Google Shares Beckon
Now that earnings reports for some of the market's tech darlings have passed, a degree of event risk has receded. Companies that have already reported include Google (GOOG), shares of which continue breaking to new highs as they maintain a reasonable valuation.
How would I define reasonable? Google is trading at about 14x next year's expected earnings. That's too high for Google to be considered a value stock, but it's reasonable for a company with its growth potential and sizable cash hoard. Google's cash stash is nearing $50 billion, equal to about 20% of the stock's market capitalization....468 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
There’s no substitute for a trading floor to get great ideas, so Jim Cramer created a better one at Real Money and blogs there exclusively. We then added legendary hedge fund manager, Doug Kass, with his exclusive Daily Diary and best investing ideas. Staffed with more than 4 dozen investing pros, money managers, journalists and analysts, Real Money Pro gives you a flood of opinions, analysis and actionable trading advice found nowhere else, and allows you to interact directly with each expert.
Already a Subscriber? Please login.
