Google 貼牌冰箱（Google Refrigerator） (Photo credit: Aray Chen)
GOOG :
NASDAQ : US$805.85)
Let me Google this for you.
While all eyes have been on Apple’s (AAPL) decline over the past six months, Google has quietly seen its shares appreciate by more than $125, finally crossing the $800 mark on Tuesday.
The most recent leg of the rally started late last month after Google reported solid Q4 results. Earnings were $10.65 per share on revenue of $12.9 billion (ex-Motorola) while analysts were expecting $10.58 on $12.73 billion (ex-Motorola). Canaccord Analyst Michael Graham notes that paid click growth remained strong despite volume-limiting policy changes.
Additionally, Nexus smartphone device sales appeared strong in the quarter while Motorola margin dilution continued to move out of the picture. IN Graham’s most recent monthly review, he noted that his screen on Google improved due to some upward estimate revisions following the
earnings release and accelerated growth interest while short interest continues to decline. Some positive metrics: core U.S. search queries grew 11% from the prior year, the first sign of growth in five months and comScore reported that traffic to Google Sites grew by 4% in December.
Graham believes investors have regained high hopes for Google for 2013 after a solid Q4 report, and he notes the potential for significant multiple expansion if the company continue to instill confidence with another quarter or two of stable, predictable results.
Humana (HUM : NYSE : US$73.19), Net Change
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