GOOG Diving With Market Stocks are plunging in early trading after a disappointing labor market report became the latest data point to show the economy has stalled. Shares of GOOG are off with the rest of technology. Catalysts include continued
Android momentum in the smartphone and tablet markets worldwide; regaining ground in China; any revival or partners for
Google TV; the roll-out of
Google Music and social network Google+; and progress in other newer initiatives (location-based services, mapping, gaming, Chromebooks, etc.). The stock trades at approximately
13x Enterprise Value / EBIT, inexpensive relative to historical trading levels.
Google+ Gaining At An Impressive Pace... (Reuters) Google's new social networking service picked up about 25 million visitors from around the globe in less than a month, faster than rival
Facebook in its early days, according to
comScore.
That's the fastest growing website ever. It took
Facebook three years to gather that many users. However, Zuckerberg didn't have the power of 250 million
Gmail accounts or 1 billion monthly visitors. That said, Google+ is growing at about 1 million users per day. At this rate, it will catch up to
Facebook in two years.
Read » ... But It's No Facebook Killer (Bloomberg) With its new social network,
Google has scored a huge blow against its archenemy. Yes, Google+ delivers features and functionality that Microsoft's
Bing search engine can’t touch. Wrong archenemy, you say? Google+ is supposed to be a Facebook-killer? Ehhh, not so much. The worst case is that Google+ becomes to
Facebook what
Bing is to
Google, less a real competitor than simply an alternative with some interesting features that aren’t sufficiently compelling to ever lift it above being a distant second.
Read » Google Fires Back At Patent Lawsuits Targeting Android (VentureBeat) A few weeks ago, Google was involved in bidding for 6,000 patents being offered by Nortel, which many thought if Google should win, would beef up their defense against patent litigation. Instead, they lost to a consortium of
Apple,
Microsoft, RIM,
Sony,
EMC and
Ericsson for $4.5 billion. Basically everyone won except Google. The search giant shot back calling the recent patent lawsuits targeting
Android "bogus." The success has produced “
a hostile, organized campaign against Android."
Read » George Soros Loves Google Stock (Seeking Alpha) The search giant still gets the lion's share of its revenues from search and auction-based advertising programs. But Google is one of those rare companies that have made their name a household one and also created a new verb (how often do you say, “I’ll google that”?). With the Internet here to stay and on line business levels set to increase, this is a good buy in a company that retains the value of its profit by its policy of not paying dividends.
Read » Daily Trader: Sell Google Put Spreads (CNBC) Brian Stutland of Stutland Equities thinks that there's no reason to keep money in cash when you have companies like Google and
Apple out there. They are the best of breed with heavy cash balance sheets. GOOG stock is high, so sell a put spread so the cash lay out is less. Sell the 560 / 520 put spread with a break even of $548.
Read » 
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