Alphabet Inc: Machine Learning a Strong Catalyst for GOOG Stock
This Could Send GOOG Stock Soaring
Alphabet Inc (NASDAQ:GOOG) is the world’s second-most valuable company with approximately $538.21 billion in market capitalization. Google created Alphabet last year as its parent holding company under a new operating structure to focus on its consolidated businesses and increase management scale.
As Larry Page explained in a blog post last year, “Alphabet is about businesses prospering through strong leaders and independence.” In other words, the CEOs running its businesses have strong management and leadership skills to.
Last week, Alphabet reported adjusted earnings of $8.42 per share in the second quarter, up from $6.99 per share in the year-ago period. The company’s earnings were higher than the $8.04 per share Wall Street analysts expected. (Source: “Alphabet Announces Second Quarter 2016 Results,” Alphabet Investor Relations, July 28, 2016.)
Alphabet’s Other Bets such as “Project Wing” (delivery drones) and self-driving cars are not yet making money but they are expected to disrupt their respective industries.
The White House Office of Science and Technology Policy (OSTP) announced new steps to promote the safe integration and innovative adoption of unmanned aircraft systems (UAS), or drones, across the country. According to the White House, Alphabet will start testing its delivery drones at one of the six FAA-sanctioned drone test sites to set the foundation for future approvals. (Source: “Harnessing the Potential of Unmanned Aircraft Systems Technology,” White House, August 2, 2016.)
In January, Project Wing head Dave Vos said drone delivery in urban areas in the United States might be possible within a few years. (Source: “Google Exec Says Delivery by Drone Possible Within a Few Years,” Bloomberg, January 11, 2016.)
The post Alphabet Inc: Machine Learning a Strong Catalyst for GOOG Stock appeared first on Profit Confidential.
Copyright 2016 Investors Buz