Today’s Research Reports on Stocks to Watch: Box Inc. and Alphabet

NEW YORK, NY / ACCESSWIRE / April 24, 2018 / Shares of Box were soaring in Monday’s trading session after CEO of Social Capital Chamath Palihapitiya had some nice words to say about the company at the Sohn Investment Conference. Shares of the parent company of Google, Alphabet, saw its shares drop slightly despite a strong quarterly report being announced.

RDI Initiates Coverage on:

Box, Inc.
https://www.rdinvesting.com/report/?ticker=BOX

Alphabet Inc.
https://www.rdinvesting.com/report/?ticker=GOOGL

Box, Inc. shares closed up nearly 11% on Monday on almost 30 million shares traded. The big gains came after the cloud content management specialist was talked about highly by hedge fund manager Chamath Palihapitiya of Social Capital called the company a “really interesting disruptive company.” Palihapitiya also said that the stock was “incredibly cheap and undervalued.” Speaking at the Sohn Investment Conference today, the CEO said that Box “sits on top of an enormous amount of R&D,” most especially in the artificial intelligence (AI) space. “It’s really critical to understand what AI is, what it can do, what it can’t do, and who is actually positioned to create incredibly value over the next 10 to 20 years,” he also remarked. He also said, “If you believe in and if you care about A.I. [Artificial Intelligence] and its role in the world, be long Amazon (AMZN.O), be long Google (GOOGL.O), but be long Box.”

Access RDI’s Box, Inc. Research Report at:
https://www.rdinvesting.com/report/?ticker=BOX

Alphabet Inc. shares closed down a modest 0.33% yesterday on roughly 2.6 million shares traded. Though the stock closed in the red, the parent company of Google reported a solid first quarter with revenue growing 26% YOY. Revenue for the period grew to $31.16 billion. Analysts had been expecting revenue of $30.36 billion. Earnings per share at $9.93 was also ahead of the $9.28 that analysts had been calling for. According to analyst Ivan Feinseth of Tigress Financial Partners, “The strong economy has companies spending more on advertising and we have an ongoing migration from traditional types of media advertising to greater online and social media-based advertising. Google continues to dominate both mobile and desktop search.” Google’s CEO Sundar Pichai had said on Monday, “It’s important to understand that most of our ad business is search, where we rely on very limited information, essentially what is in the keywords to show a relevant ad.” Another analyst, James Cordwell of Atlantic Equities remarked, “Alphabet is investing to keep pace with Amazon.com Inc and having to share more of its revenue with phone and browser makers. The jump in profits is purely due to one-time items.”

Access RDI’s Alphabet Inc. Research Report at:
https://www.rdinvesting.com/report/?ticker=GOOGL

Our Actionable Research on Box, Inc. (NYSE: BOX) and Alphabet Inc. (NASDAQ: GOOGL) can be downloaded free of charge at Research Driven Investing.

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