Google, which is now owned by Alphabet Holding, has many partners from various fields of activity. So, the technology giant is working with Nissan and other automakers to develop and launch its own Android-based infotainment system. And Google Assistant already works with more than 5 thousand models of smart home devices. And all these are products of different partner brands.
We can say that Google scatters offers of cooperation with large companies right and left. More recently, agreements have been made with Nissan, Renault and Mitsubishi. The company’s efforts spur the success of other giants of e-commerce and technology products – Amazon and Apple.
Google is such a solid brand that it has the right to make mistakes and daring experiments. This is a typical blue chip, whose shareholders do not doubt the stability of assets. It makes sense to assume that the company has a positive effect on its partners, increasing their turnover and profits. This article lists 6 companies whose shares are likely to benefit from working with Google and strengthen their position..
[Note: Stock prices and indicators in the article are indicated at the time of publication. You can see the current stock prices in a special widget at the end of the text. Before buying stocks, always do your own analysis. Investing money carries the risk of losing it. This article was published for review, not a call to purchase.]
1. Nissan [OTC: NSANY]
• Stock Price: $ 19.36
Google and Nissan are collaborating in the implementation of the Google Android operating system in cars. It is planned that the software will be used for intelligent infotainment systems. The first machines equipped with this know-how are planned to be put on sale by 2021..
According to the Zacks Analytical Center, as of April 2018, Nissan shares are on the 8th line in the list of the most expensive automotive shares. This is a very high position, and cooperation with Google can be a decisive factor in the rise to the top places in the ranking. Already, Nissan is worth exploring and considering as a long-term asset..
2. Volkswagen [OTC: VWAGY]
• Stock Price: $ 17.41
In November 2017, Google and the Volkswagen Group announced a partnership in the study of quantum computers. The planned research and development is necessary to advance three key positions in Volkswagen’s business:
• Development of a solution to optimize traffic.
• Modeling and optimization of products and technologies in areas such as high-performance batteries for electric vehicles.
• Development of artificial intelligence learning opportunities.
Volkswagen has experienced a number of difficulties in the past, such as the 2015 air pollution scandal. Despite this, the company strives to become the world leader in the electric vehicle industry. Already in 2022 it is planned to launch mass production.
3. T-Mobile [NASDAQ: TMUS]
• Stock Price: $ 69.45
The joint development of Google and T-Mobile is aimed at improving the work of rescue and emergency services. Companies are creating technologies and tools for (and with) collecting big data from Android mobile devices. And, indeed, the tech giant’s bosom is very warm – in the last six months, T-Mobile shares have bypassed the industry average and achieved an increase of 7.9%.
The papers of the company were not prevented by the recent noise about the leak of user data, which rose in August. Zacks Analytical Center recommends keeping TMUS with you, as it is now an industry leader.
4. Lenovo [OTC: LNVGY]
• Stock Price: $ 13.49
This year, Lenovo and Alphabet Holding announced the joint release of the first “smart” display Google Assistant. Its functionality is similar to the Echo Show that Amazon made. The device was released in late July, when LNVGY was at $ 11 per share. And throughout September, the price does not fall below $ 13. In favor of the company speak growing indicators of income and profits.
5. Walmart [NYSE: WMT]
• Stock Price: $ 95.10
In 2017, in an effort to preserve its face in competition with the ubiquitous Amazon, Google and Walmart teamed up. The union’s goal is to make Walmart products more accessible to consumers through the Google Express Delivery Service.
At the beginning of 2018, Google announced another strategic step in the fight against Amazon – Shopping Actions. This is a search engine add-on that offers products from major retailers like Walmart in response to queries like “Where can I buy …”.
According to the financial statements of Walmart for the second quarter, the company’s shares strengthened by 9.4%. And that means promotion works. What is no reason to add the brand to the list of potential assets for the portfolio?
6. Logitech [NASDAQ: LOGI]
• Stock Price: $ 45.43
Users of Logitech Harmony Universal Home Remotes use the full Google Assistant voice functionality. And this is also the result of Google’s desperate pursuit of Amazon.
Partnership with Alphabet Holding is not the only reason Logitech is successful. The company maintains the image of one of the leading innovators in the production of keyboards and computer mice. She regularly releases new ergonomic models. Zacks analysis says LOGI is worth the purchase right now.
In addition to Logitech products, Google’s assistant is now used in more than 5 thousand different “smart” devices from dozens of manufacturers.
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Can you please provide me with the names of the Alphabet Holding partners that are worth investing in? I am interested in exploring potential investment opportunities and would appreciate any insights or recommendations you could provide in this regard. Thank you in advance for your assistance!