California, Mountain View based tech giant Alphabet Inc (NSDQ:GOOGL)seems to be having a rough time lately. Googles parent company reported impressive numbers for Q3, with double digitearnings growth still intact. But Trump’s impending arrival at the White house has negatively impactedGoogle stock. GOOGL stock is still down by more than 3% since the election results were out. To add to Google’s woes, the issue of “Popular vote” related fake news showing up in Google searches, hasn’t helped matters. But is Trump really all that bad for Alphabet Inc? We think not. Here’s why.
Trumps Tax Policies To Benefit Alphabet Inc
Alphabet Inc, like all other businesses, will benefit from President-elect Trumps proposed move to cut corporation taxes from 35% to as low as 15%. If this happens, it would be a momentous occasion for everyone doing business in theUS. The most impactful decision would be President-elect Donald Trumps campaign proposal to slash repatriation taxes on overseas cash of U.S. companies. In a recent report, Moodys estimated that the amount of cash held overseas by US companies will reach about $1.3 trillion, 74% of their total cash in 2016. Google’s parent Alphabet Inc is one of the top 5 cash holding companies in thenon-financial sector. Trump hasproposed slashing the repatriation rate to 10%, which would be payable over 10 years.
Best Tech Stocks To Watch Right Now: Allscripts Healthcare Solutions, Inc.(MDRX)
Advisors’ Opinion:
- [By Benzinga News Desk]
Goldman Sachs (NYSE: GS) has at least one billion reasons to hope President Trump’s paring back of Dodd-Frank will include the Volcker Rule: Link
ECONOMIC DATA
10:30 a.m. Dallas Fed Manufacturing Business Index
11:30 a.m. 6-Month Bill Auction
11:30 a.m. 3-Month Bill Auction
1 p.m. 2-Year Note Auction
1:15 p.m. Chicago Fed President Evans Speaks
6:30 p.m. FOMC Member Kaplan Speaks
ANALYST RATINGS
Piper Jaffray upgraded Best Buy Co (NYSE: BBY) from Neutral to Overweight
Wells Fargo upgraded Allscripts Healthcare (NASDAQ: MDRX) from Market Perform to Outperform
Mizuho upgraded Universal Health Service (NYSE: UHS) from Neutral to Buy
Piper Jaffray downgraded The Michaels Companies (NASDAQ: MIK) from Overweight to Neutral
JMP Securities downgraded KB Home (NYSE: KBH) from Market Outperform to Market Perform
Raymond James downgraded Sierra Wireless Inc. (NASDAQ: SWIR) from Outperform to Market Perform
This is a tool used by the Benzinga News Desk each trading day — it's a look at everything happening in the market, in five minutes. To get the full version of this note every morning, click here or email minutes@benzinga.com.
- [By Monica Gerson]
Benzinga's newsdesk monitors options activity to notice unusual patterns. These large volume (and often out of the money) trades were initially published intraday in Benzinga Professional . These trades were placed during Friday's regular session.
Texas Instruments Incorporated (NASDAQ: TXN) Fri 7/1 62.0 Puts (Wkly) Sweep: 1426 @ ASK $1.24: 1426 traded vs 0 OI: Earnings 7/27 $61.86 Ref
Allscripts Healthcare Solutions Inc (NASDAQ: MDRX) Jul16 13.0 Puts Sweep: 500 @ ASK $0.45: 500 traded vs 0 OI: Earnings 8/2 $13.07 Ref
Intel Corporation (NASDAQ: INTC) Jul16 30.0 Puts: 7500 @ ASK $0.26: 7658 traded vs 47k OI: Earnings 7/20 $32.07 Ref
Ares Capital Corporation (NASDAQ: ARCC) Dec16 16.0 Puts Sweep: 963 @ ASK $2.75: 974 traded vs 18 OI: Earnings 8/2 $14.45 Ref
LinkedIn Corp (NYSE: LNKD) Aug16 115 Puts: 600 @ ASK $4.05: 615 traded vs 386 OI: $132.12 Ref
Posted-In: Unusual Put OptionsNews Options Markets
Best Tech Stocks To Watch Right Now: Panera Bread Company(PNRA)
Advisors’ Opinion:
- [By WWW.THESTREET.COM]
Cramer wanted to talk a little psychology. With its after-hours move Tuesday, Panera Bread (PNRA) is up more than 16% this week on takeover speculation. Panera is an old Action Alerts PLUS name, one the trust sold at a nice gain, too.
- [By Billy Duberstein]
In late March, the company informed investors that after a two-year undertaking, it had finally removed all preservatives from its tortillas, making the Chipotle menu completely preservative-free. The company also called out competitors McDonald’s (NYSE: MCD) and Panera Bread (NASDAQ: PNRA) for marketing their menus as “natural,” as Chipotle insisted these other restaurants still use preservatives made in a lab.
- [By Motley Fool Staff]
In this segment fromMarket Foolery, host Chris Hill is joined by Motley Fool analystDavid Kretzmann as they break down how coffee-and-pastry focused JAB Holding Company will fit a fast casual brand into its privately held portfolio. With the acquisition, the JAB is expected to give thePanera Bread(NASDAQ:PNRA)team even more autonomy than usual.
- [By WWW.THESTREET.COM]
Then there’s Panera Bread (PNRA) , a company that had lost its way. But after interviewing Panera’s CEO Ron Shaich, Cramer learned that at its new, remodeled “Panera 2.0” stores, the lines were out the door. As the rollout continued, earnings only got stronger. Never underestimate the power of a restaurant redo, Cramer concluded.
Best Tech Stocks To Watch Right Now: Sociedad Quimica y Minera S.A.(SQM)
Advisors’ Opinion:
- [By Beth McKenna]
Most investors interested in gaining exposure to the lithium space should stick with investing in one or more of the large players listed on a major U.S. stock exchange:Albemarle Corporation(NYSE:ALB), FMC Corp. (NYSE:FMC), andSociedad Quimica y Minera de Chile(NYSE:SQM), or SQM. Smaller players are speculative to varying degrees, and most are unprofitable.
