Google to the Rescue

Thankfully one can turn to Google or YouTube for detailed advice. Ever use Waze to help navigate you from point A to B? Waze, Google and YouTube are all part of Alphabet*, which trades under the symbols GOOG and GOOGL. The company went public 17 years ago at a value of approx. US$23 billion and is now valued in excess of US$1.8 trillion – that’s a gain of more than 7,800%! (i) This week the company reported better than expected results and interestingly YouTube’s quarterly revenues of US$7 billion almost match the quarterly revenues posted by Netflix*. GOOGL shares under-performed the other FANG stocks last year but this year are at the head of the pack with a gain of 55% (i).

Have a great weekend and please stay safe,
- Brad