Alphabet (GOOGL) Rises 2.08% Amid Index Weakness
The S&P 500 futures showed little change on Monday night as investors prepared for key inflation reports scheduled for later in the week. Futures linked to the Dow Jones Industrial Average declined by 12 points, or 0.04%, while S&P 500 futures decreased by 0.05%, and Nasdaq-100 futures dropped 0.1%.
Meanwhile, our robots demonstrated good growth yesterday despite the unclear market dynamics. One noteworthy robot is the Swing Trader 3K per position Medium Volatility Stocks for Active Trading TA-FA, which is currently mainly in long positions and is waiting for continued growth. The majority of its holdings are in Google stocks, which rose by more than 2% yesterday.
Traders are also anticipating the release of April's Consumer Price Index report on Wednesday and the Producer Price Index report on Thursday, which will provide the latest data on the inflation trajectory.
Investors will be monitoring morning data from the National Federation of Independent Business on Tuesday, while Fed Governor Philip Jefferson and New York Fed President John Williams are scheduled to speak at events throughout the day.
GOOGL's Stochastic Oscillator stays in oversold zone for 6 days
The price of this ticker is presumed to bounce back soon, since the longer the ticker stays in the oversold zone, the more promptly an uptrend is expected.
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Notable companies
The most notable companies in this group are Alphabet (NASDAQ:GOOG), Alphabet (NASDAQ:GOOGL), Meta Platforms (NASDAQ:META), Spotify Technology SA (NYSE:SPOT), Baidu (NASDAQ:BIDU), Pinterest (NYSE:PINS), Tencent Music Entertainment Group (NYSE:TME), Snap (NYSE:SNAP), Twilio (NYSE:TWLO), Zillow Group (NASDAQ:Z).
Industry description
Companies in this industry typically license software on a subscription basis and it is centrally hosted. Such products usually go by the names web-based software, on-demand software and hosted software. Cloud computing has emerged as a major force in this space, making it possible to save files to a remote database (without requiring them to be saved on local storage device); as long as a device has access to the web, it can access the data and the software programs to run it. This has in many cases facilitated cost efficiency, speed and security of data for businesses and consumers. Alphabet Inc., Facebook, Inc. and Yahoo! Inc. are some well-known names in the internet software/services industry.
Market Cap
The average market capitalization across the Internet Software/Services Industry is 60.93B. The market cap for tickers in the group ranges from 1.11K to 1.94T. GOOGL holds the highest valuation in this group at 1.94T. The lowest valued company is MSEZ at 1.11K.
High and low price notable news
The average weekly price growth across all stocks in the Internet Software/Services Industry was -1%. For the same Industry, the average monthly price growth was -0%, and the average quarterly price growth was 2%. TRFE experienced the highest price growth at 53%, while QQQFF experienced the biggest fall at -58%.
Volume
The average weekly volume growth across all stocks in the Internet Software/Services Industry was 15%. For the same stocks of the Industry, the average monthly volume growth was 9% and the average quarterly volume growth was -8%
Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
Valuation Rating: 45
P/E Growth Rating: 72
Price Growth Rating: 59
SMR Rating: 84
Profit Risk Rating: 92
Seasonality Score: -9 (-100 ... +100)