|Bid||0.00 x 1200|
|Ask||0.00 x 900|
|Day's Range||1,182.00 - 1,218.55|
|52 Week Range||918.60 - 1,218.55|
|PE Ratio (TTM)||51.36|
|Earnings Date||Jul 23, 2018|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||1,279.72|
Google is continuing to test new strategies in China after the U.S. search
Earnings and more commentary from Federal Reserve chair Jerome Powell will be the highlights for investors on Wednesday after tech stocks closed at a record high on Wednesday.
As tech companies continue to dominate Wall Street, with four now standing alone with valuations of more than $800 billion, gigantic growth is priced in and expected. All the drama is in the forecasts.
MGM Resorts International is suing some of the people associated with the deadliest shooting in modern U.S. history, including victims of the attack, to protect itself from potentially significant legal claims. MGM owns the Mandalay Bay Casino & Resort, where Stephen Paddock shot into a crowd of concertgoers with high-powered guns from a room on the Las Vegas hotel?s 32nd floor in October. In lawsuits, filed Friday in Las Vegas federal court, MGM claims that more than 2,500 people have sued it or its subsidiaries or had threatened to do so in connection with the shooting.
By being so big and still growing so fast, the world’s largest technology companies are in uncharted territory. Combined annual revenue for the world’s five largest companies by market value already tops the gross domestic product of 90% of the world’s countries. Apple Inc., Amazon.com, Alphabet Inc., Microsoft and Facebook are expected to average sales growth of 21% on a combined basis this year compared with 19% last year.
Listen to me. If it weren't for ETFs -- specifically, if there weren't so many FANG-related ETFs, because the acronym stands out -- then what happened last night with Netflix wouldn't have mattered.
First, despite there being tremendous competition to eyeballs and for peoples' time, Netflix still has an excellent business with fantastic growth. Third, and most important, CEO Reed Hastings, deservedly gets the benefit of the doubt. Investors don't seem to be scared about how much money Netflix is spending on new programming.
The European Union is expected to slap Google with a record fine for abusing the dominance of its Android operating system on Wednesday. On Wednesday, the European Union is expected to rule that Google illegally used the market dominance of its smartphone software, Android, to stifle competition, hitting the Alphabet GOOGL -owned company with a hefty fine and aiming to change some of its business practices.
Nest Labs Chief Executive Marwan Fawaz has been removed from his post and the smart device unit of Google will be combined with Google's home and living room products team, according to a report in Cnet. Google and Nest are subsidiaries of Alphabet Inc. (googl)(goog) Google's home and living room products team is headed by Rishi Chandra, who is a vice president of product management and the Nest employees will now report to Chandra.
Glitches with Google Cloud disrupted service on popular apps such as Snapchat and Spotify, as well as websites for Breitbart and The Drudge Report on Tuesday. Google's Cloud Status Dashboard acknowledged ...