GOOGL - Alphabet Inc.
| Previous Close | 1,191.52 |
| Open | 1,185.17 |
| Bid | 1,151.11 x 800 |
| Ask | 1,153.21 x 800 |
| Day's Range | 1,150.00 - 1,195.67 |
| 52 Week Range | 977.66 - 1,296.97 |
| Volume | 1,813,141 |
| Avg. Volume | 1,604,447 |
| Market Cap | 799.221B |
| Beta (3Y Monthly) | 0.98 |
| PE Ratio (TTM) | 23.29 |
| EPS (TTM) | 49.53 |
| Earnings Date | Oct 23, 2019 - Oct 28, 2019 |
| Forward Dividend & Yield | N/A (N/A) |
| Ex-Dividend Date | N/A |
| 1y Target Est | 1,411.37 |
- Financial Times
Big Tech may be losing its allure for talented staff
For a long time, working in Big Tech was the dream for many young people. Big Tech might be concerned about government fines and PR emergencies, but its biggest problem could be failing to recruit and keep talented staff. Some high-profile leavers are going public with their complaints about the companies and the lure of Big Tech for graduates is being eroded.
- MarketWatch
Global effort to tax Big Tech is moving forward, official says
A global attempt by more than 120 countries to find a way to more fairly tax global internet giants is moving ahead despite individual countries’ deciding to impose their own tax, says the head of the international organization leading the project.
- Motley Fool
Better Robotaxi Stock: Alphabet or Tesla?
Both are among the leaders in self-driving cars, but they are taking entirely different routes to their destinations.
- Motley Fool
How I Beat the Market -- Tripled It, in Fact -- Over the Past Decade
Three simple criteria have helped me pick successful investments.
- Barrons.com
The University of Notre Dame Bought Up Netflix Stock, and Sold Microsoft and Alphabet
The University of Notre Dame’s investment office has “a long-term orientation to our investment partnerships and approach.” But the university made big changes in its U.S.-traded stock investments in the relatively short time frame of the second quarter.
- Market Realist
Why Is Expansion into India a Big Deal for PayPal?
PayPal takes on India’s digital payments market as it looks to international markets for growth. India presents a $1.0 trillion opportunity for the company.
- Zacks
Why Is Alphabet (GOOGL) Up 1.6% Since Last Earnings Report?
Alphabet (GOOGL) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
- MarketWatch
News cycle is daily reminder of Big Tech’s antitrust vulnerabilities
Each of the four Big Tech companies under investigation, to varying degrees, faces exposure to antitrust charges. Their vulnerabilities reflect their marketing strengths, from Apple Inc.’s money-minting App Store to Facebook Inc.’s vice-like grip on social media through its acquisition of WhatsApp.
- Motley Fool
Bill Gates Says This Type of AI Will Be Worth “10 Microsofts”
Artificial Intelligence is set to change the world according to several billionaires. Here are seven stocks riding the AI wave.
- MarketWatch
Google tells workers to cool it on politics at work
Alphabet Inc.'s Google has issued "community guidelines" that discourage employees from debating politics in the workplace, an about-face from its previously open policy. The new rule is an effort to tone done "disruptive" conversations, and hold employees responsible for what they say, the company said. Google is also designing a tool that lets workers flag objectionable internal posts, it said. The move comes after more than a year of protests from conservative politicians and commentators who claim Google has shown liberal bias in digital searches and in its corporate culture, culminating in a Congressional hearing on the topic last month.
- Market Realist
Can Knewz by News Corp Challenge Google’s Ad Business?
News Corp (NWSA), a longtime Google (GOOGL) critic, wants to take Google on in the online news distribution space. Here's how.
- TechCrunch
Watch a Waymo self-driving car test its sensors in a haboob
Waymo, the self-driving car company under Alphabet, has been testing in thesuburbs of Phoenix for several years now
- Bloomberg
Google Doesn’t Want Staff Debating Politics at Work Anymore
(Bloomberg) -- Alphabet Inc.’s Google posted internal rules that discourage employees from debating politics, a shift away from the internet giant’s famously open culture.The “community guidelines” tell employees not to have “disruptive” conversations and warn workers that they’ll be held responsible for what they say at the office. Google is also building a tool to let employees flag problematic internal posts and creating a team of moderators to monitor conversations on company chat boards, a spokeswoman said.“While sharing information and ideas with colleagues helps build community, disrupting the workday to have a raging debate over politics or the latest news story does not,” the policy states. “Our primary responsibility is to do the work we’ve each been hired to do.”Google has long encouraged employees to question each other and push back against managers when they think they’re making the wrong decision. Google’s founders point to the open culture as instrumental to the success they’ve had revolutionizing the tech landscape over the last two decades.But the free-wheeling culture has led to a rash of problems for Google management in recent years. Some employees have used internal chat boards to rally other workers against some Google projects, helping push the company to end work on a censored search engine for the Chinese market and an artificial intelligence contract for the U.S. military.“I think it’s specifically intended to silence dissent,” Irene Knapp, an engineer at Google, said. “This is the end of the important parts of Google’s open culture.”Listen to the Bloomberg Decrypted podcast "Google Workers Rise Up: Inside the Protests"“Ultimately, business interests will always win out over ethics in terms of what we’re allowed to say,” Knapp said.(Updates with comment from employee in sixth paragraph.)To contact the reporter on this story: Gerrit De Vynck in New York at gdevynck@bloomberg.netTo contact the editors responsible for this story: Jillian Ward at jward56@bloomberg.net, Robin Ajello, Giles TurnerFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
- Market Realist
Google Doesn’t Want Hong Kong Protests to Trigger YouTube Boycott
Google said yesterday that it would be shutting down 210 YouTube channels pumping out misinformation about the Hong Kong protests.
- Motley Fool
3 Top Artificial Intelligence Stocks to Watch in August
AI will be huge, and these companies are getting in on the ground floor.
- Market Realist
Amazon Is Set to Buy a Big Stake in Future Coupons
Amazon (AMZN) is all set to acquire a 49% stake in Future Coupons, a Future Group entity. The deal will give Amazon an indirect stake in Future Retail.
- Investor's Business Daily
Is Salesforce Stock A Buy? Investors Mull Digital Transformation Amid Acquisitions
CRM stock has lagged software group peers as investors digest big acquisitions, such as Tableau. Could digital transformation growth drive a Salesforce stock rally.
- InvestorPlace
Why Alphabet Stock Remains a Great Long-Term Investment
In the investment world, it's easy to get caught up in the day-to-day noise. But, a lot of that day-to-day noise amounts to nothing more than irrelevant distractions that do not materially impact the big picture. As such, when investing, it's often best to take a step back, and see the forest through the trees.Source: Castleski / Shutterstock.com When you do that with Alphabet (NASDAQ:GOOGL, NASDAQ:GOOG) stock, it becomes obvious why investors have reason to be optimistic about Alphabet stock in the long run.Specifically, this company has been, still is, and projects to remain, the backbone of the world's most used and valuable private good -- the internet.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 7 Retail Stocks to Buy on the Dip As the backbone of the internet, Alphabet is at the epicenter of the secular growth digital ad market. This will keep growing at a healthy pace over the next several years, and Alphabet will remain the dominant player. At the same time, Alphabet has multiple tangential growth drivers -- data-centers, self-driving, smart home, cloud gaming, etc. -- which will help support robust revenue and profit growth for a long time.As revenues and profits trend higher in the long run, so will GOOGL stock.Consequently, I remain bullish on Alphabet stock for the long haul. The fundamentals are simply too good to pass up on, and the valuation leaves plenty of room for big upside over the next few years. Long-Term Outlook Is FavorableThe first part of the long-term bull thesis on Alphabet stock is that this company's long-term fundamentals and growth prospects are highly favorable.Although history is not a clear indicator of the future, it is nonetheless important to see what Alphabet has done over the past decade and to see where the company may go over the next decade. Consider the following:* Alphabet's revenues have risen at a 20% compounded annual growth rate over the past decade, faster than the global digital ad market's ~16% growth rate during that same stretch (from 2008 to 2018).* Alphabet's operating profits have risen at a 17% compounded annual growth rate over the past decade, inclusive of 2018's depressed margins.* GOOGL stock is up more than 400% over the past decade.That's an impressive track record of consistent and robust revenue, profit, and share price growth for Alphabet. It lays the groundwork for continued success over the next several years.The digital ad market projects to keep growing for the foreseeable future, as global consumption continues to pivot into the digital channel. Despite rising competition, Alphabet projects to remain the global leader in that market, mostly because YouTube and Google Search are irreplaceable titans in the digital ecosystem.Beyond the digital ad business, Alphabet's cloud business will continue on its rapid growth trajectory as a continued surge in data volume globally will translate into increased data-center usage. The hardware business will gain traction with new products like Google Stadia. The self-driving Waymo business will start to produce meaningful revenue once self-driving taxi services become a real thing.The long term outlook supporting GOOGL stock remains broadly robust. Alphabet Stock Valuation Leaves Room For UpsideThe second part of the long-term bull thesis on Alphabet stock is that the current valuation leaves plenty of room for upside over the next several years.The global digital ad market is projected to slow over the next few years. But, into 2025, it is projected to grow at a 10%-plus annualized pace. Alphabet's ad growth rates will likely be slower, as the company cedes market share to up-and-coming digital ad companies like Snap (NYSE:SNAP) and Pinterest (NYSE:PINS). But, that lagging ad growth rate will be more than offset by 20%-plus growth rates from the cloud, hardware, and self-driving businesses.Assuming roughly 10% growth out of the ad business and roughly 20% growth out of everything else, Alphabet should be able to grow revenues at a 10%-15% rate over the next several years. Margins -- which are already stabilizing after several years of compression at the hands of a shift to lower-margin mobile advertising -- should move higher as the company's up-and-coming businesses gain sufficient scale to drive meaningful operating leverage.Alphabet very realistically projects as a double-digit revenue grower over the next several years with sizable margin drivers. That paves a visible runway for EPS to eclipse $100 by 2025. Based on a historically average 20-times forward multiple, that implies a 2024 price target of $2,000-plus for Alphabet stock.Alphabet stock trades hands below $1,200 today. Thus, over the next few years, Alphabet stock has fundamentally supported visibility to nearly 70% gains. Bottom Line on GOOGL StockWhen it comes GOOGL stock, the best thing to do is take a step back and see the forest through the trees. When you do that, it becomes clear that all this digital ad regulation, big tech break-up, compressing margins, and slowing growth noise is just … well, noise.In the big picture, Alphabet is the backbone of the internet, at the epicenter of a secular growth digital ad market, and supported by multiple tangential growth drivers in cloud, hardware, and self-driving. That big picture translates into one simple fact: revenues and profits will move meaningfully higher over the next five years.So will GOOGL stock.As of this writing, Luke Lango was long GOOG. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Retail Stocks to Buy on the Dip * 7 Marijuana Stocks With Critical Levels to Watch * 7 Internet of Things Stocks to Buy Now The post Why Alphabet Stock Remains a Great Long-Term Investment appeared first on InvestorPlace.
- Investing.com
Alphabet A Falls 3%
Investing.com - Alphabet A (NASDAQ:GOOGL) fell by 3.05% to trade at $1,155.22 by 14:03 (18:03 GMT) on Friday on the NASDAQ exchange.
- Motley Fool
Is Microsoft the New Safe Haven Stock?
"Tech" and "blue chip" aren't mutually exclusive...
- Zacks
VMware (VMW) Q2 Earnings & Revenues Beat Estimates, Grow Y/Y
VMware's (VMW) second-quarter fiscal 2020 results benefit from strong top-line growth, driven by robust performance from NSX and vSAN product lines.
- Zacks
Zacks Market Edge Highlights: Google, Cisco, Aptinyx, Uber and Lyft
Zacks Market Edge Highlights: Google, Cisco, Aptinyx, Uber and Lyft
- Market Realist
Venezuela Talks Could Impact Google and Facebook
This week, we learned about ongoing efforts to end the political crisis in Venezuela. We think that tech companies could benefit if the talks are successful.
- TheStreet.com
Augmented Reality, Via Google and Apple, Will Be the Biggest Star of 5G
Telecom carriers need a win. The smartphone business is stagnant. Consumers have become complacent with good enough devices. But 5G, coupled with amazing new AR experiences, changes everything.
- Bloomberg
The EU’s Next Bad Idea? A So-Called Sovereign Wealth Fund
(Bloomberg Opinion) -- If you are searching for the EU’s next bad idea, look no further than the “European Future Fund.” The 100 billion euro ($110 billion) pot, first reported in Politico, would be a way to boost strategic sectors which are seen as lagging behind China and the U.S.It’s not a formal policy plan, and the details are still scanty. But Ursula von der Leyen, the incoming president of the European Commission, would be wise to ignore the proposal. Europe needs to pool resources in other areas, starting, for example, with a fund to help euro-zone member states stabilize their economies when they face shocks. It’s best to leave most of industrial policy to national governments, making sure they do so fairly.The “European Future Fund” has been dubbed a sovereign wealth fund – except that it isn’t. The EU is not a sovereign state and will not become one for the foreseeable future. The EU would not be tapping any existing “wealth” or natural resources. A sovereign wealth fund like Norway’s – which uses income generated by its oil and gas reserves – is a way to ensure that such riches are not wasted on current spending, but invested to guarantee future prosperity. The EU would simply be using existing budget resources to create such a fund in the hope of attracting money from the private sector.Any help for Europe’s so-called strategic sectors should be handled with care. There is merit in launching joint R&D initiatives, such as the partnership France and Germany have set up to develop electric car batteries. But it is less clear why the EU should intervene to stop takeovers of individual firms by foreign companies, which seems to be at least one of the reasons to set up this fund. Does the Commission have the ability to manage a stake in a fast-growing tech firm? With what objectives? At what price will the acquisition take place? The risk is that fewer European start-ups will grow if they fear they can’t be sold to a deep-pocketed foreign rival. Take no offense, but Google can be a much more attractive buyer than any “European Future Fund.”The Commission is going at the problem the wrong way. Several member states – France and Germany in particular – have decided that the reason why Europe is not fertile ground for innovation is that companies are not allowed to develop to an adequate size to compete with rivals from China and Silicon Valley. They argue that competition policy needs updating, which is really a polite way to say it needs to be watered down. This argument is misplaced in several ways. Economic studies have found no direct relationship between how large and how innovative a business is. Moreover, the Commission rarely blocks mergers between companies that operate in similar industries. If a state wants to step in and buy a company at its market price and manage it in a competitive manner, there is no reason why it can’t.Margrethe Vestager, the EU’s departing competition commissioner, has offered some meaningful resistance to this Franco-German push, for example blocking the rail merger between Alstom SA and Siemens AG. But it’s unclear that any new commissioner, assuming she moves on to another role, will be as combative. The EU needs a strong enforcer of competition more than any lofty new fund.To contact the author of this story: Ferdinando Giugliano at fgiugliano@bloomberg.netTo contact the editor responsible for this story: Stephanie Baker at stebaker@bloomberg.netThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Ferdinando Giugliano writes columns on European economics for Bloomberg Opinion. He is also an economics columnist for La Repubblica and was a member of the editorial board of the Financial Times.For more articles like this, please visit us at bloomberg.com/opinion©2019 Bloomberg L.P.
