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10 Stocks to Be Thankful for This Thanksgiving
Apple, Amazon.com, Microsoft, and a number of other tech stocks were the biggest drivers of the S&P 500’s gains so far this year.
Barrons.com · 3h ago
The S&P 500 Could Jump 20% Next Year. Three Strategists Explain Why.
The stock market could continue roaring in the next year because of a powerful combination of Covid-19 vaccines and low interest rates.
Barrons.com · 4h ago
Forget the Bargain Basement. Bet on the Next Big Thing
(Bloomberg Opinion) -- Hopes that vaccines will soon replace economic lockdowns as our best defense against the coronavirus have stirred speculation that value stocks will regain favor among investors. A guy who until recently oversaw $1.6 trillion has a strong argument that growth stocks will continue to be a better investment.Hiro Mizuno was chief investment officer of Japan’s Government Pension Investment Fund for five years until the end of March. Now a Tesla Inc. board member and special adviser to Japan’s Ministry of Economy, Trade and Industry, here’s what he tweeted at the weekend:Pitting the disruptive vision of entrepreneurs against the hopes of uncovering a real find amid the clutter of beaten down stocks provides a compelling way to frame the debate about whether growth stocks, classified as shares of companies with accelerating revenues, can keep outpacing value stocks, equities whose value is deemed not to reflect some measure of underlying worth.It seemed like the equation might be changing. Value stocks enjoyed a renaissance this month when vaccine euphoria prompted investors to rotate into shares trashed as the pandemic crimped the global economy. Their returns beat their growth counterparts by five percentage points in the first three weeks of November.That’s sparked talk of a global revival. On Tuesday, Bank of America Corp. strategist Savita Subramanian recommended U.S. financial and energy stocks as her top two “unapologetically cyclical and value-focused” sectors. Strategists at Barclays Plc, led by Emmanuel Cau, on Wednesday recommended investors in European shares should overweight value versus growth. And John Woods, Credit Suisse Group AG’s Asia Pacific CIO, said Asian value stocks will outperform in the next six months provided a vaccine becomes widely available.So could it finally be value stocks’ turn in the sun? Investment advisers who’ve called for a reversal of that trend have been proven wrong time and again.In the chart above, the biggest stocks in the Bloomberg Value Index include investment bank JPMorgan Chase & Co., telecoms operator AT&T Inc. and energy company Exxon Mobil Corp. The growth index is dominated by the FAANGS: Facebook Inc., Amazon.com Inc., Apple Inc., Netflix Inc. and Google’s parent, Alphabet Inc.The picture doesn’t change no matter the time period. So far this year, growth stocks have gained about 24%, while value stocks are down by 5%. In the past 12 months, growth is up by 28%, value down by 2.5%. Over three years, growth delivers 66% versus just 12% for value. And since early 2007, when the index histories begin, growth is up more than fourfold while value has a bit more than doubled in value.But hope for value stocks seems to spring eternal. A net 24% of investors overseeing $526 billion expect value to outperform growth the coming year, according to Bank of America’s November survey. That’s the most bullish call for value in the monthly poll since February 2019.Mizuno says that investment style fails to capture disruptors that sacrifice earnings early on to build a dominant market share. Jeff Bezos’s Amazon is probably the best example of that kind of company. “Growth investing for me is to bet on the ability of CEO and his/her staff to deliver more than people (including myself) can imagine,” Mizuno also tweeted.By contrast, trying to identify value stocks takes a cocky — and risky — self-assurance that the wisdom of the investing crowd has missed something fundamental about a company’s worth. If a share is cheap, it’s probably cheap for a reason.You could even stretch the argument to cover the recent enthusiasm for Bitcoin versus gold. As my colleague Lionel Laurent recently pointed out, the digital currency barely figures in buying and selling in the real world and yet its gains have rapidly outpaced the yellow metal this year.Gold has real-world applications that make it inherently valuable, but many investors still view it as nothing more than a pet rock, limiting the potential universe of buyers. To its fans, Bitcoin represents a transformative technology with the potential to dislodge fiat currencies as a means of payment. In effect, it’s a bet on the future of finance with a side wager that its momentum will continue apace — like a disruptive growth stock.The current enthusiasm for value stocks may well have further scope to run. But in the longer term, the trend that’s been your friend seems likely to persist. Even once the pandemic is over, backing entrepreneurs will prove more profitable than buying allegedly undervalued equities in the hope that mean reversion will rescue them from the bargain basement.This column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Mark Gilbert is a Bloomberg Opinion columnist covering asset management. He previously was the London bureau chief for Bloomberg News. He is also the author of "Complicit: How Greed and Collusion Made the Credit Crisis Unstoppable."For more articles like this, please visit us at bloomberg.com/opinionSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
Bloomberg · 9h ago
Big Oil And Big Tech Are Spending Billions On Renewable Energy
Big Oil and Big Tech are among the leading buyers of renewable energy certificates as investor pressure to go green continues mount
Oilprice.com · 17h ago
After market's November surge, there may be less of a chance for a big 'Santa rally'
The large gains in November may steal from December's rally, but stocks are still expected to end the year at higher levels.
CNBC.com · 18h ago
Amazon Cloud Outage Hits Customers Including Roku, Adobe
(Bloomberg) -- Amazon.com Inc.’s cloud-computing division suffered an outage on Wednesday that affected several customers, including Roku Inc. and Adobe Inc.Amazon Web Services’s status page noted that its Kinesis data streaming service was “currently impaired” in the company’s U.S. East 1 region. The outages were also making it harder to post updates to a closely watched status page, the company said.The failure affected the ability of customers to use roughly two dozen services, hitting streaming hardware maker Roku, software seller Adobe and digital photo service Flickr.“Kinesis has been experiencing increased error rates this morning in our US-East-1 Region that’s impacted some other AWS services,” a company spokeswoman said in an emailed statement. “We are working toward resolution.”AWS is the largest provider of rented computing power and software services, and its data centers serve as the invisible foundation of much of the internet. That gives failures in its services an immediate visibility that rivals like Microsoft Corp. and Alphabet Inc.’s Google sometimes don’t face.AWS is a collection of more than 175 software services, from data storage to a range of databases and machine-learning software. Customers often use more than one, linking them together in ways that can cause a failure in one system to cascade across multiple programs.The Seattle-based company operates those services from 24 regions, or clusters of data centers, geographic redundancy designed to station computing power close to customers while limiting the chance that a failure in any single region will result in permanent loss of data. U.S. East-1, which relies on data centers clustered in northern Virginia, is among AWS’s most important regions, analysts say.Kinesis Data Streams, the service at the root of Wednesday’s outage, captures and performs analytics on data, including social media feeds, dumps of public records and internal application usage logs, which can be then be fed into a variety of other software programs.Jaspreet Singh, chief executive officer of Druva Inc., a data backup and disaster recovery software maker that uses AWS services, said his engineers first noticed the outage early Wednesday morning when the flow of notifications from an AWS data monitoring service were disrupted.While the outage didn’t completely sever access to a critical AWS service, it seemed to touch more products than previous outages, Singh said.“Typically what tends to happen is one service goes down” for a half hour or so, he said. “This is a different kind of issue. It’s bigger. Things are failing internally.”(Updates with detail on AWS and quote from AWS customer, beginning in the sixth paragraph.)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
Bloomberg · 19h ago
Should investors stick with mega-cap tech stocks?
Jason Ware, Albion Financial Group, discusses whether investors should continue putting their money in big tech stocks.
CNBC.com · 19h ago
Why Maradona Was Better Than Messi and Ronaldo
Bloomberg · 19h ago
Salesforce acquisition of Slack could trigger M&A wave, analyst says
Salesforce.com Inc.'s undefined acquisition of Slack Technologies Inc. undefined would be a major challenge to Microsoft Corp. undefined, one analyst said...
MarketWatch · 21h ago
What will tomorrow's tech look like? Ask someone who can't see
When I was pronounced legally blind in 2009, I didn’t know one other person who called themselves blind – least of all “low vision” or “visually impaired.” What we might have once called “assistive” or “special needs” technology has gone mainstream – and the technology developed by and for people with disabilities is now used by you, your kids, your grandparents – regardless of whether you identify as having a disability or not. Sight tech – or more broadly, eyes-free tech – now touches every part of our lives and the devices that we depend on.
TechCrunch · 21h ago
Amazon Web Services service suffers amid widespread issues with online applications
Amazon.com Inc.'s undefined massive cloud-computing operation reported errors with a key data-streaming platform Wednesday morning, as online applications...
MarketWatch · 23h ago
Lookback: Tao Values 2019 Alphabet Inc (GOOG) Thesis
Insider Monkey · 1d ago
HP CEO: COVID-19 pandemic has reinforced our consumer business
Yahoo Finance catches up with HP CEO Enrique Lores moments after his third quarter earnings report.
Yahoo Finance · 1d ago
France defies U.S. and starts levying digital tax on tech giants. But will this change with a Biden presidency?
MarketWatch · 1d ago
What to watch today: Dow to fall slightly after closing above 30,000 for first time
Stock futures were relatively flat after record closes for the Dow and S&P 500.
CNBC.com · 1d ago
Hedge Funds Are Finally Beating the Market in 2020. Here Are Their Top Holdings.
The most-owned stocks by hedge funds have returned 32% from the start of 2020 through the end of last week. The S&P 500 is up roughly 12%.
Barrons.com · 1d ago
Amazon (AMZN) Cloud Clientele Improves as Zalando Picks AWS
Zacks · 1d ago
Equal-Weighted Indexes Are Winningand Thats a Good Sign for Stocks
A leadership change has taken hold in the market. After massive outperformance from big tech stocks for most of this year, value stocks have begun to outperform.
Barrons.com · 1d ago
YouTube suspends One America News for violating COVID-19 policy
YouTube ([[GOOG]], [[GOOGL]]) has been criticized for taking a more hands-off approach to election or coronavirus misinformation than Facebook and Twitter, though the platform just suspended One America News Network
Seekingalpha · 1d ago
Google Thinking Of 2023 With Its Gaming Service Stadia As War With Fellow Tech Giants Heats Up
Alphabet Inc (NASDAQ: GOOGL) (NASDAQ: GOOG) subsidiary Google’s Director of Games Jack Buser said that the tech giant has 400 games under development for its Stadia service, The Verge
Benzinga · 1d ago
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About GOOGL
Alphabet Inc. is a holding company. The Company's businesses include Google Inc. (Google) and its Internet products, such as Access, Calico, CapitalG, GV, Nest, Verily, Waymo and X. The Company's segments include Google and Other Bets. The Google segment includes its Internet products, such as Search, Ads, Commerce, Maps, YouTube, Google Cloud, Android, Chrome and Google Play, as well as its hardware initiatives. The Google segment is engaged in advertising, sales of digital content, applications and cloud offerings, and sales of hardware products. The Other Bets segment is engaged in the sales of Internet and television services through Google Fiber, sales of Nest products and services, and licensing and research and development (R&D) services through Verily. It offers Google Assistant, which allows users to type or talk with Google; Google Maps, which helps users navigate to a store, and Google Photos, which helps users store and organize all of their photos.
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