“Apple found legs last week, but it’s Google that really deserves the applause,” Thomas H. Kee Jr. writes for CNBC. “Google has largely held its own during the recent market turmoil — and that deserves attention.”
“Rightfully so, Google has become the darling of tech investors of all types, from institutional investors and fund managers all the way down to mom and pop,” Kee Jr. writes. “Of course, other tech stocks can rally and we are expecting Apple to climb further if longer-term support holds, but Google isn’t likely to falter unless something changes materially at the company.”
“Here’s what’s attractive about Google: It’s well diversified, its business model is open source in many ways and it isn’t directly subject to the whims of fickle consumers like Apple is because what they provide comes in all sizes, shapes, and forms — not just in a few gadgets,” Kee Jr. writes. “Apple ebbs and flows on the demand for iPhones, but Google is in much more than just the phone business.”
Read more in the full article here.
MacDailyNews Take: Tommy, Google doesn’t make phones and their only meaningful (profitable) business remains search advertising. The rest of Google’s “diversified” products/services are comprised of perpetual betas, oddities, and unicorn tears. The fact is: Google’s not well diversified at all. If search goes tits up, so does Google.
And, oh, by the way, it seems you’ve missed some pertinent news:
So, bottom line: Google is the clueless tech investor’s darling.