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This Tech Giant Has Room for Growth
Over the past twelve months, Google reported more than $136.8 billion in revenue. Its operating income was more than $26 billion and after various accounting charges and additions the company reported net income of more than $30 billion.
It can be difficult for companies to grow after reaching such large numbers but with cash flow from operations of more than $49 billion the company has ample resources to invest in the future. Recently, a senior Google executive announced plans for significant investments.
While there is always a chance the company could waste billions of dollars, investors might find it interesting to note that the company is investing heavily in an area where it lacks a significant market share as we explain in our latest article.
That indicates growth could be large for this already large company. As we explain in the article, that potential growth could have a dramatic change on the fundamentals. That is important because the current stock might actually reflect the current expectations for earnings. An increased market share in a potentially large market that Google is not a market leader in could change that.
We also look at the short-term potential of the stock and an interesting chart pattern indicates that traders could benefit from a relatively large move. All of this information and more is in our latest free educational article which is available right here.
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