Google the Tech Giant

Last Friday Google Inc surprised the world with its latest financial numbers and their shares jumped by more than 13%, Heyo!（⌒▽⌒）The company’s market capitalization grew by about $40,000,000,000 in a single day 😀 Each share of Google is now over $1,000 for the first time ever. I believe Google is a terrific long term investment. Sure, it doesn’t pay a dividend, but it’s proved to be a great growth stock! Its shares doubled in value in the last 5 years eh 🙂 And most importantly Google provides a real service that people use, sometimes on a daily basis, in markets that are expanding 😉 (search, advertising, mobile devices, etc)

Google has now surpassed Microsoft and Berkshire Hathaway in terms of company value. It is now the 3rd largest company in the U.S., behind only 2 other giants, Apple Inc and Exxon Mobil.  I’m glad I bought some Google shares earlier this year for $705 each.

As most of you know I like to share my investment strategies. So last month I blogged aboot why it’s important to own both Apple and Google shares because they are part of a very profitable mobile trinity 🙂 If any of you fabulous readers out there read that post and decided to take action right away then you would currently have a 9% gain in your Apple shares today, and 13% gain from Google. So you’re welcome 😀

But for those who didn’t have a chance to invest in the mobile and advertising space yet it’s not too late 🙂 Analysts continue to be optimistic about Google. At least a dozen brokerages raised their price targets on GOOG. The average target is now $1,068, and the median is at $1,100, from 38 different brokers.

The success of Android, which becomes more and more popular every day, is starting to really add up, and Google is collecting small tolls along the way. Google’s ownership of the Android ecosystem makes Google like the house, in Vegas terms. ~Stifel analyst Jordan Rohan

Also like I’ve mentioned in the past Qualcomm is another good stock to buy in the same industry, which I don’t yet own. But I’m planning to buy some in November to diversify. I believe smartphones and tablets are still going to see growing sales across the world.

Google’s brand is ubiquitous, and everyone who uses the internet including bloggers use Google’s services (with geographical exceptions.) Can you imagine a world without the Google search engine, Gmail, or Google maps?

If the digital mobile world is becoming an ever increasing part of our lives, why not make it a part of our investments too? 😉 Let’s all profit from the inevitable growth of technology 🙂

Disclosure: I have 3 shares each of AAPL, and GOOG in my U.S. margin account

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Random Useless Fact: The plastic things on the end of shoelaces are called aglets.