GOOGL - Alphabet Inc.

NasdaqGS - NasdaqGS Real Time Price. Currency in USD
1,232.65
+2.77 (+0.23%)
At close: 4:00PM EDT

1,232.65 0.00 (0.00%)
After hours: 5:46PM EDT

Stock chart is not supported by your current browser
Previous Close1,229.88
Open1,230.24
Bid1,230.01 x 2200
Ask1,233.89 x 1000
Day's Range1,216.47 - 1,236.24
52 Week Range977.66 - 1,296.97
Volume678,829
Avg. Volume1,457,834
Market Cap854.463B
Beta (3Y Monthly)0.96
PE Ratio (TTM)24.88
EPS (TTM)49.53
Earnings DateOct 23, 2019 - Oct 28, 2019
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target Est1,407.05
Trade prices are not sourced from all markets
  • These are highest paying companies, according to Glassdoor
    Yahoo Finance

    These are highest paying companies, according to Glassdoor

    Glassdoor, an online job and recruiting site, has revealed the highest paying companies in 2019

  • Huawei promises smartest 5G phone, but who will be brave enough to buy?
    Reuters

    Huawei promises smartest 5G phone, but who will be brave enough to buy?

    Huawei [HWT.UL] launches what could be the world's most powerful and feature-packed 5G smartphone on Thursday, but the fate of the device in Europe will hang on whether it can overcome a U.S. ban to give customers the Google software they expect. The Chinese telecoms giant will showcase its Mate 30 range in Munich, Germany, in its first unveiling of an all-new phone since President Donald Trump hit the Shenzhen-based company with an export ban in May. Holding the launch in Europe underlines the importance of the region's 500 million consumers to Huawei.

  • Alphabet (GOOGL) Outpaces Stock Market Gains: What You Should Know
    Zacks

    Alphabet (GOOGL) Outpaces Stock Market Gains: What You Should Know

    Alphabet (GOOGL) closed the most recent trading day at $1,232.65, moving +0.23% from the previous trading session.

  • Bloomberg

    Facebook CEO Mark Zuckerberg Visits Washington Amid Scrutiny

    (Bloomberg) -- Facebook Inc. Chief Executive Officer Mark Zuckerberg is visiting Washington as the company confronts growing scrutiny over its privacy and marketplace practices.Zuckerberg will “meet with policymakers and talk about future internet regulation,” Facebook spokesman Andy Stone said in a statement.The CEO is scheduled to meet with Senator Maria Cantwell, according to a person familiar with the plans. Cantwell serves as the top Democrat on the Senate Commerce Committee that regulates several tech issues and is weighing privacy legislation. He is not scheduled to meet with House Speaker Nancy Pelosi, according to a person familiar with the matter. Democrats castigated the company earlier this year after it failed to remove a doctored video of Pelosi. Pelosi snubbed at least two meetings with him, Bloomberg has reported.Zuckerberg’s Washington visit comes as Facebook is battling criticism from lawmakers over its handling of users’ personal information, the proliferation of violent content and election interference by foreign actors. The company is also facing antitrust investigations of its business practices from federal, congressional and state authorities.On Wednesday, lawmakers from the Senate Commerce Committee grilled executives from Facebook, Twitter Inc. and Alphabet Inc.’s Google over spreading extremism and violence on digital platforms.Separately, the Federal Trade Commission has opened an antitrust probe of the company, and New York is leading a coalition of states in a wide-ranging investigation of the social media giant. In July, Facebook agreed to pay $5 billion to settle FTC allegations it violated users’ privacy.The House Judiciary antitrust subcommittee is also investigating competition issues in the technology industry. Last week, the panel sent a letter to Facebook seeking information about its acquisitions as well as communications from Zuckerberg, Chief Operating Officer Sheryl Sandberg, former general counsel Colin Stretch and policy chief Kevin Martin.The company is trying to win over lawmakers threatening to stymie its launch of a new digital currency called Libra that its executives say can lower costs and expand access to the banking system in third-world countries. The project faced bipartisan scorn during Congressional hearings in July, even leading to legislative proposals that would kill it.\--With assistance from Billy House, Joe Light and Ben Brody.To contact the reporters on this story: Naomi Nix in Washington at nnix1@bloomberg.net;Rebecca Kern in Arlington at rkern21@bloomberg.netTo contact the editors responsible for this story: Sara Forden at sforden@bloomberg.net, David McLaughlinFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • MarketWatch

    Mark Zuckerberg to meet with lawmakers in D.C. on Thursday

    Facebook Inc. Chief Executive Mark Zuckerberg is going to Washington on Thursday -- his first visit to Capitol Hill since he testified before Congress last year. "Mark will be in Washington, D.C., to meet with policymakers and talk about future internet regulation. There are no public events planned," Facebook spokesman Andy Stone told MarketWatch. The visit, first reported by Axios, comes a week after the House Judiciary Committee asked the CEOs of Facebook , Alphabet Inc.'s Google , Amazon.com Inc. , and Apple Inc. to fork over email and other documents as part of an ongoing federal government investigation into their business practices and considerable marketing sway.

  • Swedish climate activist Greta Thunberg urges U.S. lawmakers to listen to scientists and ‘take real action'
    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.”

  • Hearing on online extremism amid ‘gun-violence crisis’ shows Congress’s ‘absurdity,’ says Democratic senator
    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.

  • Google Roundup: Regulatory Matters, Waymo, GM Deal, Employees
    Zacks

    Google Roundup: Regulatory Matters, Waymo, GM Deal, Employees

    Google is up against a lot of scrutiny from U.S. regulators, which overshadows its legal win in Germany, self-driving prowess and strategic wins at traditional automakers.

  • Bloomberg

    Apple Fights ‘Phantom’ Units Claim in $14 Billion EU Court Clash

    (Bloomberg) -- Apple Inc. and Ireland’s court room clash with the European Commission finally lived up to its billing as the world’s biggest tax case.A two-day hearing into their appeal of the EU’s record 13 billion-euro ($14.4 billion) tax bill heated up on Wednesday as Apple rebutted claims that Irish units at the center of its fight are just “phantoms” and Ireland hit back at regulators for saying the country would willingly forgo one-fifth of its corporate tax takings.Ireland is the victim of "wholly unjustified criticism of its tax system and its approach" from the EU in "the biggest state aid case ever," said Paul Gallagher, the government’s lawyer, in closing arguments of an EU General Court hearing in Luxembourg.EU officials "have not produced to this court a single example of Apple being preferred to anyone else" and Irish tax law didn’t require Apple to pay any more.Apple and Ireland are battling the European Commission’s 2016 order that ruled illegal a tax deal that saw the company channel sales through two Irish units. The iPhone maker is the biggest target of EU Competition Commissioner Margrethe Vestager’s crusade against corporate tax deals that allow big firms to reduce their fiscal burden.Irish BranchesThe five-judge panel homed in on the exact functioning of the Irish branches that allowed Apple revenues to be covered by a national tax deal labeled as illegal by regulators.The EU asserts the units received selective tax treatment that allowed Apple to allocate all sales profits to two companies that “existed only on paper.” Apple attempted to show that each business wasn’t a ghost while saying strategic decisions over products and sales were made elsewhere and profits should also be taxed elsewhere.“This wasn’t some kind of shell company, this was a company doing things in the U.S.,” Apple’s lawyer Daniel Beard responded, citing one of the firms. He said that no critical decisions on intellectual property were made in Ireland.Marc van der Woude, a Dutch judge and the court’s vice-president, had quizzed the EU’s lawyer late Tuesday on what evidence the European Commission had to show whether the Apple units determined strategy or drew up business plans.The business "looks like a phantom company,” he said at one point. Other judges dug into details of how the branches were run and how the Irish government determined that the revenue should be taxed there.The EU’s lawyer Richard Lyal sought to dismiss Apple’s arguments that the revenue at stake should have been taxed in the U.S. where its products are developed."Apple should not now pretend" that its Irish units "make all that money but that only a tiny proportion of it should be attributed to Ireland," he told the court. "All arguments as to tax being paid in the U.S. are completely irrelevant."Amazon, AlphabetA court ruling, likely to take months, could empower or halt Vestager’s tax probes into complicated corporate structures used by many American technology firms. The EU has also scrutinized fiscal deals done by Amazon.com Inc. and Alphabet Inc. and may draft new rules to net digital companies’ revenue.The first hints of how the Apple case may turn out will come from a pair of rulings scheduled for Sept. 24.The General Court will rule on whether the EU was right to demand unpaid taxes from Starbucks Corp. and a Fiat Chrysler Automobiles NV unit. Those judgments could set an important precedent on how far the EU can question tax decisions national governments make on how companies should be treated.To contact the reporters on this story: Aoife White in Luxembourg at awhite62@bloomberg.net;Stephanie Bodoni in Luxembourg at sbodoni@bloomberg.netTo contact the editors responsible for this story: Anthony Aarons at aaarons@bloomberg.net, Peter Chapman, Molly SchuetzFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Greta Thunberg-inspired climate strike for Friday expected to be biggest yet — and New York kids can cut class
    MarketWatch

    Greta Thunberg-inspired climate strike for Friday expected to be biggest yet — and New York kids can cut class

    Evidence of the increasing effects of climate change is building, as are the investing opportunities and changes in consumer habits linked to environmental concerns and resource use. Here are select dispatches about the companies responding to customer demands and climate risk, the ESG investors and their advisers, and the policy-makers, enterprising individuals and scientists preparing for tomorrow. This Friday, Sept. 20, young people and their supporters in major cities will walk out of schools and offices to demand immediate, more-aggressive action on climate change.

  • Bloomberg

    Endeavor IPO Poised to Hand Hollywood Executives $1.5 Billion

    (Bloomberg) -- Ari Emanuel and Patrick Whitesell built their careers negotiating contracts for some of the world’s top celebrities. They’re about to ink one of their biggest deals yet -- this time for themselves.The duo and other senior executives have a combined interest in Endeavor Group Holdings Inc. that will be worth at least $1.5 billion if the company lists at the midpoint of its estimated price range. Emanuel and Whitesell are also in line to collect millions in salary and bonuses for years to come.An initial public offering would make Endeavor the biggest publicly traded Hollywood agency, cementing its rise from a four-person talent-management firm to a media giant. The Beverly Hills-based company, with $3.6 billion of revenue last year, runs sports leagues, hosts fashion events and represents clients including YouTube stars and pro athletes. Endeavor posted a $317 million profit for 2018 after four straight years of losses.The IPO could raise as much as $619 million and value the firm at about $7.6 billion, according to details disclosed Monday in a regulatory filing. The two agents and private equity firm Silver Lake Partners LP, which became an investor in 2012, will control the firm through a special class of shares.Read more: Endeavor debt means IPO not for ‘Faint of Heart’Emanuel, 58, founded Endeavor in 1995 with three colleagues from International Creative Management, one of Hollywood’s largest talent shops. Whitesell, 54, joined five years later. They have struck more than 20 deals in the past decade, including merging with the century-old William Morris Agency in 2009 and acquiring Ultimate Fighting Championship, the world’s biggest mixed martial arts promoter, for $4 billion in 2016, with backing from Silver Lake, KKR & Co. and Michael Dell’s investment firm.Representing talent such as tennis star Maria Sharapova and celebrity chef Bobby Flay now accounts for less than half of Endeavor’s revenue.“We saw an opportunity to use disruption to our benefit and build a company and a platform for where the world was headed,” Emanuel, who was the inspiration for foul-mouthed and mercurial agent Ari Gold on HBO’s “Entourage,” wrote in the registration statement for the IPO.Endeavor returned $400 million from Saudi Arabia’s investment fund after the government was linked with the killing of journalist Jamal Khashoggi.Emanuel and Whitesell’s combined stake is composed of multi-pronged equity interests that are convertible into Class A shares. Most of it is parked in several holding companies that they control. Endeavor didn’t provide details about other executives’ stakes that are also held within those entities.Death BenefitWhitesell and Emanuel each will receive an annual salary of $4 million -- among the highest for chief executive officers at companies in the Russell 3000 Index -- and a life insurance policy with a $4 million death benefit.Whitesell, the executive chairman, is also set to receive annual bonuses with a guaranteed payout of $2 million. Emanuel, the CEO, has a $6 million performance-based target bonus.Emanuel, the brother of former Chicago Mayor Rahm Emanuel, has strong incentives to grow the market value of both Endeavor and its UFC subsidiary. He’s eligible to receive as much as $28 million of stock when Endeavor’s valuation tops $7.53 billion. For the next decade, he’ll get additional payouts of equity, each worth as much as $14 million, if the market value of Endeavor or UFC exceeds certain thresholds.Two years ago, Endeavor repurchased $330 million of equity units from Emanuel and Whitesell.\--With assistance from Sophie Alexander.To contact the reporters on this story: Anders Melin in New York at amelin3@bloomberg.net;Tom Maloney in New York at tmaloney38@bloomberg.netTo contact the editors responsible for this story: Pierre Paulden at ppaulden@bloomberg.net, ;Nick Turner at nturner7@bloomberg.net, Peter EichenbaumFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • When Companies Improve Their Diversity, Stock Prices Jump
    Bloomberg

    When Companies Improve Their Diversity, Stock Prices Jump

    (Bloomberg) -- In 2014, the big U.S. tech companies did something surprising: They told the world how few women they employed. Men comprised 70% of Google’s workforce; Facebook, Apple, and Twitter looked similar. The mix was even more lopsided in more senior leadership and technical roles.Most of the business world has come to believe that workforce diversity is good for the bottom line, and tech companies hoped their new transparency would lead to more equality. It didn’t. But new research suggests that investors were paying attention.In a study released today by the Stanford Graduate School of Business, a group of researchers found that share prices jumped when companies reported better-than-expected gender diversity; they fell when firms announced demographics that underwhelmed.The same pattern held when the academics turned their attention to finance companies. A lab experiment demonstrated the same trends, and participants reported a handful of beliefs that explained why they were more likely to invest in companies with more gender diversity.Google was the first to release its figures, and after accounting for other factors, the researchers calculated that the company’s stock fell 0.39 percentage points on the news. They projected that if Google had reported that women made up 31% of its workforce, instead of 30%, it could’ve added $375 million in market value. “This is a huge response,” said Margaret A. Neale, a distinguished professor at Stanford who worked on the study. The group of researchers also included academics from the Tuck School of Business at Dartmouth College, Northwestern University and the Hong Kong University of Science and Technology.They also used Google as a benchmark to see how the market reacted when firms reported more or less diversity compared with an industry leader. The stock price was “affected strongly” by how companies looked compared to Google, they found. A tech firm whose workforce was 1 percentage point more diverse than Google’s saw shares gain, on average, 1.91% in the short term.After the first year companies released diversity reports, the stocks didn’t react much at all, which Neale attributed to the fact that the demographics hadn’t changed much. “Their bad news has already been priced into the stock,” Neale said.Next, the researchers turned their attention to the banks and financial firms. The researchers used data 50 financial institutions shared with the Financial Times in 2017. The big banks looked more equal than the tech companies: Women made up 54.4% of employees at JPMorgan Chase, according to the report; Bank of America was split about equally. Companies without a retail presence, like Morgan Stanley, are more lopsided.The researchers found companies with greater gender diversity saw shares rise relative to companies that reported having fewer women, the same trend they saw in the tech industry.The initial findings didn’t explain why investors reacted positively to companies with more gender balance, so the researchers devised a third lab study to try to parse the reasons. In it, they simulated the diversity report experiment, giving a dollar to participants to invest in companies based on their diversity announcements. As they’d observed in finance and tech, participants were more willing to invest in companies with more gender equality.When they measured participants’ existing ideas about diversity, they found investors’ interest in companies with more gender equality was based in beliefs that those companies are more likely to innovate, less likely to attract negative regulatory attention and less likely to settle lawsuits, among other beliefs.Considering the market benefits, the researchers conclude that organizations are systematically under-investing in gender diversity. Despite public commitments, these figures haven’t budged since companies started publicly reporting. This year, Google said women made up 31.6% of its company, up just 1.6% from five years ago.“People are not confused. They know the population of women is greater than 30%,” Neale said. “If Google moved up to 40%, there would be champagne toasts.”To contact the reporter on this story: Rebecca Greenfield in New York at rgreenfield@bloomberg.netTo contact the editor responsible for this story: Janet Paskin at jpaskin@bloomberg.netFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Trimble (TRMB) Expands 3D Scanning Portfolio With Trimble X7
    Zacks

    Trimble (TRMB) Expands 3D Scanning Portfolio With Trimble X7

    Trimble (TRMB) introduces 3D laser scanning system, which is expected to bolster its presence in the global 3D scanning space.

  • Bloomberg

    Facebook Contractors Have Been Listening to ‘Hey Portal’

    (Bloomberg) -- Facebook Inc., which last month said it stopped using humans to review and transcribe users’ voice messages, will resume that practice for some audio collected from its Portal video-calling device.Facebook “paused human review of audio” around August. Bloomberg reported at the time the company hired contractors to transcribe private voice messages sent via its Messenger app. In that case, users had not been alerted to the possibility that their communications might be subject to human review. It was also unclear at the time that some of the clips Facebook had been collecting were coming from Portal.Facebook confirmed Wednesday that it was indeed collecting audio from Portal users who make a request from the device using the command “Hey Portal.” By default, those commands were recorded and stored on Facebook servers, and some of them were transcribed by contractors working with the company to improve the software algorithms used to understand the commands, according to Andrew Bosworth, Facebook’s head of hardware. That practice was paused last month at the same time Messenger stopped using humans to transcribe messages.Facebook Paid Contractors to Transcribe Users’ Audio Chats“We paused human review of the ‘Hey Portal’ voice interactions last month while we worked on a plan that gave people more transparency and control, including a way to turn it off,” Bosworth said in a statement.Portal is now reinstating human audio transcriptions but will offer consumers an option to turn off that service in a new version of its Portal software, which will be distributed to existing devices and its updated Portal lineup shipping in October.The Messenger transcriptions are separate, Bosworth added, and that program is still on pause.“The reason they’re separate isn’t because the back-end systems are separate, it’s because the data is coming in from a different place,” he told Bloomberg in an interview Tuesday. “And therefore you have a different kind of user expectation.”Facebook shares were little changed at $187.49 at 10:34 a.m. in New York.Apple Suspends Listening to Siri Queries Amid Privacy OutcryThe controversial practice of transcribing user audio clips has gotten a lot of attention in recent months because of privacy concerns. Apple Inc. and Google have both suspended similar human transcription programs, and Bloomberg first reported in April that Amazon.com Inc. was transcribing some commands from its Alexa voice assistant without people’s knowledge. Amazon now lets users opt out of that human review.Facebook decided to reinstate this practice because it’s important for training the company’s software programs to accurately understand requests, Bosworth says. He’s also aware that the idea of having humans review user audio is unsettling to many people.“The consumer reaction the last several months to these practices, not just at Facebook but other companies, gave us insight into the fact that this was something people weren’t entirely comfortable with or weren’t sure about,” he said when explaining the new privacy setting.Facebook will still collect and transcribe “Hey Portal” commands if users don’t change the default settings. Portal’s data usage policy states that the company does collect “voice queries and commands” after a user wakes the device with “Hey Portal.” The policy does not say that those audio clips may be reviewed by third-party contractors.Facebook Quizzed by Watchdog for Listening to Users’ ChatsThe importance of audio transcriptions and recordings has increased alongside the rise of digital assistants like Amazon’s Alexa and Google’s Assistant. Tech companies improve the accuracy of their software by transcribing millions of clips, which help the machines learn language and speech patterns. The practice has, however, served up a new privacy trade-off: users want the help of smart assistants but not the threat that strangers might be listening to their private conversations or messages.Facebook does not yet have an advanced standalone audio assistant to compete with the other tech giants, though its Portal device can carry out some basic commands after users wake it by saying “Hey Portal.” For more complicated requests, Portal also comes equipped with Amazon’s Alexa software.Bosworth says that while Facebook is working to improve and further develop its “Hey Portal” software, it doesn’t have any plans to completely replace Alexa on Portal devices with its own proprietary software, and Alexa is indeed present on Facebook’s newly announced set of devices.The new Facebook Portal and Portal Mini will open Facebook’s distribution of the video-calling platform beyond the U.S. and into Europe, where higher privacy standards have already saddled the social media giant with increased regulator scrutiny.(Updates with Facebook shares. An earlier version of this story corrected the spelling of executive’s name in sixth paragraph.)\--With assistance from Sarah Frier.To contact the reporters on this story: Kurt Wagner in San Francisco at kwagner71@bloomberg.net;Mark Gurman in San Francisco at mgurman1@bloomberg.netTo contact the editors responsible for this story: Jillian Ward at jward56@bloomberg.net, Vlad Savov, Edwin ChanFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Adobe (ADBE) Earnings and Revenues Beat Estimates in Q3
    Zacks

    Adobe (ADBE) Earnings and Revenues Beat Estimates in Q3

    Adobe's (ADBE) fiscal third-quarter results benefit from increasing subscription adoption and solid momentum across Creative Cloud, Document Cloud and Experience Cloud.

  • WeWork London Building Deals Falter Amid IPO Market Fallout
    Bloomberg

    WeWork London Building Deals Falter Amid IPO Market Fallout

    (Bloomberg) -- Deals for two major London buildings leased mostly to WeWork are on the ropes.Saudi Arabia-based Sidra Capital has pulled out of a 90 million-pound ($112 million) deal as the flexible-office giant’s planned initial public offering got an increasingly rocky reception from investors, according to people familiar with the matter, who asked not to be identified discussing private negotiations.Separately, talks have stalled on the sale of WeWork Waterloo, which the company describes as the largest co-working facility in the world, according to other people with knowledge of the negotiations. Singapore-based Bright Ruby Resources Pte Ltd. had agreed last month to buy it and an adjoining property leased to Royal Dutch Shell Plc for about 850 million pounds. It’s not clear what impact WeWork’s roller-coaster IPO has had on Bright Ruby’s appetite for the deal, the people said.We Co., which owns WeWork, pushed back its IPO this week to buy time to overcome concerns about its governance, slashed valuation and business prospects. The decision sent the company’s bonds plunging and added a sour note to a medley of high-profile, but frequently disappointing, IPOs this year. Shortly after the announcement, WeWork made a small round of job cuts in a New York City unit.Read more: WeWork’s Breakneck Growth Hits Resistance as Banks Get Cold FeetThe delay also comes at a critical time for major backer SoftBank Group Corp., which is trying to raise money for a successor to its Vision Fund. SoftBank’s biggest investors, including Saudi Arabia’s Public Investment Fund, are reconsidering how much to commit to the new vehicle as the Japanese conglomerate’s bet on WeWork sours.WeWork has lease obligations of $47 billion and continues to burn cash to fund its rapid expansion, putting pressure on the company to raise new capital. But the company’s model of signing long leases, then renting out short-term space to members, as well as its complex relationship with co-founder Adam Neumann, have polarized investors assessing the planned offering.Skate RampWeWork Waterloo, originally known as Two Southbank Place, is fully leased to WeWork and boasts a skate ramp, retro arcade games and a library in its cavernous lobby. Negotiations on a sale, which were first reported by React News in August, are ongoing and there’s no certainty about their outcome, one of the people said.Representatives of Almacantar SA, the developer selling the buildings in London’s Waterloo district, and WeWork declined to comment. A representative for Bright Ruby wasn’t immediately able to comment.Sidra Capital was in talks to buy 70 Wilson Street near London’s financial district from a venture led by Columbia Threadneedle Investments, the people said.Representatives of Sidra Capital, Columbia Threadneedle and WeWork declined to comment.(Adds background in fourth paragraph.)\--With assistance from Lucca de Paoli and Alfred Cang.To contact the reporter on this story: Jack Sidders in London at jsidders@bloomberg.netTo contact the editors responsible for this story: Shelley Robinson at ssmith118@bloomberg.net, Patrick HenryFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Zscaler (ZS) in Focus: Stock Moves 6.3% Higher
    Zacks

    Zscaler (ZS) in Focus: Stock Moves 6.3% Higher

    Zscaler (ZS) saw a big move last session, as its shares jumped more than 6% on the day, amid huge volumes.

  • 3 Reasons Growth Investors Will Love Alphabet (GOOGL)
    Zacks

    3 Reasons Growth Investors Will Love Alphabet (GOOGL)

    Alphabet (GOOGL) could produce exceptional returns because of its solid growth attributes.

  • Big Tech Breakup: Bill Gates Sides with Facebook
    Market Realist

    Big Tech Breakup: Bill Gates Sides with Facebook

    Bill Gates shares Facebook’s view that there is no need for breaking up America’s big tech companies as some politicians have proposed.

  • Could Facebook’s Video Streaming Device Upset Roku?
    Market Realist

    Could Facebook’s Video Streaming Device Upset Roku?

    Facebook is preparing to challenge Roku in the video streaming device market as the social media giant looks to a future beyond advertising.

  • Does Jack Ma’s Exit Make Alibaba Stock a Sell?
    InvestorPlace

    Does Jack Ma’s Exit Make Alibaba Stock a Sell?

    Jack Ma phasing out of the Alibaba (NYSE:BABA) lineup wasn't a shocking revelation that took Wall Street by surprise. The initial announcement certainly made headlines last year, causing some concern about what it might mean for the future of Alibaba stock.Source: Colin Hui / Shutterstock.com But largely, investors have embraced the fact that Ma would slowly exit the company he started twenty years ago, growing it from a tiny unknown entity to a global powerhouse worth more than $450 billion.Last week Ma stepped down from the executive chairman role. The move was announced roughly a year ago, so investors have had time to grow acclimated with it. In short, BABA stock is not a sell simply because Ma is stepping down.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 7 Momentum Stocks to Buy On the Dip While we would love to have him along for the ride as executive chairman, he is stepping aside with the company in good hands. Let's see what else Alibaba Group has going for it. Alibaba's Business Is StrongAlibaba didn't just build an e-commerce platform benefiting from a rise in online sales. Granted, it does have a very strong online presence, but it's more than that. E-commerce is a secular trend as more retail sales continue to shift online. The fact that the Chinese middle class continues to boom is a huge tailwind for a company like Alibaba.As this shift continues, Alibaba benefits, as does its Taobao unit (an online shopping platform). All one needs to see is Alibaba's Singles Day sales total to know of its dominance. It registered sales of more $30.8 billion in last November's event, crushing the previous year's record of $25.3 billion. Where do you think Amazon (NASDAQ:AMZN) got the idea for Prime Day?Then there's Ant Financial, which has become China's largest fintech platform, that was started five years ago next month. Alibaba's Ant Financial has an estimated value of $150 billion.Finally, Alibaba's cloud business is now 10 years old, but the company is still very optimistic on its future. The unit is its fastest-growing revenue segment and second-largest revenue source at the moment. This should come as little surprise, given the emphasis mega-cap tech stocks have put on the cloud here in the U.S. BABA Stock GrowthHere's the thing with Alibaba stock: BABA stock has been weighed down thanks to the recent trade war developments. This has kept a lid on the stock, allowing the valuation to fall while the company continues to rack up growth.Estimates call for 32% revenue growth to $72.2 billion this year and another 29% growth next year to $93 billion. It won't be long before Alibaba stock is churning out $100+ billion in annual sales.On the earnings front, analysts expect 23.3% growth this year to $6.88 per share. Next year, estimates call for an acceleration to 26% earnings growth, to $8.67 per share.Currently Alibaba stock trades at just under 26 times this year's earnings. Some may scoff and say that's too much. But compared to its U.S. counterparts, it looks cheap.BABA stock valuation is about in-line with with Alphabet (NASDAQ:GOOGL, NASDAQ:GOOG) and Microsoft (NASDAQ:MSFT). However, it has roughly double the expected earnings growth this year and next year, nearly double the expected revenue growth of GOOGL and nearly triple the forecasted revenue growth of MSFT.Against Amazon, Alibaba stock is much cheaper, yet has better growth as well. Take that for what it's worth. Trading Alibaba Stock Click to EnlargeFinally, the charts are setting up favorably for Alibaba stock.After hitting a low of $151.85 in early August, shares have been chugging higher since. A series of higher lows has led to an uptrend support mark (blue line), while BABA has pushed through all of its major moving averages.Now bumping up against $180 resistance, Alibaba stock has a very clear ascending triangle setup. That is, when rising support continues to push a stock price into a static level of resistance.Traders will be looking for a breakout over $180 and a possible run to $190+ should the breakout stick. If support fails, I want to see support between $168 and $171 hold strong. That's where BABA stock will find its 50-day and 200-day moving averages, as well as the 38.2% retracement.Remember, while the setup looks promising, Alibaba stock is extra susceptible to a trade-related headline dealing a hearty blow to the charts.Bret Kenwell is the manager and author of Future Blue Chips and is on Twitter @BretKenwell. As of this writing, Bret Kenwell is long AMZN and GOOGL. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Momentum Stocks to Buy On the Dip * 7 Dow Titans Breaking Higher * 5 Growth Stocks to Sell as Rates Move Higher The post Does Jack Ma's Exit Make Alibaba Stock a Sell? appeared first on InvestorPlace.

  • Financial Times

    Huawei proffers $1.5bn in bid to lure software developers

    Huawei’s search for more developers is made urgent by the fact that its new series of smartphones, to be launched later this week, will not have licensed access to Google’s apps. As part of its outreach Huawei has also offered to sell its 5G technology to foreign companies — a move that rotating chief executive Ken Hu on Wednesday said was meant to “lessen people’s security concerns”. The US government views Huawei as a potential spy on behalf of the Chinese government, an allegation the company denies.

  • Bloomberg

    Amazon’s Alexa Masters Hindi and Hinglish in Time for Diwali

    (Bloomberg) -- Amazon.com Inc.’s Alexa has mastered Hindi in just a few years.The voice assistant introduced to India in 2017 gets a major local makeover for one of the largest retail markets. From Wednesday, Amazon launches a version that now speaks Hindi and Hinglish -- a unique blend with English. It can also switch automatically between all three. The new, improved Alexa and Echo speakers hit the market in time for the Diwali shopping season.The voice assistant lets customers to ask for music, get Bollywood news, cricket updates and more in Hindi and Hinglish on its Echo and other voice-controlled smart speakers. It will respond in an unmistakably Indian accent to Hinglish questions such as “Alexa, Bollywood ke hottest gane sunao” and “Volume badhao” (to ask for the latest Bollywood hits and increase the volume, respectively). “Alexa, latest cricket score batao” yields the latest scores.Technology giants from Apple Inc. to Google are targeting this nation of 1.3 billion people by training virtual assistants in the heterogeneity of its languages and subcultures. Alphabet Inc. too has introduced a Hinglish-speaking Google Assistant, while Apple has hired native speakers to evolve and enrich Siri. In Amazon’s case, Alexa may prove key in a battle against Walmart Inc. in one of the world’s fastest-growing e-commerce arenas, a battle the Seattle online retailer has staked at least $5.5 billion on.Until now, Amazon’s virtual assistant had a limited vocabulary of names, places and popular songs in Hindi and a few others of the country’s roughly one dozen official languages.Read more: Amazon Teaches Alexa to Speak Hinglish. Apple’s Siri Is NextUnderstanding Hindi and Hinglish is critical for companies targeting first-time internet users in the countryside, who are coming online rapidly thanks to cheap devices and cut-rate wireless data. The Hindi internet user base will outgrow India’s English internet users by 2021, according to consultancy KPMG. But even Hindi has dozens of dialects and regional variations.“Hindi changes every 100 kilometers or so,” Rohit Prasad, Amazon’s head scientist of Alexa AI, said in an interview. Alexa can handle varied regional accents and dialects. “Alexa has an Indian personality.”Prasad, 43, grew up in Ranchi in India’s Hindi-speaking heartland, hailing from a family of engineers. Computers were still new then and as a teenager, he abandoned cricket games to run home and catch Star Trek episodes on the government-run TV channel. “It was in the realm of science-fiction then but I was endlessly fascinated by computers and humans communicating with each other.”He studied engineering in the same city before heading to the Illinois Institute of Technology, later working in speech recognition at Raytheon before joining Amazon in 2013. “Having grown up in diverse India, it was indelibly etched in my brain that Alexa has to work for everyone, and not just English speakers,” said Prasad, clad in a casual shirt and jeans and seated in a hotel conference room in New Delhi. “It’s a daunting task.”For instance, the virtual assistant was trained to differentiate between the oft-used Hindi word “achcha” or “okay,” which can sound close to its wake word. In many households, a single conversation can have Hindi and English words liberally interspersed. Alexa will be able to respond in either language without the user having to change settings. The AI will keep learning and improving with time, he said. Alexa in Hindi will also be available on Bose smart speakers, and soon in brands like Motorola and Sony.“It took me 20 years to get here,” Prasad said. “There’s a big deep learning wave right now and if I think of something new in conversational AI, I know I have a fighting chance of getting it right.”To contact the reporter on this story: Saritha Rai in Bangalore at srai33@bloomberg.netTo contact the editors responsible for this story: Edwin Chan at echan273@bloomberg.net, Colum MurphyFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

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