Alphabet Inc. (GOOG)
After hours:
| Previous close | 169.16 |
| Open | 168.77 |
| Bid | 168.65 x 100 |
| Ask | 168.83 x 100 |
| Day's range | 165.87 - 169.84 |
| 52-week range | 121.46 - 193.31 |
| Volume | |
| Avg. volume | 18,067,361 |
| Market cap | 2.065T |
| Beta (5Y monthly) | 1.05 |
| PE ratio (TTM) | 24.20 |
| EPS (TTM) | 6.97 |
| Earnings date | 22 Oct 2024 - 28 Oct 2024 |
| Forward dividend & yield | 0.80 (0.47%) |
| Ex-dividend date | 10 Jun 2024 |
| 1y target est | 197.67 |
- Yahoo Finance Video
Tech isn't in for a rout, but it's a mixed bag: Strategist
US equities (GSPC, DJI, IXIC) are jumping on Friday as Big Tech seems to be rebounding after a week that saw many investors rotate to small and mid-caps. With new economic data, the Personal Consumption Expenditures Index (PCE), signaling inflation may be under control, many expect the Federal Reserve to make its first interest rate cut in September. Catalyst Funds Co-Founder and CIO David Miller joins Catalysts to give insight into what recent economic data suggests for the Fed, the tech sector, and the broader markets moving forward. "I think you're seeing some of this weak inflation data indicating inflation growth is actually slowing that that's giving the market more of an all-clear signal that the Fed is going to go ahead and finally do it and cut rates. So I think that's more of the response that we're seeing in equities today," says Miller Speaking on rotation out of tech and whether or not it should be considered a "rout," he doesn't think it is, saying "I think it's pretty unlikely that there's going to be a rout. The only real weakness we saw, for example, with Google was on the YouTube numbers that came in at 13%. But you know, we're still talking about double-digit growth. The real weakness, I guess, whether you call it auto or tech, was really more on Tesla, where you saw two sequential revenue declines, you know, totaling about 7% and real delays on whether their self-driving car service is really going to happen any time in the near future. So I think it's kind of a bit of a mixed bag, but I don't think we're in for a rout." For more expert insight and the latest market action, click here to watch this full episode of Catalysts. This post was written by Nicholas Jacobino
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