With investor skepticism weighing on sentiment, contrasted by the opportunities in Waymo and Google Cloud, the disconnect between perception and performance has created a rare window of opportunity for long-term investors in Alphabet.
The major indices closed with nice gains on Wednesday, but well off the highs achieved earlier in the session. It shouldn't be hard to tell what sector led – technology. But the bigger technical picture remains troubling.
Google made an investment in SpaceX (Elon’s single biggest asset personally), and it has created a meaningful portion of their most recent profits. However, this has barely made a dent to the damage seen over the past few months.
Alphabet shares had spiked as much as +4% in today’s trading session, with the tech conglomerate blowing away its Q1 earnings expectations after-market hours on Thursday.
The DOJ says Google’s dominance doesn’t just come from building better products. It’s because the company makes sure its competitors never get a chance to compete.
Stay informed about the most active S&P500 stocks in today's session as we take a closer look at what's happening on the US markets on Friday. Discover the stocks that are generating the highest trading volume and driving market activity.
Last month, Google announced plans to acquire Israeli cloud cybersecurity firm Wiz for an estimated $32 billion – making this its biggest acquisition ever.
Wall Street's three-day rally came to a pause on Friday, with major indices hovering near the flatline by midday in New York as caution returned amid mixed signals on U.S.-China trade relations.
