GOOG - Alphabet Inc.
| Previous Close | 1,238.71 |
| Open | 1,233.12 |
| Bid | 1,228.11 x 800 |
| Ask | 1,227.74 x 1200 |
| Day's Range | 1,223.08 - 1,243.27 |
| 52 Week Range | 970.11 - 1,289.27 |
| Volume | 2,337,269 |
| Avg. Volume | 1,402,107 |
| Market Cap | 852.846B |
| Beta (3Y Monthly) | 0.94 |
| PE Ratio (TTM) | 24.83 |
| EPS (TTM) | 49.53 |
| Earnings Date | N/A |
| Forward Dividend & Yield | N/A (N/A) |
| Ex-Dividend Date | N/A |
| 1y Target Est | 1,427.52 |
- Yahoo Finance
Amazon employee on climate strike: Tech firms have 'been complicit for too long'
Amazon and Google employees hit the streets to pressure tech giants to do more to fight climate change.
- Market Realist
Fed Rate Cut Impact: Investors Should Worry
President Trump is not happy with the present Fed rate cut. He wants the cutback to be higher. So high that the interest rates are negative.
- Barrons.com
Buy Alphabet Stock Because Google’s Cloud Is Gaining Momentum, Analyst Says
The company’s cloud-computing business isn’t get the respect it deserves, according to Baird Equity Research.
- Investor's Business Daily
Apple Puts Up Fight, But FANG Internet Giants Are MIA In Stock Market Rally
Apple is fighting at a buy point, but Facebook, Amazon, Netflix and Google have been MIA in the current stock market rally.
- Financial Times
What do Versace, J Lo and Google have in common?
Donatella Versace helped build the internet, and now she might just “break” it. to walk the runway in an updated version of the jungle print dress the star wore to the Grammys in 2000. The story behind the original Versace dress is that millions of people went online after the event to search for images of the singer wearing it, making it the most popular search query Google had seen at the time.
- MarketWatch
YouTube backtracks on verification changes
Alphabet Inc.'s YouTube ditched massive changes to its verification system Friday afternoon following a backlash from creators who use the video platform. "While rolling out improvements to this program, we completely missed the mark," a blog post released by the Google service on Friday reads. "We're sorry for the frustration that this caused." Specifically, YouTube will not make all creators appeal to keep the badge that signifies verification if they already have it. YouTube will also maintain rules allowing any channel with more than 100,000 subscribers to apply for verification; the service had announced plans to change the standard for verification to one that "prioritizes verifying prominent channels that have a clear need for proof of authenticity." YouTube still plans to change the appearance of the verification badge, though that change has been pushed back to next year.
- Reuters
In tech 'awakening,' U.S. workers at Google, Amazon join climate protests
Hundreds of workers from Google, Amazon and other technology companies on Friday joined climate-change marches in San Francisco and Seattle, saying their employers had been too slow to tackle global warming and needed to take more drastic action. While students set the global agenda and led local marches, U.S. West Coast tech workers said they turned out in support and called on makers of software and hardware as well as providers of services such as cloud data storage to do more. The marches cap a week in which Alphabet Inc's Google said it had increased its wind and solar energy deals by more than 40%, and Amazon.com Inc pledged to use only renewable energy by 2030.
- Barrons.com
Fitbit Stock Jumps Amid Reports That It Is Considering a Sale
Shares of Fitbit jumped Friday following reports that the wearable-tech company was “exploring a sale” with the help of an investment bank.
- Bloomberg
Climate Protesters From Paris to New York Rally to Save Planet
(Bloomberg) -- Tens of thousands of people around the world demonstrated to demand action on climate change as a global movement backed by 16-year-old environmental activist Greta Thunberg got under way Friday.Students skipped school and workers walked off jobs to participate in the rallies. In a central Sydney park, protesters held up homemade signs with slogans such as “You’re Burning our Future” and “There Is No Planet B.” In Berlin, demonstrators gathered by the landmark Brandenburg Gate, just a few steps from where Chancellor Angela Merkel’s government hammered out a 54 billion-euro ($60 billion) climate-protection package.Thousands gathered in New York, Toronto, Johannesburg, Warsaw and many more cities around the globe -- eager to add their voices to a movement fueled by youthful angst about rising temperatures.“This is about the future of our planet,” said Laura Lazzarin, an Italian national living in Berlin who joined demonstrators near the Brandenburg Gate. “We can’t go on like this, and politicians must realize that.”GlobalClimateStrike in London are urging political leaders to take action on the climate crisis CoveringClimateNow pic.twitter.com/2uCxa7jBLp— Bloomberg TicToc (@tictoc) September 20, 2019 Protesters joining the Global Climate Strike movement want governments to treat global warming as an emergency, slash subsidies for fossil fuels, and switch economies to 100% renewable energy as soon as possible. They’re part of a worldwide series of demonstrations that organizers say will take place in 150 countries on Friday and on Sept. 27.“As we deal with devastating climate breakdown and hurtle towards dangerous tipping points, young people are calling on millions of us across the planet to disrupt business as usual by joining the global climate strikes,” according to a statement on the organizers’ website.The movement has taken hold in Europe, where climate has been catapulted to the top of the political agenda. The European Union should walk away from fossil fuels, the bloc’s energy chief told Bloomberg TV this week after a record spike in oil prices. A total of 93% of Europeans see global warming as a serious problem, according to a recent survey by the European Commission.In front of the Brandenburg Gate, three protesters dressed in black stood on top of melting ice blocks with nooses around their necks as hundreds of people gathered around them, carrying home-made placards, blowing whistles and chanting “We are here, we are loud, because you’re stealing our future.”In Paris demonstrators -- a large number of whom were students -- marched from Place de la Nation, carrying placards with slogans like “our house is on fire” and “time to act.”In Poland, home to 33 of the EU’s 50 most polluted cities, more than 60 climate protests were held Friday. At the biggest gathering in Warsaw, more than a thousand demonstrators called for the government to curb its dependence on coal, which is burned to produce more than 80% of the country’s electricity.PrayforAmazon. We should stop buying the beef that's being imported from Brazil to Hong Kong."Climate activists gathered in Hong Kong, demanding world leaders to address global warming ClimateStrike GlobalClimateStrike pic.twitter.com/xfA2Gk0llB— Bloomberg TicToc (@tictoc) September 20, 2019 “The government is doing too little and this needs to be changed,” said Dionizy Debski, a high school student from Warsaw.Click here for TicToc’s ongoing coverage of the global climate protestsThe movement -- inspired by the braided Swedish teenager Thunberg who started weekly school walkouts last year -- has gone global, drawing parallels with other protests like the Civil Rights struggle and anti-apartheid demonstrations.Friday’s protests come ahead of United Nations events, including the first Youth Climate Summit on Saturday and the Climate Action Summit of government, corporate and other leaders on Sept. 23 in New York. Thunberg, who founded the “Fridays for Future” protest group, captured media attention by sailing across the Atlantic to address the youth event, rather than traveling by plane -- doing her bit to cap emissions.The climate campaign has spurred some companies into action. Germany’s Volkswagen AG, the world’s biggest automaker, pledged to make more electric cars and become climate-neutral by 2050.Amazon.com Inc. Chief Executive Officer Jeff Bezos vowed Thursday to wean his company off fossil fuels by 2030. He also announced the formation of a new organization -- the Climate Pledge -- amid a steady drumbeat of criticism from activists and his own employees over Amazon’s dependence on fossil fuels.GlobalClimateStrike rally.Protesters are urging leaders to address global warming and put an end to the age of fossil fuels CoveringClimateNow pic.twitter.com/jGfAI7Bnse— Bloomberg TicToc (@tictoc) September 20, 2019 Despite that pledge, Amazon employees around the world walked off the job on Friday, in offices from Poland to South Africa and Ireland.In Seattle, hundreds of workers, joined by colleagues from Google and other tech companies, rallied in front of the biospheres at the heart of Amazon’s headquarters.Weston Fribley, an employee and organizer of Amazon Employees for Climate Justice, said Bezos’s pledge was “just the beginning.” The plans, he said, “must be implemented.” He also repeated the group’s call for Amazon to end its sales to fossil fuel companies.On Thursday, Alphabet Inc. Chief Executive Officer Sundar Pichai made his own announcement, saying Google had agreed to buy 1.6 gigawatts of wind and solar power, describing it as a record purchase of renewable energy by a single company.Google Makes Biggest Clean Energy Purchase Ever by a CompanyIn Australia, the campaign has the backing of high-profile business leaders such as the billionaire co-founder of enterprise software company Atlassian Corp., Mike Cannon-Brookes. Atlassian was among hundreds of Australian employers, including law firm Slater & Gordon Ltd. and real-estate portal Domain Holdings Australia Ltd., that allowed workers to take time off to attend the rallies.The call to action has resonated across Europe, which has suffered from increasing bouts of drought and wildfires, and in Australia -- the world’s driest inhabited continent that derives the bulk of its energy from burning coal.For all the support the campaign is deriving, however, there are pockets of opposition. In Germany, the far-right AfD party slammed the government’s climate measures, citing escalating costs. Merkel’s government is “mercilessly squeezing its citizens for an ideology,” its co-leader Alice Weidel said in a Twitter post.(Updates with Amazon workers protest.)\--With assistance from Maciej Martewicz, Helene Fouquet and Matt Day.To contact the reporters on this story: Bruce Einhorn in Hong Kong at beinhorn1@bloomberg.net;Thuy Ong in Sydney at hong35@bloomberg.net;Stefan Nicola in Berlin at snicola2@bloomberg.netTo contact the editors responsible for this story: Chad Thomas at cthomas16@bloomberg.net, Vidya Root, Eric PfannerFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
- TipRanks
Evercore Remains Bullish on Alphabet Stock as Antitrust Threat May Prove Less Than Feared
To help aid its investigation into Big Tech, investigators from the House Judiciary Committee last week wrote to Alphabet's (GOOGL) Google, Apple (AAPL) and Amazon (AMZN), requesting documents which they believe will help provide information on whether these companies have broken any laws. Primarily, the committee is looking into whether Big Tech practices are harming customers or violating antitrust law, but are not necessarily looking into privacy (as other bodies are).When it comes to Google, the House is looking into a wide-range of antitrust concerns, including 25 businesses within the company. While the scope is large, Evercore's Kevin Rippey is not too concerned as “only four of these areas of concern relate to the core search business,” which represents about 75% of the enterprise value.As a result, Rippey maintains an Outperform rating on GOOGL stock, with a $1,350 price target, which implies about 10% upside from current levels. (To watch Rippey's track record, click here)"So long as the House’s efforts are focused on businesses other than Search, the magnitude of material financial risk may prove less than feared," Rippey opined. "The Committee seems more focused on the company’s ad tech complex...as well as the sharing of data between the Chrome, Android, Cloud, and advertising business lines.” Chrome will be a priority for the Committee, as it mentioned the browser four times in letter to the company. Besides Chrome, Rippey believes “Android and the app store remain areas of vulnerability.” Given the app store’s "monopoly control over app distribution,” Rippey thinks that app stores “are a key area of vulnerability under existing anti-trust law.” For better or worse, this is not Google’s first time in an antitrust investigation. Last year, the company was fined $5 billion by the European Commission for Android-related antitrust violations. And with Big Tech is routinely and increasing receiving negative attention from presidential candidates in the Democratic party, this investigation is surely not the end of regulators’ focus on the tech giant. But like other tech companies, Alphabet stock continues to be one of Wall Street's favorites. TipRanks analysis of 33 analysts ratings on the stock shows a consensus Strong Buy, with 29 analysts rating the stock a Buy and four who giving it a Hold. The average price target among these analysts stand at $1,404.22, representing a 14% upside from current levels. (See GOOGL's price targets and analyst ratings on TipRanks)
- InvestorPlace
Walgreens Drone Delivery Tests to Begin Next Month
Walgreens (NASDAQ:WBA) drone delivery is coming to Virginia in October as part of a test run.This will have the Walgreens drone delivery being available to residents living in Christiansburg. That will allow these residents to choose from over 100 items that they can have shipped to their homes via drone.The Walgreens drone delivery test is due to its partnership with Wing Aviation. Wing belongs to the family of companies underneath Alphabet (NASDAQ:GOOG,GOOGL). It has been testing out drones at the nearby Virginia Tech in Blacksburg.InvestorPlace - Stock Market News, Stock Advice & Trading TipsThe partnership between Wing and Walgreens will make it the first U.S. retailer to offer on-demand drone delivery to customers. Teaming up with Wing also makes sense as it is the first company to receive certification from the Federal Aviation Administration for drone operation.So what all can customers expect to get from the Walgreens drone delivery tests? We'll customers can choose what they want, but they can also order premade packs. These packs offer a variety of different goods for different circumstances. They are as follows. * Allergy * Baby * Cough/Cold * First aid * Pain * Kids' snacks * 7 Triple-'F' Rated Stocks to Leave on the Shelf The idea is that these quick packs will be able to get customers what they need without having to leave home. For example, someone not wanting to go out due to a cold could order the cough/cold pack. However, it's also worth pointing out that customers won't be able to have the Walgreens drone delivery service drop off prescriptions.WBA stock was up 1% as of Friday afternoon.As of this writing, William White did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Triple-'F' Rated Stocks to Leave on the Shelf * 10 Excellent Stocks to Watch for 2020 and Beyond * 7 Consumer Stocks to Buy in an Uncertain Market The post Walgreens Drone Delivery Tests to Begin Next Month appeared first on InvestorPlace.
- Bloomberg
Corporate America Has Found a Way to Turn a Profit Off Being Green
(Bloomberg) -- It’s time to stop crediting corporate sustainability efforts as acts of altruism. For big business, protecting the environment often means padding the bottom line.Nike Inc. has come up with a way to weave more efficiently, reducing the raw material and labor time needed to make each shoe. That has kept more than 3.5 million pounds of waste from reaching landfills since 2012. But the good news doesn’t stop with the environmental impact. The company is spending less on transportation, materials and waste disposal.The shoemaker’s “more environmentally conscious product has been a source of cost savings,” said James Duffy, an analyst at Stifel.Those flimsy plastic water bottles sold by Nestle SA? The ultra-thin design has a smaller impact on the environment while pushing down costs associated with packaging and shipping. Amazon.com Inc. and Walmart Inc. have poured tens of millions of dollars into a fund that builds out recycling infrastructure, reducing landfill tipping fees and recovering material that could be sold as new products.Tech giants have spent billions of dollars on solar and wind power, cutting greenhouse-gas emissions and energy expenditures at the same time. Alphabet Inc.’s Google, Amazon and Facebook Inc. are now some of the largest buyers of green power in America.Turns out it’s not just easy being green—it’s also profitable.“We’ve moved past this concept that business versus the environment is a tradeoff,” said Tom Murray, who advises companies on reducing emissions at Environmental Defense Fund, including Walmart, McDonald’s Corp. and Procter & Gamble Co. “The business benefits were always there, but more and more companies are going after them.”The business case for going green has never been stronger as companies find ways to make more from less. Here’s a look at the ways corporate sustainability is making environmentalism pay.Lightweight Flights Cost LessUnited Airlines Holdings Inc. has been making its planes lighter, driving down fuel use and costs. Airlines account for almost 2% global carbon emissions. Not even the in-flight magazine has been spared in the search for unnecessary heft: changing to a lighter paper stock saved almost $300,000 per year on fuel. United redesigned airplane bathrooms, switched out beverage carts and ended duty-free sales. The company was also working on reducing its cabin waste to zero. What it pays: United has saved more than $2 billion on fuel so far.Hanging Hotel Towels Saves More Than Water It turns out that simply asking guests to hang up towels to dry and forego daily sheet changes can save hotel operators 25% off annual energy costs. “To some surprise within the hotel industry, this option was quickly embraced by hotel guests as a small way to engage in energy conservation,” according to a report by the Urban Land Institute. Clarion Partners LLC does that at all of its hotels and went a step further by reducing flows through toilets, faucets and showerheads.What it pays: Cutting water use saves Clarion hotels about $17,250 per year.Idle Trucks, Real MoneyWalmart runs one of the biggest trucking fleets in the U.S. That means scores of semis standing in traffic at any given time. At that scale, the introduction of technology that reduces energy use when trucks or idling and software that creates more efficient routes can improve fuel efficiency by 90%, reducing carbon dioxide emissions.What it pays: Diesel averages almost $3 a gallon in the U.S. Tech’s Green Power PayoffGoogle, Facebook and Amazon are among the largest energy consumers in the U.S., and a lot of that power is now emission-free. Each company committed to getting 100% of their power for their data centers from renewable resources such as wind and solar. Exxon Mobil signed up to energize its operations in Texas with solar and wind energy starting next year, which would place the oil producer among the top 10 buyers.What it pays: With renewables now cheaper than fossil fuels, these green energy commitments shave an estimated 10% off tech giants’ gargantuan utility bills.Paperless Bathrooms Are CheaperRestaurants, movie theaters and others have been making the switch from paper towels to hand dryers in their restrooms for years. Dryers have become the norm because of the savings on the cost of paper towels and the expense of sending garbage to the landfill. Soldier Field, home of the Chicago Bears, made the switch and cut carbon emissions by 76% per use.What it pays: A football stadium can save more than $12,000 a year over the cost of paper towels. Re-Sold Clothes Are a MoneymakerPatagonia Inc. has been repairing and recycling clothes since its inception in the 1970s, making the practice a core part of the brand’s environmental image. Two years ago, however, the company added incentives for customers who return used items. This wasn’t just an act of urgency to keep clothing out of landfills. A 3-in-1 Snowshot Jacket that retails new for about $400 was recently listed on Patagonia’s Wornwear website for $187 to $207, more than twice the amount paid to customers in a voucher.What it pays: Each re-sale of a high-quality used jacket can net $100. “It’s a profitable business unit,” said Phil Graves, director of corporate development at Patagonia.Slender Plastic SavingsNestle has been saving money with ever-thinner plastic bottles, cutting the content in its half-liters by more than 60% since 1990. That also reduces the harmful chemicals and emissions produced from making plastic and saves on transportation costs. There’s also been a push to use more recycled material. Nestle recently started offering a 100% recycled bottle for its Pure Life water brand. Coca-Cola Inc. has decided to ditch plastic altogether for its Dasani line by pumping water into aluminum cans. That switch will make it easier to recycle and boost profitability. The cans weigh less, which cuts transportation costs. What it pays: 72 cents per pound of plastic resin.Beer With Less Spent on WaterLagunitas Brewing Co. was growing so quickly that its local water utility couldn’t process all the highly concentrated wastewater produced by its manufacturing process. Managing it all might have required costly upgrades to the municipal system. The brewer instead bought a new type of treatment system onsite that cleans the 7 gallons of high-strength wastewater made with every gallon of beer. The methane byproduct is used to produce electricity. Its one of the many breweries and vineyards out there that have now installed these systems.What it pays: Estimated savings more than $1 million a year on utility bills.This story is part of Covering Climate Now, a global collaboration of more than 250 news outlets to highlight climate change.(Adds zero-waste effort in ninth paragraph)To contact the authors of this story: Chris Martin in New York at cmartin11@bloomberg.netMillicent Dent in New York at mdent13@bloomberg.netTo contact the editor responsible for this story: Aaron Rutkoff at arutkoff@bloomberg.net, Lynn DoanFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
- Reuters
UPDATE 2-Few U.S. lawmakers hit 'like' button after Facebook CEO visits Capitol Hill
Facebook CEO Mark Zuckerberg wrapped up three days of discussions with Washington movers and shakers on Friday, with few if any indications he had won new "friends" to help the top social media company deal with multiple probes by Congress, state attorneys general and federal regulators. Zuckerberg, Facebook's founder, won some praise for agreeing to lengthy talks behind closed doors with officials ranging from President Donald Trump to a long list of lawmakers. Trump posted a photo with Zuckerberg on Twitter and called their Oval Office session on Thursday a "nice meeting." Facebook called Zuckerberg's discussion with Trump "a good, constructive meeting" but neither side disclosed specifics.
- Reuters
Europe's top court to rule on 'right to be forgotten' Google case on Sept. 24
Europe's top court will rule on Sept. 24 whether Alphabet Inc unit Google must remove links to sensitive personal data worldwide or in Europe only in a case that pits privacy rights against the right of free speech. A second related dispute before the Luxembourg-based Court of Justice of the European Union (ECJ) is whether Google must automatically delete search results with sensitive information on a person's sex life or criminal convictions, among others.
- Market Realist
FedEx Teams Up with Google Wing to Test Drone Delivery
FedEx (FDX) has teamed up with Alphabet’s (GOOGL) Wing to make drone delivery a reality. Let's take a closer look at how.
- TheStreet.com
Cloud Data Center Construction Boom Is Good News for Chip and Hardware Suppliers
As cloud giants digest some of their past investments in hardware and chips, they're still investing heavily in growing their data center capacity. That's ultimately a positive for data center REITs and chip suppliers with cloud exposure.
- Barrons.com
Wall Street Is Worried About Elizabeth Warren. It’s Right to Take Her Seriously.
In the Massachusetts senator’s sights: Big Tech, the financial industry, and health-care and drug companies. One strategist sees a 2020 presidential election between “two polarizing demagogues, both appealing to the extremes.”
- Zacks
Autonomous Driving Space Gains Steam: Stocks in Focus
Here we discuss few stocks well poised to capitalize on their ongoing initiatives in self-driving space.
- Zacks
Apple to Use Recycled Rare Earth Elements in iPhone 11 series
Apple (AAPL) plans to use recycled rare earth elements in iPhone 11 series.
- Investing.com
Stocks - Roku, General Motors Fall Premarket; Etsy Rises
Investing.com - Stocks in focus in premarket trading on Friday:
- MarketWatch
Swedish climate activist Greta Thunberg urges U.S. lawmakers to listen to scientists and ‘take real action'
Thunberg’s remarks came during a joint hearing of the House Committee on Foreign Affairs and the House Select Committee on the Climate Crisis titled “Voices Leading the Next Generation on the Global Climate Crisis.”
- MarketWatch
Hearing on online extremism amid ‘gun-violence crisis’ shows Congress’s ‘absurdity,’ says Democratic senator
The remarks from Sen. Tammy Duckworth of Illinois come during a hearing of the Senate Commerce Committee that aims to look at how social media giants are handling violent or threatening content on their platforms.
- TheStreet.com
[video]Google Investing $3.3 Billion in Data Centers in Europe
Google is investing 3 billion euros ($3.3 billion) to expand its data centers in Europe over the next two years and 'reskill the workforce for the new digital economy.'
