Alphabet Inc (NASDAQ: GOOGL) (NASDAQ: GOOG) is the parent company for Google Inc, Waymo, Nest, Verily and — literally — a company for every letter of the Alphabet. Under the Alphabet banner there are more than six products or services that reach one billion active users, such as Google Drive, Search, Maps, Android and more.
The S&P/ASX 200 (ASX:XJO) finished flat for the week, while all three US benchmarks closed the week in the red. Here are my 3 key takeaways.
This discussion of my Apple Inc (NASDAQ: AAPL) stock valuation first appeared in Rask’s weekly newsletter. Create a free Rask account to read these every week.
On The Australian Investors Podcast, 7Investing’s Anirban Mahanti and Owen Rask chat Tesla Inc’s (NASDAQ:TSLA) monster operating leverage, Apple Inc’s (NASDAQ:AAPL) massive iPhone growth & Dubber Ltd’s (ASX:DUB) capital raising.
US stock markets were mixed overnight as the Nasdaq pushed higher on the back of strength in Alphabet (NASDAQ:GOOGL).
On the Australian Investors Podcast this week, 7Investing’s Anirban Mahanti and Owen Rask talk Altium Ltd’s (ASX: ALU) botched takeover proposal from Autodesk Inc (NASDAQ: ADSK), Netflix Inc’s (NASDAQ: NFLX) quarterly report, Bezo’s Blue Origin hits space.
It was a mixed day for US stock markets with both the S&P 500 and Dow Jones finishing 0.1% higher but the Nasdaq down 0.2%.
US markets all jumped in unison behind the Dow Jones, while the Nasdaq and the S&P 500 achieving more record closes.
All three US stock market indices finished the week higher, with big tech stocks like Amazon (NASDAQ:AMZN) driving the market.
Are FAANG stocks like Facebook Inc (NASDAQ: FB), Apple Inc (NASDAQ: AAPL), Amazon Inc (NASDAQ: AMZN), Netflix Inc (NASDAQ: NFLX) and Google/Alphabet Inc (NASDAQ: GOOGL) better than Australia’s blue-chip shares like Commonwealth Bank of Australia (ASX: CBA) and Telstra Ltd (ASX: TLS)?
