27-Mar-2024
Amazon makes additional $2.75B investment in Anthropic; total now at $4B
Seeking Alpha News (Wed, 27-Mar 1:38 PM ET)
Legal Experts Predict Apple’s (NASDAQ:AAPL) Victory Amid DOJ Lawsuit
TipRanks (Wed, 27-Mar 12:16 PM ET)
Google unveils Chrome browser for Arm-based Windows PCs
Seeking Alpha News (Tue, 26-Mar 12:23 PM ET)
AppLovin Stock (NASDAQ:APP): Growth Unsteady but PEG Attractive
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TipRanks (Tue, 26-Mar 11:45 AM ET)
Aptos (APT-USD) Collaborates with Google to Simplify Crypto Game Development
TipRanks (Tue, 26-Mar 11:35 AM ET)
GOOG Bullish Calendar Call Spread with 385% Upside
Market Chameleon (Tue, 26-Mar 11:15 AM ET)
Pinterest may be testing Google ad partnership in US, Piper Sandler finds
Seeking Alpha News (Tue, 26-Mar 8:54 AM ET)
Ron DeSantis signs bill banning social media for kids under 14 in Florida
Seeking Alpha News (Tue, 26-Mar 4:06 AM ET)
Micron leads chips higher as sector shakes off Intel, AMD worries
Seeking Alpha News (Mon, 25-Mar 11:39 AM ET)
Alphabet is a holding company. Internet media giant Google is a wholly owned subsidiary. Google services account for nearly 90% of Alphabet's revenue, of which more than 85% is from online ads. Other Google services revenue is from sales of apps and content on Google Play and YouTube, as well as sales of hardware such as Chromebooks, the Pixel smartphone, and smart home products, which include Nest and Google Home. Google's cloud computing offerings account for a bit more than 10% of total Alphabet revenue. Alphabet's moonshot investments are in its other bets segment, where it bets on technology to enhance health (Verily), provide faster internet access (Google Fiber), enable self-driving cars (Waymo), and more.
Alphabet - Class C Capital Stock trades on the NASDAQ stock market under the symbol GOOG.
As of March 27, 2024, GOOG stock price climbed to $151.94 with 15,491,734 million shares trading.
GOOG has a beta of 1.04, meaning it tends to be more sensitive to market movements. GOOG has a correlation of 0.17 to the broad based SPY ETF.
GOOG has a market cap of $1.89 trillion. This is considered a Mega Cap stock.
Last quarter Alphabet - Class C Capital Stock reported $86 billion in Revenue and $1.64 earnings per share. This beat revenue expectation by $1 billion and exceeded earnings estimates by $.05.
In the last 3 years, GOOG stock traded as high as $155.20 and as low as $83.45.
The top ETF exchange traded funds that GOOG belongs to (by Net Assets): RAYD, VTI, VOO, SPY, IVV.
GOOG has outperformed the market in the last year with a price return of +47.4% while the SPY ETF gained +33.6%. However, in the short term, GOOG had mixed performance relative to the market. It has underperformed in the last 3 months, returning +7.4% vs +10.1% return in SPY. But in the last 2 weeks, GOOG shares have fared better than the market returning +7.9% compared to SPY +1.7%.
GOOG support price is $149.37 and resistance is $154.03 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that GOOG stock will trade within this expected range on the day.