerce and cloud-computing company a valuation of about $1.66 trillion, or about $30 billion more than Microsoft’s market capitalization. According to an analysis of Bloomberg data, Amazon last exceeded Microsoft in size in February 2019.Recent gains in Amazon have come amid a growing consensus that it will be a major winner from the pandemic, which has accelerated a shift to online retail and fueled demand for cloud-computing services. Earlier, Cowen raised its price target to the highest on the Street, citing the continued “demand surge” from the pandemic, “in particular as the U.S. faces staggered and sometimes halted re-openings.”Among U.S. stocks, Amazon’s rally means it is second only to Apple Inc. in size; the iPhone maker’s market cap leads at $1.73 trillion. A rally in mega-cap tech and internet stocks has also resulted in Google-parent Alphabet Inc. eclipsing $1 trillion in market cap recently.Globally, the list is topped by Saudi Aramco, Saudi Arabia’s national oil company, which currently has a market cap of about $1.78 trillion.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • Right now there’s a lot of liquidity and it’s been driving the market for a long time: Strategist
    Yahoo Finance Video

    Right now there’s a lot of liquidity and it’s been driving the market for a long time: Strategist

    Barry Bannister Stifel Head of Institutional Equity Strategy joins the On the Move panel to discuss how COVID-19 is impacting the market.