Markets

Google parent Alphabet spikes 7% after smashing 4th-quarter expectations on digital ad sales during the holiday shopping quarter

Google parent Alphabet rose 7% after posting strong Q4 earnings that beat Wall Street expectations. The company’s fourth-quarter revenue rose 23% to $US46.43 million, driven by strong advertising growth. Alphabet revealed results from Google’s cloud business for the first time ever. Sign up here for our daily newsletter, 10 Things […]
Google parent Alphabet spikes 7% after smashing 4th-quarter expectations on digital ad sales during the holiday shopping quarter
Markets

‘Participating in the digital ad recovery’: Here’s what 5 Wall Street analysts had to say about Alphabet’s 3rd-quarter earnings report

Alphabet’s 3rd-quarter earnings report easily cruised by analyst estimates as a recovery in digital advertising materialised following a week second quarter. A surge in advertising for Google’s Search and Youtube properties helped propel shares higher by as much as 8% in Friday trades. Here’s what five analysts had to say […]
‘Participating in the digital ad recovery’: Here’s what 5 Wall Street analysts had to say about Alphabet’s 3rd-quarter earnings report
Markets

Google parent Alphabet surges 8% after massive 3rd quarter earnings beat driven by recovery in advertising spend

Google parent Alphabet surged in Friday trades after it reported third quarter earnings that crushed analyst estimates. The earnings beat was driven by a strong recovery in online advertising spend at Google’s Search and Youtube properties. Alphabet’s fastest growing segment, Google Cloud, generated revenue of $US3.44 billion, representing a 44% […]
Google parent Alphabet surges 8% after massive 3rd quarter earnings beat driven by recovery in advertising spend
Markets

Billionaire investor Stanley Druckenmiller slashed FANG stocks and loaded up on companies hit by the pandemic last quarter — here are his top 10 holdings

Stanley Druckenmilller, the billionaire investor and head of Duquesne Family Office, boosted the size of his portfolio by more than 30% in the second quarter. Druckenmiller slashed holdings of big technology stocks such as Facebook,Amazon,Netflix, and Google parent Alphabet (FANG) in the second quarter, SEC filings show. Here are Druckenmiller’s […]
Billionaire investor Stanley Druckenmiller slashed FANG stocks and loaded up on companies hit by the pandemic last quarter — here are his top 10 holdings
Markets

FANG stocks shed $177 billion in just two days as coronavirus fears roil markets

Popular technology stocks have not been immune to market panic around a potential coronavirus pandemic. FANG stocks, including Facebook, Amazon,Netflix, and Google parent company Alphabet, shed a combined $US177 billion in market capitalisation in just two days as coronavirus fears slammed global markets. Each of the tech giants fell for […]
FANG stocks shed $177 billion in just two days as coronavirus fears roil markets