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Communication Services : Interactive Media & Services | Large Cap Growth
Company profile

Alphabet Inc. is a holding company. The Company's businesses include Google Inc. (Google) and its Internet products, such as Access, Calico, CapitalG, GV, Nest, Verily, Waymo and X. The Company's segments include Google and Other Bets. The Google segment includes its Internet products, such as Search, Ads, Commerce, Maps, YouTube, Google Cloud, Android, Chrome and Google Play, as well as its hardware initiatives. The Google segment is engaged in advertising, sales of digital content, applications and cloud offerings, and sales of hardware products. The Other Bets segment is engaged in the sales of Internet and television services through Google Fiber, sales of Nest products and services, and licensing and research and development (R&D) services through Verily. It offers Google Assistant, which allows users to type or talk with Google; Google Maps, which helps users navigate to a store, and Google Photos, which helps users store and organize all of their photos.

Price
Delayed
$1,431.63
Day's Change
18.39 (1.30%)
Bid
--
Ask
--
B/A Size
--
Day's High
1,445.11
Day's Low
1,424.56
Volume
(Heavy Day)

Today's volume of 970,907 shares is on pace to be much greater than GOOGL's 10-day average volume of 1,808,136 shares.

970,907

UPDATE: Cannabis shares rally premarket as Canopy's better-than-expected quarter boosts sentiment

10:49 am ET February 14, 2020 (MarketWatch)
Print

U.S.-listed shares of Canadian cannabis companies rallied in premarket trade Friday, after a better-than-expected earnings report from market leader Canopy Growth Corp. (WEED.T) bolstered hopes for the beaten-down sector. Canopy reported a narrower-than-expected fiscal third-quarter loss and revenue that rose above forecasts, amid strength in business-to-consumer sales. The report comes a day after Aurora Cannabis (ACB.T) reported a more than C$1 billion loss for its latest quarter. MKM analyst Bill Kirk said Canopy's report was a beacon of hope for the sector and should boost sentiment. "We had expected only small improvements from the prior quarter, but Canopy is showing a meaningful progression," Kirk wrote in a note to clients. Still, the path to profitability remains unclear and Kirk is waiting for the earnings call for details on Cannabis 2.0, the second phase of Canadian legalization that allows derivatives, including edibles and beverages. "We doubt early 2.0 sales will be a significant contributor given the lack of activity observed at production facilities two weeks before 2.0 legalization," he wrote. "We continue to rate WEED shares Neutral." Canopy's U.S.-listed shares rose 18% premarket. Aurora was up 7%, Cronos (CRON.T) rose 6%, Tilray (TLRY) was up 7%, Aphria (APHA.T) was up 8% and Organigram (OGI.T) was up 6%. The ETFMG Alternative Harvest ETF (MJ) has fallen 54% in the last 12 months, while the S&P 500 has gained 23%.

-Ciara Linnane; 415-439-6400; AskNewswires@dowjones.com

(END) Dow Jones Newswires

February 14, 2020 10:49 ET (15:49 GMT)

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