|Bid||1,039.00 x 1200|
|Ask||1,041.95 x 900|
|Day's range||1,040.79 - 1,062.60|
|52-week range||980.64 - 1,273.89|
|Beta (3Y monthly)||1.31|
|PE ratio (TTM)||39.11|
|Forward dividend & yield||N/A (N/A)|
|1y target est||1,328.00|
Two former Amazon employees are trying to transform the $700 billion trucking industry with a trucking app called Convoy, which leverages data.
S&P 500 companies are poised to deliver a 22% gain in earnings this year, leaving the benchmark index trading at 15 times forward earnings. For investors looking to next year, an important issue is whether to go with defensive stocks (utilities, real estate investment trusts, health-care companies, and consumer staples), economically sensitive issues (banks, retailers, and industrials), or growth stocks (mostly in technology). Value managers see some of the best opportunities in years, and most of our stock picks trade for 10 times forward earnings or less.
Tech stocks have struggled in recent months, but the big drivers haven’t changed. Here are stocks benefiting from the multi-year disruptive trends.
Alphabet’s (GOOGL) Google is shaking up its YouTube business in a fashion that suggests selling ads may be more lucrative than selling content subscriptions. The shakeup involves Google ending the practice of restricting access to YouTube original content to paid subscribers. There is a paid subscription service called YouTube Premium that costs $12 a month and offers ad-free access to all videos on YouTube plus exclusive access to originals.
Spotify (SPOT) is preparing to launch its music streaming service in India as early as the first quarter of 2019, according to a Bloomberg report citing people familiar with the company’s plans. Spotify has long been rumored to be exploring an India entry and for a good reason. India, with its 1.3 billion people and a swelling Internet population, is generally a key target market for digital companies, and online music seems to be one of the sweet spots.
Alphabet’s (GOOGL) Google has unveiled a shopping service called Google Shopping, which will make it easier for Indian users to shop on its platform. Google Shopping will be available both in English and Hindi. The new platform can be accessed through Google Search or Google Lens.
Baidu (BIDU) has formed an AI partnership with the city of Shanghai. Baidu has agreed to set up an AI research center in the city under the partnership, according to Xinhua, and Baidu and the Shanghai municipal government have agreed to team up on smart city development.
At The Wall Street Journal‘s D.Live technology conference last year, Baidu (BIDU) CEO Robin Li said that the company spends ~15% of its annual revenue on research and development, with almost the entire budget going to AI initiatives. And what has come out of that? The top AI patent applicant in China. Forbes, citing the Patent Protection Association of China, reported that Baidu has filed 2,368 AI patent applications. In comparison, Microsoft (MSFT) has filed 1,648 AI patent applications, Tencent (TCEHY) has filed 1,168, and Samsung (SSNLF) has filed 1,047.
Alphabet’s (GOOGL) TTM (trailing-12- month) gross margin is 60.18%, while the industry and sector averages are 41.89% and 40.91%, respectively. Alphabet’s five-year gross margin is 61.61%.