Alphabet Inc. GrowthDate Published: 2016-09-27
Author: Ophir Gottlieb
Written by Ophir Gottlieb
Alphabet Inc. (NASDAQ:GOOGL) is right at all-time highs in stock price, and while the broader market may be carrying it higher, the company shows room for growth, even at $600 billion in market cap.
Several new developments at Google have pushed Alphabet Inc. stock to all time highs and there's reason to believe the company has growth to come. Here's the all time stock chart:
First, here comes a new phone, likely to be released on the October 4th event:
That's a rendering of the Pixel, and there will be a Pixel XL, as well. Here’s what Forbes had to say:
We will also (probably) see some new hardware from Alphabet Inc. (NASDAQ:GOOGL) surrounding Virtual reality under the "Daydream VR" name as well more information on Google Home, which is the competitor to Amazon's Echo.
But, the developments and potential growth go further. Investopedia penned this bit:
Alphabet Inc.'s Google is going further with optimized page load that saves 90% of data usage, essentially optimized for India's 2G networks. Here’s a visualization of YouTube's growth in India.
As we have noted several times, video is the new way content will be consumed and estimates put video at 80% of our content consumption by 2020 and there is nothing as large or successful as YouTube. In fact, Alphabet Inc. reported that YouTube had more viewers on mobile alone than any broadcast or cable network for viewers aged 18-49.
We love the direction that Alphabet Inc. (NASDAQ:GOOGL) is going and see growth yet, even for a company nearing $600 billion in market cap and that's why it remains a Top Pick for CML Pro.
For the year-to-date period, CML Pro's Top Picks are up substantially compared to the market. Here's a quick table:
|CML Pro Top Picks||+13.9%|
|Dow Jones Industrial||+4.6%|
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