Best of the Week
Most Popular
1. The Trump Stock Market Trap May Be Triggered - Barry_M_Ferguson
2.Why are Central Banks Buying Gold and Dumping Dollars? - Richard_Mills
3.US China War - Thucydides Trap and gold - Richard_Mills
4.Gold Price Trend Forcast to End September 2019 - Nadeem_Walayat
5.Money Saving Kids Gardening Growing Giant Sunflowers Summer Fun - Anika_Walayat
6.US Dollar Breakdown Begins, Gold Price to Bolt Higher - Jim_Willie_CB
7.INTEL (INTC) Stock Investing to Profit From AI Machine Learning Boom - Nadeem_Walayat
8.Will Google AI Kill Us? Man vs Machine Intelligence - N_Walayat
9.US Prepares for Currency War with China - Richard_Mills
10.Gold Price Epochal Breakout Will Not Be Negated by a Correction - Clive Maund
Last 7 days
Gold Price Trend Validation - 22nd Aug 19
Economist Lays Out the Next Step to Wonderland for the Fed - 22nd Aug 19
GCSE Exam Results Day Shock! How to Get 9 A*'s Grade 9's in England and Maths - 22nd Aug 19
KEY WEEK FOR US MARKETS, GOLD, AND OIL - Audio Analysis - 22nd Aug 19
USD/JPY, USD/CHF, GBP/USD Currency Pairs to Watch Prior to FOMC Minutes and Jackson Hole - 22nd Aug 19
Fed Too Late To Prevent US Real Estate Market Crash? - 22nd Aug 19
Retail Sector Isn’t Dead. It’s Growing and Pays 6%+ Dividends - 22nd Aug 19
FREE Access EWI's Financial Market Forecasting Service - 22nd Aug 19
Benefits of Acrobits Softphone - 22nd Aug 19
How to Protect Your Site from Bots & Spam? - 21st Aug 19
Fed Too Late To Prevent A US Housing Market Crash? - 21st Aug 19
Gold and the Cracks in the U.S., Japan and Germany’s Economic Data - 21st Aug 19
The Gold Rush of 2019 - 21st Aug 19
How to Play Interest Rates in US Real Estate - 21st Aug 19
Stocks Likely to Breakout Instead of Gold - 21st Aug 19
Top 6 Tips to Attract Followers On SoundCloud - 21st Aug 19
WAYS TO SECURE YOUR FINANCIAL FUTURE - 21st Aug 19
Holiday Nightmares - Your Caravan is Missing! - 21st Aug 19
UK House Building and House Prices Trend Forecast - 20th Aug 19
The Next Stock Market Breakdown And The Setup - 20th Aug 19
5 Ways to Save by Using a Mortgage Broker - 20th Aug 19
Is This Time Different? Predictive Power of the Yield Curve and Gold - 19th Aug 19
New Dawn for the iGaming Industry in the United States - 19th Aug 19
Gold Set to Correct but Internals Remain Bullish - 19th Aug 19
Stock Market Correction Continues - 19th Aug 19
The Number One Gold Stock Of 2019 - 19th Aug 19
The State of the Financial Union - 18th Aug 19
The Nuts and Bolts: Yield Inversion Says Recession is Coming But it May take 24 months - 18th Aug 19
Markets August 19 Turn Date is Tomorrow – Are You Ready? - 18th Aug 19
JOHNSON AND JOHNSON - JNJ for Life Extension Pharma Stocks Investing - 17th Aug 19
Negative Bond Market Yields Tell A Story Of Shifting Economic Stock Market Leadership - 17th Aug 19
Is Stock Market About to Crash? Three Charts That Suggest It’s Possible - 17th Aug 19
It’s Time For Colombia To Dump The Peso - 17th Aug 19
Gold & Silver Stand Strong amid Stock Volatility & Falling Rates - 16th Aug 19
Gold Mining Stocks Q2’19 Fundamentals - 16th Aug 19
Silver, Transports, and Dow Jones Index At Targets – What Direct Next? - 16th Aug 19
When the US Bond Market Bubble Blows Up! - 16th Aug 19
Dark days are closing in on Apple - 16th Aug 19
Precious Metals Gone Wild! Reaching Initial Targets – Now What’s Next - 16th Aug 19
US Government Is Beholden To The Fed; And Vice-Versa - 15th Aug 19
GBP vs USD Forex Pair Swings Into Focus Amid Brexit Chaos - 15th Aug 19
US Negative Interest Rates Go Mainstream - With Some Glaring Omissions - 15th Aug 19
GOLD BULL RUN TREND ANALYSIS - 15th Aug 19
US Stock Market Could Fall 12% to 25% - 15th Aug 19
A Level Exam Results School Live Reaction Shock 2019! - 15th Aug 19
It's Time to Get Serious about Silver - 15th Aug 19
The EagleFX Beginners Guide – Financial Markets - 15th Aug 19

Market Oracle FREE Newsletter

The No 1 Gold Stock for 2019

The Only Tech Stock You'll Ever Need

Companies / Google Jul 09, 2013 - 02:05 PM GMT

By: Money_Morning

Companies

Michael A. Robinson writes: When it comes to cutting-edge science that will redefine how we live and work in coming years, there's no shortage of fascinating breakthroughs.

Every week brings dozens of new developments covering everything from bionic eyes to drones the size of humming birds.


Trouble is, very few offer actual opportunities to make money right now, today.

But there is one big-cap juggernaut that provides stock profits to its shareholders while it's busy inventing the tech of the future. And it isn't satisfied pigeon-holed into one specific sector but has its sights set on so many diverse industries (or tech that will affect numerous industries) it's like buying a stock that's an exchange-traded fund (ETF).

Unlike many tech leaders, it isn't sitting on its laurels and market dominance. It's actively looking into cutting-edge sectors to advance its brand. What's more it's product pipeline is blazingly fast and efficient.

We're talking intriguing rollouts in new fields like:

  1. Augmented human intelligence
  2. Wearable computers
  3. Robotic cars
  4. Machine learning and communication
  5. Advanced optical networking

In other words, you have to look at this stock like it were a "Future Tech ETF."

The Future Is Now

But enough about what's to come.

In the here and now, the stock is poised to gain roughly 50% by the end of 2015, and that's on the heels of a two-year run of 70% gains.

I'm talking about Google Inc. (Nasdaq:GOOG).

Here's the thing. The founders of Google are nothing if not visionary leaders with solid business chops. They want to move far beyond search results and advertising and Android and tablets and operating systems and social networks to become the company of the future.

In fact, Google already ranks as a leader in one of the hottest -- and most profitable -- tech fields today and one that will dominate the next decade: mobile computing.

Consider that its Android mobile operating system now ranks first, greatly outselling the iPhone from Apple Inc. (Nasdaq:AAPL).

The market research firm Gartner predicts the number of Android devices (mostly smart phones) will roughly double by the end of next year to 1.06 billion. That compares with roughly 506 million sold last year.

This is a high margin business in which Google licenses the software and then sells mobile ads.

No wonder Google is such a cash machine. With a market cap of $292 billion, it generates nearly $11 billion in free cash flow a year.

That's a lot of cash. What's more, it has bold plans for all that cash...

Vision and Capital

Take the way Google intends to bring mobile broadband internet to the developing world in the very near future.

To do so, Google intends to hoist a number of high-altitude helium balloons in remote, unwired stretches of the world, such as in portions of Africa and Asia. It's already begun field tests. The helium balloons contain special devices that beam broadband Web signals picked up by special antennas back on the ground.

Google is exploring how to take similar technology and put it in satellites. That would literally allow it to beam Web signals to every corner of the earth, ensuring even more Android sales.

In the U.S., the Silicon Valley giant is rolling out the next generation of high-speed Internet. Called Google Fiber, the technology relies on fiber optic cables and advanced optical networking gear.

Together they deliver Web speeds of a blazing 1 gigabit per second. That's roughly 100 times faster than what's on the market today.

But Google wants to become more than a high-speed Internet service provider. It sees its fiber initiative, now centered around the Kansas City area, as a portal into living rooms throughout the U.S. The firm is pushing its ability to provide Hi Def TV as part of its Web bundle.

Meantime, the Bay Area where I live is abuzz with stories and rumors about another Google next-gen project -- robotic cars.

These are the perfect autos for the aging of America (and Japan and Europe). In the very near future, people will routinely live to be 100. Of course, they will want to maintain their independence, which puts car ownership front and center.

Robotic cars won't just avoid accidents, they'll also park themselves.

Beyond the cool factor lies a crucial type of tech that will redefine the future. These self-driving autos rely on advanced artificial intelligence.

Make no mistake about it, Google is all about AI, as it's known in tech circles.

Google X

The firm hired renowned futurist Ray Kurzweil last December. Kurzweil is one of the world's foremost AI experts.

Not only that, but he is considered the "father of the singularity," a point in the future in which man and machine become intertwined. The big benefit to people, Kurzweil says, is having their IQs dramatically increased.

At Google, Kurzweil is supposed to play a major role in the commercial world of the immediate future. He's heading up machine learning and speech recognition, areas vital to a world in which billions of machines will connect to each other wirelessly.

The firm has many more cutting-edge projects at work. But they're a secret. They're part of the highly guarded Google X program, basically a "skunk works" for advanced engineering concepts.

Outsiders don't know the exact details. But we do know that Google X is teaming with some of the world's top AI, robotics and machine learning experts.

Beyond The Cool

And then there's the product that's giving Google its biggest buzz...

Google Glass puts the power of a smart phone inside a pair of eyeglasses. They're like "heads up displays" for military pilots but designed for average people. The spectacles take photos and videos, send and receive text messages, surf the Web and display maps in augmented reality.

Now Glass itself may never become a major consumer success. But the tech is something that will have a broad impact on several commercial areas.

Just think of how more efficient doctors and nurses could be if they had computers inside their glasses. Ditto for delivery personnel or for people working in logistics and supply chain management, from ports to remote rail terminals.

Clearly, the company sees these sectors as new sources of profits, an area where Google really shines. It has grown earnings per share over the last three years at 19% a year.

At that rate, it should earn roughly $55.35 a share by the end of 2015. If the stock still trades at roughly 25 times earnings, that would mean a price of $1,383 a share, an increase of more than 50% from the current $881.

Add it all up, and it's obvious Google is a stock that not only gives you the opportunity for investment profits but it's also a great play on the exciting future of all things tech. An ETF wrapped up in a single stock.

Legendary investor George Soros has increased his Google holdings. Check it out.

Source :http://moneymorning.com/2013/07/09/the-only-tech-stock-youll-ever-need/

Money Morning/The Money Map Report

©2013 Monument Street Publishing. All Rights Reserved. Protected by copyright laws of the United States and international treaties. Any reproduction, copying, or redistribution (electronic or otherwise, including on the world wide web), of content from this website, in whole or in part, is strictly prohibited without the express written permission of Monument Street Publishing. 105 West Monument Street, Baltimore MD 21201, Email: customerservice@moneymorning.com

Disclaimer: Nothing published by Money Morning should be considered personalized investment advice. Although our employees may answer your general customer service questions, they are not licensed under securities laws to address your particular investment situation. No communication by our employees to you should be deemed as personalized investent advice. We expressly forbid our writers from having a financial interest in any security recommended to our readers. All of our employees and agents must wait 24 hours after on-line publication, or after the mailing of printed-only publication prior to following an initial recommendation. Any investments recommended by Money Morning should be made only after consulting with your investment advisor and only after reviewing the prospectus or financial statements of the company.

Money Morning Archive

© 2005-2019 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.


Post Comment

Only logged in users are allowed to post comments. Register/ Log in

6 Critical Money Making Rules