What Alphabet, Crocs and Tesla stocks have in common, according to Piper Sandler

A search engine, a shoemaker and an electric vehicle company have all caught one analyst’s eye. Piper Sandler’s chief market technician, Craig Johnson, says Alphabet, Crocs and Tesla could all mean big money for investors – his firm has overweight ratings on each. “These three names, they’re showing meaningful upside to the fundamental price objectives,”… Continue reading What Alphabet, Crocs and Tesla stocks have in common, according to Piper Sandler

Alphabet CFO says she supports higher taxes on high earners, as Biden has proposed

Google and Alphabet finance chief Ruth Porat said she supports the idea behind President Joe Biden’s proposal for higher tax rates on high earners. Among other things, Biden’s proposal would raise the top federal rate on long-term capital gains and qualified dividends to 39.6%, from 20%, for taxpayers with annual income over $1 million, making… Continue reading Alphabet CFO says she supports higher taxes on high earners, as Biden has proposed

Tech giants’ earnings showed their absolute dominance

The tech industry is really two industries. There are the five giants, which operate at an almost unimaginable scale, and then there’s everybody else. Alphabet, Amazon, Apple, Facebook and Microsoft all reported March quarter earnings this week, and some of the numbers that came out showed how dominant they are. In many cases, relatively small… Continue reading Tech giants’ earnings showed their absolute dominance

Tesla and Alphabet are set to report earnings — what Wall Street expects to see

Dan Ives, managing director of Equity Research at Wedbush Securities, breaks down what he sees for Tesla ahead of earnings Monday afternoon. “For Tesla, the success continues to be not just Model 3, Model Y and others but I think what you’re seeing on this is just the technology that continues to come out of… Continue reading Tesla and Alphabet are set to report earnings — what Wall Street expects to see

Google will stop using Oracle’s finance software and adopt SAP instead

Google parent Alphabet plans in the coming weeks to stop using Oracle financial software and instead start using software from SAP, CNBC has learned. Alphabet and Google core financial systems will move to SAP in May, Google told employees in an email that CNBC viewed. The move relates only to the software Google uses to… Continue reading Google will stop using Oracle’s finance software and adopt SAP instead

Facebook, Alphabet and Microsoft shares soar to all-time highs

Shares of Facebook, Alphabet and Microsoft each hit all-time highs Monday as investors rotated away from cyclical stocks and poured back into growth. Facebook surged as much as 4% to briefly trade at $310.77 per share. Alphabet gained as much as 4.3% to hit $2,222.44 apiece, while Microsoft was up 3.1% to trade at $249.75.… Continue reading Facebook, Alphabet and Microsoft shares soar to all-time highs

Alphabet-backed fintech GoCardless nears $1 billion valuation amid digital payments boom

Payments technology start-up GoCardless raised $95 million in an investment round that values it at $970 million.GoCardless plans to capitalize on an emerging trend in finance called “open banking” and expand into e-commerce.The firm is the latest in a spate of European start-ups to have raised substantial funding from U.S. investors.LONDON — British financial technology… Continue reading Alphabet-backed fintech GoCardless nears $1 billion valuation amid digital payments boom