|Bid||1,206.00 x 1000|
|Ask||1,207.40 x 900|
|Day's Range||1,206.00 - 1,233.63|
|52 Week Range||977.66 - 1,291.44|
|Beta (3Y Monthly)||1.17|
|PE Ratio (TTM)||27.63|
|Earnings Date||Apr 29, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||1,343.80|
A top Pentagon official plans to meet with Google brass and Facebook has 'hundreds of millions' of users scrambling to change their password. Yahoo Finance's Dan Howley talks about Big Tech's troubles with Adam Shapiro and Julie Hyman.
Having tested Google Stadia at GDC 2019, we discuss what looming questions lie in the cloud about what this game streaming platform really is.
This week's major tech headlines included Apple's new iPad Air and Mini, Google's entry to the world of game-streaming with Stadia and how telecom companies are tackling robocalls.
The IPO filing said that Alphabet Inc.’s Google "de-indexed" Pinterest’s keyword landing pages in the first quarter of 2018. Pinterest did not say why Google did this, and a Google spokeswoman didn’t immediately respond to a request for comment. De-indexing happens when Google removes web pages from its gigantic network of online information.
The Stadia platform may eventually face competition from Microsoft and Nvida and will need to develop its own hit games.
Pinterest in its filing for an initial public offering Friday reported strong user growth internationally and even a profit in the fourth quarter. The San Francisco-based company filed with an initial offering size of $100 million, a placeholder amount used to calculate fees that’s likely to change. While the proposed terms of the share sale won’t be disclosed until a later filing, Pinterest could raise about $1.5 billion in an IPO valuing it at at $12 billion or more, people familiar with the matter have said.
Pinterest says changes by Google and Facebook in early 2018 negatively impacted its user growth.
Czech search engine Seznam urged Google on Friday to disclose more details about its plan to boost rival search apps in Android smartphones, saying it continued to lose users due to what it said were Google's anti-competitive practices. Seznam, which attracts as much advertising spend as Google in the Czech Republic, took its grievance to the European Commission nearly three years ago. It subsequently joined lobbying group FairSearch whose complaint triggered the European Commission's investigation into Google's mobile operating system Android which ultimately led to a record 4.34 billion euro (£3.7 billion) fine.
The stock market rallied as Apple, Amazon and other big techs soared. The Boeing 737 Max faces a criminal probe. Biogen gave up on an Alzheimer's drug.
Tech stocks have made a spectacular comeback this year but face a number of political and economic risks that could send crashing again.
Competitors include Cisco, Google and Microsoft. Zoom , which provides video-conferencing software that can be used across devices, filed its IPO prospectus on Friday, joining a crop of Bay Area start-ups preparing to hit the public markets. Unlike most tech companies at this stage, Zoom is profitable.
Amazon (NASDAQ:AMZN) stock sat out most of the rally over the past few months. However, it wasn't alone. Apple (NASDAQ:AAPL) and Alphabet (NASDAQ:GOOGL, NASDAQ:GOOG) also didn't join the rally, leaving many to wonder what was causing the hesitation. However, over the past few days, we've seen a big rally of Amazon stock, signaling that its slumber may be coming to an end.Is now the time to buy AMZN stock? * 7 Beaten-Up Stocks to Buy as They Reverse Course Investors first have to ask themselves if they like the company or if they like the stock. Bullish investors who are purely looking to trade Amazon stock are late. Those who were prepared came into this week long and are now raising their stop-losses and locking in some gains.InvestorPlace - Stock Market News, Stock Advice & Trading TipsHowever, if investors like the company, it doesn't hurt to wait until the stock's technicals are becoming more bullish. For investors in that camp, there are plenty of reasons to like Amazon stock. Amazon Stock Is a JuggernautThe best thing about AMZN stock may have been its recent cheapness. Until recently, the shares were almost 20% off their highs, and they stayed there for several months. That gave investors a chance to gobble up Amazon stock while it was on sale.But I understand that the valuation of AMZN, as it always has been, is insane. AMZN, however, is not a traditional company and therefore it is not bound by traditional valuation metrics. I know strict, traditional investors will have a field day with that "exception to the rule" explanation, but it's true. Some investors' unwillingness to acknowledge such exceptions has kept them from buying the market's biggest winners, like Amazon and Netflix (NASDAQ:NFLX).You didn't have to hold these names for 20+ years or buy shares during their IPOs to reap massive gains. We knew what AMZN and NFLX were all about ten years ago and could have made a massive amount of money going long AMZN stock and NFLX stock. In the last decade, Amazon stock has surged "just" 2,420%, turning $10,000 into a quarter-million dollars, while Netflix has jumped almost 6,000% in the same time frame.Even over the last five years -- when each company's long-term, non-cyclical opportunities had already become clear -- AMZN stock and NFLX have returned about 375% and 500%, respectively. And given all of Amazon's opportunities, owning Amazon stock is worthwhile.Its e-commerce unit has considerable revenue and is already well-known, but its other units are garnering attention, too. Its cloud business, Amazon Web Services, has become one of the most dominant in the industry. Given its huge popularity, its ad business has also become quite attractive. It likely obtains annual cash flow of $10 billion from Prime membership fees, and its Whole Foods acquisition gives Amazon a presence in the grocery sector. Trading AMZN Stock Click to Enlarge From a trading perspective, the time to go long Amazon stock has come and gone. That opportunity presented itself last week before the stock's $80 move. It's now prudent to trim positions in Amazon stock and raise stop-losses.For longer-term investors, AMZN stock is looking much better, now that it has exceeded its 200-day-moving average. It will look even better if it can hold that mark after this fresh breakout.If it can stay above that level, AMZN can begin the process of pushing higher again. Once it climbs over that $1,775-ish level, which kept AMZN in check in November and December, AMZN stock can really start to fly. The next level of interest would come into play near $1,850.Remember, cloud names have been on fire, and Amazon has a significant cloud presence. For the past few quarters, management's outlook has kept bulls at bay. However, AMZN stock is known for gathering momentum after big declines. Amazon stock fell almost 35% from peak to trough in recent month and, historically, has gone on to post big gains after those types of stumbles.I have no reason to bet against AMZN over the long- term. I also have no reason to bet against it in the short-term if it stays above the 200-day.Bret Kenwell is the manager and author of Future Blue Chips and is on Twitter @BretKenwell. As of this writing, Bret Kenwell is long AAPL, GOOGL and AMZN. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Retail Stocks That Will Continue to Rebound in 2019 * 5 Stocks To Buy for the Happiest Employees * 7 ETFs for a Millennial Portfolio Compare Brokers The post Amazon Stock Is Finally Breaking Out appeared first on InvestorPlace.
With the government’s interest in artificial intelligence heading toward a fever pitch, the pressure is on for contracting officers to find new tricks within the rules of the road to keep pace.
E-Commerce Digest: The Latest on JD, PDD, and ETSY(Continued from Prior Part)Pinduoduo’s revenue has more than tripledIn the past three quarters, no major Chinese e-commerce company has been growing faster than Pinduoduo (PDD). Through its
The Latest on Tech Stocks Apple, Google, Disney, and Netflix(Continued from Prior Part)Google slapped with another $1.7 billion fine Alphabet’s (GOOGL) Google is in trouble with the European Union’s antitrust regulator once again after being
Today's Google Doodle, the temporary alteration of Google's homepage to honor holidays, events and historical figures, allows users to compose music — which, with the help of artificial intelligence, sounds almost like something composed by Johann Sebastian Bach.
Tech giant Alphabet (NASDAQ:GOOG, NASDAQ:GOOGL) turned heads earlier this month when the company announced its highly anticipated cloud-gaming platform, called Google Stadia. The launch was light on details, but in short, Google Stadia is a platform which allows gamers to stream video games from Alphabet's massive global network of data centers to any internet-connected device in the world.Source: Brionv via Wikimedia (Modified)No consoles or physical hardware will be required, outside of a controller. Think Netflix (NASDAQ:NFLX) for the video-game world. * 7 Beaten-Up Stocks to Buy as They Reverse Course Insiders have labeled this video-game-streaming market, "cloud gaming." Inevitably, cloud gaming will follow in the footsteps of the streaming-internet-TV market and one day turn into a really big global market.InvestorPlace - Stock Market News, Stock Advice & Trading TipsHow big? I think the total addressable market for cloud gaming measures somewhere north of $600 billion.But as with any total addressable market figure, I don't think the market will ever realistically get that big. Still, since there are 2.3 billion active gamers in the world, I think that the cloud gaming market will eventually be a $360 billion market.Right now, given Google's infrastructure, brand name, and financial resources, Google Stadia is positioned to be the Netflix of this industry. Netflix controls about half the global-internet-TV market. Thus, if Google Stadia can become the Netflix of cloud gaming, the business could one day generate annual revenue of nearly $200 billion.That's a big deal for GOOGL stock. Alphabet is set to generate less than $200 billion of total revenue this year. As a result, Google Stadia could more than double Alphabet's revenue in the long run. Presumably, that means it could tremendously lift GOOGL stock in the long run, too.So Google Stadia - while still relatively new - is yet another reason to be bullish on GOOGL stock in the long-run. Cloud Gaming Is the FutureMany compare cloud gaming to the streaming-internet-TV market. This comparison is quite accurate. Both cloud gaming and internet streaming video improve traditional on-premise solutions by removing the hardware, increasing convenience, and providing the benefits of a subscription model (consumers love subscriptions).The-streaming-internet-TV market has already entirely disrupted the traditional video market. The cloud-gaming market will do the same to the traditional video-game market. As a result, within the next several years, it seems likely that all videos will be watched and all video games will be played using cloud-hosted solutions.But this comparison ignores one important point: consumers can get by just fine without a streaming-internet-video subscription. Although streaming-internet video almost entirely wiped out DVDs, the traditional video content world is much bigger than DVDs.Traditional TV packages have hundreds of channels that allow consumers to watch TV shows, live sports, and news, and purchase movies. There are also movie theaters, which allow consumers to watch every big hit coming out of Hollywood.The video-game world doesn't have comparable outlets . Games are sold directly by publishers to consumers. Those games are played on a console. There's no equivalent to movie theaters in the video-game world.Internet-streaming video killed the DVD business rather quickly. Cloud gaming will kill the hardware-video-game business rather quickly, too. And, because there's no other outlets in the video-game world, the killing of traditional video-game hardware will rapidly and directly translate into the growth of cloud gaming.As a result, I think the cloud-gaming industry can get very big, very fast. A $200 Billion Opportunity for GOOGL StockRealistically, I believe the leader of the cloud-gaming sector will one day generate nearly $200 billion of annual revenue from that business.According to Newzoo, there are 2.3 billion active video-game players in the world. That number is rapidly growing. Within the next decade, it will easily hit and very likely surpass 2.5 billion.Internet-streaming-video solutions cost around $10 per month. New video games usually cost about two to three times as much as new DVDs. Consequently, cloud-gaming services should be more expensive than internet-streaming-video. Let's say $20 per month. Monthly revenue of $20 from 2.5 billion gamers equates to a total-addressable market for cloud gaming of $600 billion.I'm not sure the market will ever get that big. Getting 2.5 billion people around the world to pay $20 per month is a tall order. Some would say that's impossible. I'd be inclined to agree.But 1.1 billion gamers are spending money on in-game purchases, and those are the gamers who would likely pay $20 per month for cloud gaming because they are already spending big money on games. The number of such gamers is rapidly growing. Within the next decade, it will likely hit 1.5 billion. At $20 per month, that suggests a realistic addressable market for cloud gaming of $360 billion.Right now, Netflix has roughly 140 million subscribers in a world in which 250 million households stream video over the internet. So NFLX has over 50% of the global-internet=streaming-video market. Realistically, then, the leader of cloud gaming with Netflix's level of market share would control roughly 50% of the market. That means the cloud-gaming leader could one day have an opportunity to generate nearly $200 billion of annual revenue.Will that leader be Google Stadia? It's too early to tell. But Alphabet does have the data-center infrastructure, brand-name, and financial resources to make Google Stadia a leader in the cloud gaming market. So Google Stadia does have a realistic opportunity to be a hundred-billion-dollar business one day, boosting Alphabet stock in the process. The Bottom Line on GOOG StockAlongside continued robust ad revenue growth, a red-hot cloud business, and a potentially enormous self-driving business, Google Stadia is yet another reason to buy and hold GOOGL stock for the long-haul.As of this writing, Luke Lango was long GOOG and NFLX. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Retail Stocks That Will Continue to Rebound in 2019 * 5 Stocks To Buy for the Happiest Employees * 7 ETFs for a Millennial Portfolio Compare Brokers The post Stadia Is a $200 Billion Opportunity for Alphabet Stock appeared first on InvestorPlace.
E-Commerce Digest: The Latest on JD, PDD, and ETSYJD sets up a store on Google Express JD.com (JD) has started selling on Google’s (GOOGL) online shopping platform, Google Express, according to Reuters. Through the Google Express store, Joybuy,