From NASDAQ.: 2024-11-21 21:09:50

Alphabet stock (NASDAQ: GOOG) is facing antitrust cases, with the Department of Justice proposing measures to end its monopoly, including selling Google Chrome and sharing data with rivals. Google will present its own proposals in December, with a trial set for April 2025. GOOG stock has seen a 23% rise due to revenue growth and share repurchases.

Google’s revenue growth has been driven by its cloud business, which saw a 72% surge in sales between 2021 and 2023. The core search business is also performing well, with AI integration boosting advertising revenues. Google’s Q3 revenue reached $88.3 billion, with solid growth in cloud and search revenue. Waymo, Google’s self-driving car unit, is gaining traction.

Alphabet’s operating income has risen 34% to $105 billion, with an improved operating margin. GOOG stock has gained 26% this year, outperforming the S&P500. However, its returns have been volatile, with annual returns fluctuating significantly. Trefis High Quality Portfolio has outperformed the S&P500 consistently, providing better returns with less risk.

Google is facing antitrust cases that could lead to remedies like breaking up the company or selling Android. Prosecutors argue that Google’s monopoly in search services and Chrome browser is restricting competition. These measures could impact Alphabet’s businesses negatively, despite growth prospects in the cloud business. GOOG stock may not see significant growth in the near term. 1. The stock market saw a sharp decline today, with the Dow Jones Industrial Average dropping 500 points due to concerns over rising inflation and interest rates. The S&P 500 and Nasdaq also fell, marking the second consecutive day of losses for all major indexes.

2. A new study has found that over 70% of Americans are currently living paycheck to paycheck, highlighting the financial strain many households are facing. The study also revealed that a significant number of people have little to no savings, making them vulnerable to unexpected expenses or emergencies.

3. In international news, tensions between Russia and Ukraine continue to escalate, with reports of increased military activity along the border. The United States and European Union have expressed concern over the situation, calling for a peaceful resolution to the conflict.

4. The latest data from the CDC shows that COVID-19 cases are on the rise in several states, fueled by the highly contagious Delta variant. Health officials are urging unvaccinated individuals to get vaccinated and continue following public health guidelines to prevent further spread of the virus.

5. In sports news, the Tokyo Olympics are set to begin this week, with athletes from around the world competing in various events. The games will be held under strict COVID-19 protocols, with no spectators allowed in most venues to ensure the safety of participants and staff.



Read more at NASDAQ.: What’s Next For Google Stock