3 Stocks to Watch Monday: Alphabet Inc (GOOGL), Microsoft Corporation (MSFT) and Sysco Corporation (SYY)

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Last week closed on a mixed note. The S&P 500 lost 0.1% and the Dow Jones Industrial Average finished off 0.2%, but the Nasdaq Composite ticked 0.1% higher to reach a new all-time high. The performance was in large part thanks to disappointing July retail sales, which also knocked the U.S. dollar down a bit.

3 Stocks to Watch: Alphabet Inc (GOOGL), Microsoft Corporation (MSFT) and Sysco Corporation (SYY)As we kick off Monday, Big Tech — Alphabet Inc (NASDAQ:GOOG, NASDAQ:GOOGL) and Microsoft Corporation (NASDAQ:MSFT) — is making a few headlines. Meanwhile, Sysco Corporation (NYSE:SYY) stands alone as the only earnings mover for the morning.

Here’s what you need to know as we head into Monday’s trading day:

Alphabet Inc (GOOG, GOOGL)

Alphabet Inc is apparently rethinking the world of high-speed internet.

According to people familiar with the plans, GOOGL has suspended current Google Fiber projects while it determines whether it wants to continue going with fiber-optic cables, or switch to wireless technology.

Building the service — which has only been released in six metro areas over four years — requires digging up streets and laying thousands of miles of cables in major U.S. cities. San Jose and Portland, Oregon, were in the middle of construction, but now will have to wait out Google’s decision. Palo Alto, California, might have to wait at least six months.

The team responsible for Fiber is rethinking how to make this a possibility, and delaying projects. Construction has been suspended in San Jose, Calif. and Portland Ore.

Also, the rumor mill is churning out reports that there will be a Nexus 7, released in August, that will debut the newest Google operating system, Nougat.

GOOGL shares are trending slightly higher this morning, and are up about 4% year-to-date.

Microsoft Corporation (MSFT)

MSFT is having issues with its Windows 10 Anniversary Update, which apparently is causing technical problems.

Many are experiencing an issue that causes their computer to freeze once they log in after having updated their operating system. A patch has yet to be released, but Microsoft said it’s aware of the issue and it’s working on fixing it.

The problem may affect a new, third-party camera app that is being launched today for the operating system. ProShot already exists for Windows phones, but now it is available for PCs. The app’s developers said the computer version of ProShot is significantly different than the one for mobile devices.

You can avoid the issue for now by logging into Windows 10’s Safe Mode.

MSFT shares, like GOOGL, are up fractionally, but are enjoying a roughly 4% gain on the year.

Sysco Corporation (SYY)

Food and foodservice distributor Sysco is getting a great bump this morning to new all-time highs thanks to a fiscal fourth-quarter beat on the bottom line.

SYY earned $215.67 million in the quarter, roughly triple its performance in the year-ago quarter. On an adjusted basis, profits of 64 cents per share beat the consensus estimate for 61 cents.

Revenues improved, too, from $12.40 billion to $13.65 billion, though that figure did fall slightly below estimates for $13.68 billion.

All told, fiscal 2016 was a strong one for Sysco, which improved sales by 3.5% to $50.4 billion and gross profits 5.7% to $9 billion.

SYY stock was responding with a 5% climb in Monday’s premarket trade.

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

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Article printed from InvestorPlace Media, https://investorplace.com/2016/08/3-stocks-to-watch-monday-alphabet-inc-googl-microsoft-corporation-msft-and-sysco-corporation-syy/.

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