Keeping pace with efforts to make life easier for users, Alphabet Inc.’s (GOOGL - Free Report) division, Google recently added a new feature to Google Maps in order to help users travel safely during the ongoing pandemic by identifying COVID-19 hot zones.
The new feature, COVID-19 layer button menu, is available on the map. This button enables a user to know the spread of the virus in a particular area.
The user will be able to see a seven-day average of new coronavirus cases per 100,000 people for a particular area. In addition, the new Color coding tool will help them distinguish the density of new cases in the selected area.
These results will help them to know whether the cases in the area are increasing or decreasing, allowing them to take proper safety measures.
The recent move comes at an opportune time for Google, when several countries worldwide including the United States are reeling under apprehensions regarding the second wave of COVID-19, which is aggravating the ongoing health crisis.
Moreover, such move is likely to add strength to the company’s business.
Combating Competition
With Google taking interest in the transportation segment, competition has further heated up in this segment. As of now, the case data will be available for 220 supported countries. These data are taken from authoritative sources like Johns Hopkins University, the New York Times and Wikipedia.
This recent move should further cement its dominance in the navigation industry over Apple (AAPL - Free Report) and help it to scoop up a higher market share, thereby benefiting the company’s financials.
It will further boost investors’ confidence in the stock, which has outperformed the S&P 500 on a year-to-date basis.
Alphabet’s shares have returned 8.9% in the past 12 months compared with the S&P 500's growth of 2.4%.
Google’s Growing Efforts
Google is leaving no stone unturned to fortify presence on the back of innovative technologies. The company’s innovative efforts to improvise Google Maps will continue to benefit its market share.
Per a recent research report, Google Maps is by far the most popular navigation app. Nearly 70% of smartphone owners use Google Maps most frequently. With the introduction of new and innovative features in the same, it is set to maintain its leading position.
Google Maps, which is immensely popular and widely used all over the world, will enhance the company’s services portfolio owing to the above-mentioned update.
Zacks Rank and Stocks to Consider
Currently, Alphabet carries a Zacks Rank #3 (Hold). Some better-ranked stocks in the broader technology sector include Dropbox (DBX - Free Report) and Etsy, Inc. (ETSY - Free Report) , each carrying a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Long-term earnings growth rate for Dropbox and Etsy is pegged at 34.4% and 28.5%, respectively.
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Zacks Names "Single Best Pick to Double"
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It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Keeping pace with efforts to make life easier for users, Alphabet Inc.’s (GOOGL - Free Report) division, Google recently added a new feature to Google Maps in order to help users travel safely during the ongoing pandemic by identifying COVID-19 hot zones.
The new feature, COVID-19 layer button menu, is available on the map. This button enables a user to know the spread of the virus in a particular area.
The user will be able to see a seven-day average of new coronavirus cases per 100,000 people for a particular area. In addition, the new Color coding tool will help them distinguish the density of new cases in the selected area.
These results will help them to know whether the cases in the area are increasing or decreasing, allowing them to take proper safety measures.
The recent move comes at an opportune time for Google, when several countries worldwide including the United States are reeling under apprehensions regarding the second wave of COVID-19, which is aggravating the ongoing health crisis.
Moreover, such move is likely to add strength to the company’s business.
Combating Competition
With Google taking interest in the transportation segment, competition has further heated up in this segment. As of now, the case data will be available for 220 supported countries. These data are taken from authoritative sources like Johns Hopkins University, the New York Times and Wikipedia.
This recent move should further cement its dominance in the navigation industry over Apple (AAPL - Free Report) and help it to scoop up a higher market share, thereby benefiting the company’s financials.
It will further boost investors’ confidence in the stock, which has outperformed the S&P 500 on a year-to-date basis.
Alphabet’s shares have returned 8.9% in the past 12 months compared with the S&P 500's growth of 2.4%.
Google’s Growing Efforts
Google is leaving no stone unturned to fortify presence on the back of innovative technologies. The company’s innovative efforts to improvise Google Maps will continue to benefit its market share.
Per a recent research report, Google Maps is by far the most popular navigation app. Nearly 70% of smartphone owners use Google Maps most frequently. With the introduction of new and innovative features in the same, it is set to maintain its leading position.
Google Maps, which is immensely popular and widely used all over the world, will enhance the company’s services portfolio owing to the above-mentioned update.
Zacks Rank and Stocks to Consider
Currently, Alphabet carries a Zacks Rank #3 (Hold). Some better-ranked stocks in the broader technology sector include Dropbox (DBX - Free Report) and Etsy, Inc. (ETSY - Free Report) , each carrying a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Long-term earnings growth rate for Dropbox and Etsy is pegged at 34.4% and 28.5%, respectively.
Just Released: Zacks’ 7 Best Stocks for Today
Experts extracted 7 stocks from the list of 220 Zacks Rank #1 Strong Buys that has beaten the market more than 2X over with a stunning average gain of +24.3% per year.
These 7 were selected because of their superior potential for immediate breakout.
See these time-sensitive tickers now >>
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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