Dark pool activity was detected in GOOG stock on January 13, 2020.

The dark pool activity looks like buying because of how GOOG stock bounced back up to the day’s high immediately following the dark pool trades.

Google Cloud (GOOG, GOOGL) and Lowe’s (LOW) announced the two companies are expanding their work together “to create a best-in-class technology foundation to help Lowe’s deliver exceptional customer experiences and empower store associates with tools to better serve customers, regardless of how they shop.”

This technology foundation for the home improvement company includes new investments toward modernizing Lowes’ e-commerce, merchandising, supply chain management, and pricing systems-ultimately providing a more fluid, “channel-less” customer experience spanning from product discovery to return visits.

Lowe’s is in the early stages of a large-scale, multiyear technology transformation, investing more than $500 million annually through 2021 and hiring up to 2,000 engineers to continue to build out future retail experiences.

“We are making substantial investments in technology to modernize our platforms and advance our digital capabilities to better serve customer needs and deliver the best service and value across every channel,” said Seemantini Godbole, executive vice president and chief information officer of Lowe’s. “Partners like Google Cloud provide the innovative tools and support we need to execute our digital transformation.”

Evercore ISI analyst Benjamin Black raised his price target on Alphabet to $1,600 and kept his Outperform rating, saying the company should continue to “compound” on its dominance in Search and video advertising, but does not expect its Cloud business to see a positive inflection. The analyst is basing his new price target on the 25-times expected earnings estimate for 2021.

On January 10, 2020, Google Cloud (GOOG, GOOGL) announced that Wayfair (W) is using Google Cloud as the foundation for its new hybrid cloud strategy. Wayfair debuted its hybrid cloud strategy earlier this year, partnering with Google Cloud to handle the burst capacity needed to run Way Day. Wayfair now uses several different Google Cloud solutions, including compute, storage, and networking, data and analytics, and G Suite productivity tools.

Also on January 10, 2020, Bernstein analyst Mark Shmulik initiated coverage of Alphabet with an Outperform rating and $1,600 price target as part of a broader initiation of the U.S. Internet sector with a generally positive outlook. Shmulik tells investors that he believes YouTube has the most revenue acceleration in the near-team accounting for ~25% of net new revenues in the next two years, while Maps and Images have greater ad monetization headroom than the market accounts for, and positions Alphabet well to capitalize on the hyper-growth of specialized, functional searches in the mid-to-long term. The analyst says his revenue forecast is 2%-6% above consensus over the next 3 years, primarily driven by continued growth in the ad business, even as he remains on the sidelines regarding Alphabet’s ability to grow non-ad businesses given recent leadership changes.

On January 6, 2020, Pivotal Research upgraded GOOG stock to a Buy rating with a price target of $1,650, up from $1,445, on the belief shares will outperform the other large cap Internet names in 2020 as estimates move higher. He sees “multiple ways” for shareholders “to get paid” under new CEO Pichai Sundararajan and is “encouraged by the durability” of Google’s revenue growth despite no real contribution from Google Discover ads. The latter “could be needle moving” in 2020, contends Levine.

On January 2, 2020, A study found that an artificial intelligence system from Google’s DeepMind AI was as good as radiologists at detecting breast cancer and also showed promise in reducing detection errors, Reuters’ Julie Steenhuysen reports, citing the study that was published in the scientific journal “Nature.” Mozziyar Etemadi, one of the co-authors from Northwestern Medicine in Chicago, says the findings of the study represent a major advance in the potential for the early detection of breast cancer. The study showed the AI system could identify cancers with a similar degree of accuracy to expert radiologists, while reducing the number of false positive results by 5.7% in the U.S.-based group and by 1.2% in the British-based group, according to the report.

finviz dynamic chart for  goog
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