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Stock Market & Financial Investment News

News For GOOG From The Last 14 Days
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August 31, 2015
18:10 EDTGOOGGoogle brings self-driving car project to Texas
In a blog post regarding its self-driving car project, Google said, "We'll be bringing a few of our prototypes to [Austin, Texas] for testing. In the next few weeks, they'll be out navigating the same area north and northeast of downtown where our Lexus vehicles have been self-driving for the last couple of months." The company noted that the vehicles will continue to have test drivers aboard. Reference Link
13:29 EDTGOOGSunTrust sees catalysts coming for Twitter, ups to buy
Shares of Twitter (TWTR) have seen healthy gains in afternoon trading after being upgraded to Buy by longtime Twitter analyst Robert Peck ahead of what he identifies as numerous potential near-term catalysts. BUY: SunTrust's Robert Peck upgraded Twitter to Buy from Neutral in advance of what he called a "series" of positive near-term catalysts for the stock, including the Google (GOOG) partnership to feature Tweets in search results as well as Twitter's curated live events initiative known as "Project Lightning." Additionally, a fourth quarter ad campaign and a push to capitalize on the roughly 500M logged-out users could lift the microblog site given proper execution. Importantly, the analyst said the upgrade is predicated on a quick clarification regarding the current management situation at Twitter, with more information "likely" to come around Labor Day according to Peck. User metrics appear to have "at least stabilized," noted Peck, adding that monetization efforts like video ads and Buy buttons could yield a roughly 15% boost to 2017 revenue. CEO SHUFFLE: On August 14, Peck predicted that Twitter could announce a permanent CEO as soon as the week of August 17. At the time, Peck said he expected a leadership "triumvirate," with founder and interim CEO Jack Dorsey moving into a permanent Chief Executive role and Adam Bain becoming COO under a possible chairmanship role for Ev Williams. Though no leadership announcement was made that week, Peck clarified in a CNBC interview today that the company is likely doing significant due diligence rather than making a hasty CEO appointment. M&A POTENTIAL: In Monday's CNBC interview, Peck was pressed on whether Twitter could become an M&A candidate. The analyst mentioned Google as a potential buyer and commented that "if the products don't work, it's an M&A target," alluding to the numerous product catalysts mentioned in today's optimistic research note. Note that on August 5, Re/code quoted sources as saying the last truly meaningful merger conversation between the two companies took place about two years ago. PRICE ACTION: Shares of Twitter are up roughly 5% to $28.21 in intraday trading, adding almost $1.50 to Friday's $26.84 closing price.
13:01 EDTGOOGGoogle rolls out Android Wear for iOS
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09:09 EDTGOOGMP Associates to hold a conference
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09:07 EDTGOOGSanofi, Google Life Sciences to collaborate to improve diabetes health outcomes
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07:05 EDTGOOGTwitter upgraded to Buy from Neutral at SunTrust
SunTrust analyst Robert Peck upgraded Twitter (TWTR) to Buy from Neutral ahead of a "series" of catalysts that he says are coming and may move the stock higher. Among the new initiatives and partnerships that could increase users and engagement for 2016, Peck lists Twitter's deal with Google (GOOG), its Project Lightning initiative and its potential for more business development deals similar to Flipboard. With Twitter shares down about 50% since the end of Q1, Peck believes sentiment on the microblog operator's shares has "washed out," he tells investors in his research note. Peck keeps a $38 price target on shares of Twitter, which closed Friday at $26.84.
06:24 EDTGOOGCCI charges Google with abusing market dominance, Economic Times reports
The Competition Commission of India is charging Google (GOOG) with abusing its dominant market position by rigging search results, a claim corroborated by Flipkart, Facebook (FB), Nokia's (NOK) maps division, MakeMy-Trip.com (MMYT), and several other companies, the Economic Times reports. The case marks the first globally where an antitrust body is formally raising such charges against Google, the report says. CCI might impose a fine of up to 10% of Google's income, the report says. Reference Link
06:10 EDTGOOGBanks lobby EU over privacy rules overhaul, FT reports
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August 30, 2015
21:03 EDTGOOGGoogle adds home service professionals to search results, WSJ says
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19:52 EDTGOOGApple ad blocker poses challenge for publishers, Google, WSJ says
Apple's (AAPL) forthcoming iOS 9 mobile operating system will allow users to download ad blocking software, potentially posing a threat to digital publishers as well as Google's (GOOG) massive advertising business, reports the Wall Street Journal. "Apple is going to create a massive consumer appetite for blocking ads," anti-ad blocking firm PageFair's CEO Sean Blanchfield told the publication. Reference Link
14:47 EDTGOOGGoogle shares could see 20% upside, Barron's says
Shares of Google still have 20% upside as the company's financials improve and YouTube continues to grow, Barron's contends in its 'Follow Up' column. Google's recent financial results have shown an uptick in revenue growth as well as reduced growth in both costs and head count, Barron's says, adding that Goldman Sachs' recent $800 price target looks "plenty feasible." Reference Link
14:22 EDTGOOGSecular growth stocks look attractive amid market volatility, Barron's says
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August 28, 2015
07:12 EDTGOOGWilliam Blair names 21 stocks best positioned for volatile markets
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August 27, 2015
14:39 EDTGOOGGoogle volatility elevated on wide price movement
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11:44 EDTGOOGGoogle says EC's Statement of Objections 'incorrect'
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August 26, 2015
18:16 EDTGOOGGoogle still looks attractive, Barron's says
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17:58 EDTGOOGAndroid Pay not launching this week, TechCrunch says
Google's (GOOG) Android Pay -- a mobile payment service set to compete with Apple's (AAPL) Apple Pay platform -- will not be launching this week despite various reports to the contrary, says TechCrunch, citing sources familiar with Google's plans. Reference Link
16:26 EDTGOOGOn The Fly: Top stock stories for Wednesday
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10:12 EDTGOOGGoogle climbs after Goldman upgrade, Cantor endorsement
The shares of Google (GOOG, GOOGL) are rallying after Goldman Sachs upgraded the search giant's stock and Cantor Fitzgerald named the stock as one of the top five Internet names to buy amid the market's recent selloff. WHAT'S NEW: Google is in the early innings of a long-term margin expansion process as the search giant intensifies its focus on cost cutting, Goldman analyst Heather Bellini wrote in a note to investors today. Moreover, after conducting checks, Bellini is more upbeat on the company's ability to increase its monetization of YouTube and mobile search. The analyst, who believes that cost cutting combined with the increased monetization is starting to move the needle for the company, hiked her price target on Google's Class A stock to $800 from $660, upgraded the stock and added the shares to Goldman's Americas Conviction List. Meanwhile, Cantor Fitzgerald analyst Youssef Squali named Google as one of his top five Internet stocks to buy amid the market's recent volatility. Google is "relatively resilient," given its 91% share of the global search market as of July and its $61B of net cash as of the end of Q2, the analyst believes. Moreover, the company has virtually no exposure to China and its new corporate structure should improve its transparency, Squali believes. He kept a $720 price target and Buy rating on the stock. WHAT'S NOTABLE: The other four companies on Squali's list of top Internet stocks are Amazon (AMZN), Priceline (PCLN), Facebook (FB), and Alibaba (BABA). PRICE ACTION: In early trading, Google's Class A shares rose 4.4% to $640 and its Class C shares advanced nearly 5% to $610.
09:25 EDTGOOGOn The Fly: Pre-market Movers
UP AFTER EARNINGS: Abercrombie & Fitch (ANF), down 15.1%... Express (EXPR), up 9.8%... Frontline (FRO), up 10.4%... Chico's FAS (CHS), up 9.3%. ALSO HIGHER: Oshkosh (OSK), up 11.9% after being awarded a $6.7B contract by the U.S. Army... EMC Corporation (EMC), up 5.8% after Re/code reported that the board is considering a VMware (VMW) downstream merger proposal... Google (GOOG), up 4.6% after being upgraded to Conviction Buy from Neutral at Goldman... Ford (F), up 2.4% after Bloomberg reported that the company is considering returning production of Bronco and Ranger to the U.S. NOTABLE: Cameron International (CAM), up 45.4% after announcing that it will be acquired by Schlumberger (SLB). Schlumberger is down 1.9%. LOWER: WisdomTree (WETF), down 3.6% after being downgraded to Sell from Buy at Citi... Transocean (RIG), down 3.4% after proposing to cancel Q3 and Q4 dividends.
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