GOOG: What’s New With Google Stock

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If you could sum up 2014 for Google (GOOG), the best word to use would probably be “meh.”

goog-stock-googleSince the start of the year, Google stock hasn’t done much of anything, snaking their way to meager 3% gains. The broader Nasdaq hasn’t really turned heads either, but it’s still managed to triple that climb.

Of course, the lack of movement from shares of GOOG isn’t because of a lack of news coming out of the search giant. In fact, Google continues to make headlines left and right — and these are the top headlines Google stock fans should have on their radars from August:

Google Acquisition Takes on Amazon: The most recent news out of the search giant didn’t budge GOOG stock, but investors should still take note. Google snatched up Zync, a company that offers video and special-effects rendering, in an effort to up its fight against Amazon’s (AMZN) cloud. The service currently run on Amazon’s cloud, but is going to be moved to Google’s platform. The Wall Street Journalsummed up the bigger picture nicely:

“Google launched a push earlier this year to get more developers and companies using its cloud platform, where users rent computing power and storage rather than buy and operate their own. Amazon Web Services is the clear leader in this market, but Google is pouring money, time and talent into an effort to catch up.”

Google Dominates App-Land: As USA Today reported, Google did get some praise in a recent study from comScore that ranked the most popular apps. Out of the top 10 most popular apps, the tech monster can claim half of them, including silver-medal YouTube, which boasts more than 83 million users. Toss in the Google Play app, the Google search app, Google maps and Gmail … and, well, you have one superstar app lineup.

Google Dominates Phone-Land: Of course, this app dominance is less surprising considering the impressive numbers released back in the beginning of August. Google Android market share tallied 85% of global smartphone shipments, slaying Apple (AAPL) and its iOS operating system at just under 12% and Microsoft (MSFT) with under 3%.

And a New Phone Is on the Horizon: While rumors are circling about the latest Apple iPhone, Google has been grabbing attention thanks to its upcoming release as well. A Best Buy (BBY) posting has folks chattering that the latest version of Google’s Nexus smartphone might launch on or near Halloween as the Nexus X. As InvestorPlace reported on Monday:

“The Best Buy listing for the Nexus X claims that the device has a 5.9-inch Quad-HD display that has a resolution of 1440×2560, a 2.7GHz quad-core processor and the Android L operating system. Another rumor that claims that the rumored smartphone will be getting a secret release on or around Halloween.”

Of course, only time will tell whether that release or any other news will be enough to actually get Google stock moving in the right direction.

As of this writing, Robert Martin did not hold a position in any of the aforementioned securities. 


Article printed from InvestorPlace Media, https://investorplace.com/2014/08/goog-google-stock/.

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