I Know First Review: GOOG Assessment

I Know First Review

Google Review

Alphabet Inc., (GOOG) through its subsidiaries, builds technology products and provides services to organize the information. The company offers Google Search that provides information online; Google Now that offers information to users when they need it.

I Know First wrote a Seeking Alpha article about Google on January 16th, 2015, claiming that 2015 will be a rebounding year for the stock. Since then, the stock increased an amazing 47% in the last 11 months.

I Know First Review

Here we can see that I Know First made a bullish prediction on Google for 3 months and 1 year back on January 15th.

Sure enough, Google underwent restructuring which led to a 6% increase in stocks. Everything now gets reported to Alphabet inc. which is the new corporate name. This allowed Google to better support its business. Also this year, Google booked its biggest day in history by adding $66.9 billion, the largest ever recorded by a single company. Google skyrocketed by 16.3% in a single day, leading brokerages to believe that the stock will continue to rise.

Another interesting fact is that Google is believed to be well suited for eWallet. This use of eWallet is expected to hit $647 billion by 2019, a 67% rise. By then, Google will be used to pay more than credit cards will. So acquiring this eWallet was important for Google both in the short run, as well as in the long run. Also, Google is and always will be an ad revenue source, having a 19% revenue for this year.