Google (GOOG) has been a star performer of late, but strikingly is up less than 2% on the year. We come into the end of first quarter wondering if the search giant has lost its "mojo." After all, looking at some other high-flying tech names like Netflix (NFLX), Apple (AAPL), Qualcomm (QCOM) or other stodgy names such as IBM (IBM), Cisco (CSCO), Microsoft (MSFT) or Intel (INTC) -- well, has the train left without 'em?
To be fair, the company is making a huge acquisition with Motorola Mobile (MMI) that will be closing soon and that may be weighing on them. Google sees more in this move than others -- and isn't that usually the case? Analysts are skeptical and think they may be paying up too much. That question will be answered down the road.
I see some good things happening for Google. A Citi analyst gave it a target of $750 today, and just last week, I pointed out in an article the good things that may be happening that are being ignored (interestingly enough, the stock is up 37 points or nearly 5% since then -- go figure).
I am looking for a pullback in the markets, thus a better entry level in some calls prior to earnings -- we'll see how it goes into the next few weeks -- but for now, I'm just stalking.
More from Technology
Salesforce could see value both in how Slack is used to collaborate with co-workers and in how it's increasingly used to engage with customers.
In addition to seeing blistering growth, the U.S. restaurant-delivery leader has been cash-flow positive this year. That makes for quite the contrast with Uber's delivery unit.
Should investors look to own CrowdStrike Holdings and Palo Alto Networks? Let's find out.
The company is doing a lot better than some peers right now and could see demand surge as 2021 progresses. But a difficult cost structure and competitive pressures shouldn't be ignored either.