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Google Joins The Trillion-Dollar Club: Who's Next?
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Alphabet, aka Google (GOOGL - Free Report) , just became the 3rd publicly traded US company to reach $1 trillion market capitalization. Apple (AAPL - Free Report) was the first to hit it in August of 2018, then Microsoft (MSFT - Free Report) in April of 2019, and today its Google. Who will be next to join the Trillion-Dollar Club (TDC)?
Amazon (AMZN)
There are a few companies that fit the pitch, but based on current valuations, Amazon (AMZN - Free Report) looks to be the closest to hitting the $1 trillion valuation. The stock has traded right up to this mark but has yet to pass it. AMZN traded sideways through much of 2019 with 2 EPS misses not helping the share price.
Amazon controls the growing ecommerce market as well as the cloud computing space. Both spaces have a massive growth outlook, and Amazon stands to gain the most. December quarter earnings are coming up on January 30th, and this may be just the catalyst it needs. It will only take another 7.5% boost for AMZN to join its cohorts in the Trillion-Dollar Club.
Facebook and Alibaba (BABA - Free Report) are next on the list of potential TDC members.
Facebook
Facebook is the largest social media company in the world. 2.2 billion people around the globe use one of Facebook’s family of services daily. At the same time, 2.8 billion utilize one of these at least once a month, whether it be Instagram, WhatsApp, Messenger, or Facebook. That means that 36% of the world population uses one of FB’s platforms monthly, and more than 28% use one of these daily.
It is safe to say that Facebook has a firm grip on the social media market. The company will continue expanding its businesses to digitalizing economies like Southeast Asia and Africa, as well as further monetize its current users. Facebook is also at the forefront of virtual reality (VR) with its Oculus acquisition. This company will continue broadening its reach with investments in its core competencies and strategic acquisitions. It will not be long before FB hits $1 trillion.
The Amazon of the East has been largerly overlooked by investors because of the US-China trade conflict's implications. Alibaba controls the ecommerce market as well as the cloud computing space in the world’s second-largest economy (by GDP).
Alibaba, when compared to Amazon, is trading at a substantial discount. The firm not only sports wider margins and a larger growth outlook, but it is actually more profitable than Amazon. BABA is well on its way to the Trillion-Dollar Club.
$1 trillion is an incomprehensible amount of money. There is less than $1.5 trillion circulating in the US today, and if you want to visualize this amount of cash, think of a Walmart (WMT - Free Report) filled completely with double-stacked pallets of $100 bills. The companies that make it to this size are too big to fail or get acquired. These tech giants will continue to consume smaller firms and expand their product offerings until the SEC or FTC breaks them up.
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Image: Bigstock
Google Joins The Trillion-Dollar Club: Who's Next?
Alphabet, aka Google (GOOGL - Free Report) , just became the 3rd publicly traded US company to reach $1 trillion market capitalization. Apple (AAPL - Free Report) was the first to hit it in August of 2018, then Microsoft (MSFT - Free Report) in April of 2019, and today its Google. Who will be next to join the Trillion-Dollar Club (TDC)?
Amazon (AMZN)
There are a few companies that fit the pitch, but based on current valuations, Amazon (AMZN - Free Report) looks to be the closest to hitting the $1 trillion valuation. The stock has traded right up to this mark but has yet to pass it. AMZN traded sideways through much of 2019 with 2 EPS misses not helping the share price.
Amazon controls the growing ecommerce market as well as the cloud computing space. Both spaces have a massive growth outlook, and Amazon stands to gain the most. December quarter earnings are coming up on January 30th, and this may be just the catalyst it needs. It will only take another 7.5% boost for AMZN to join its cohorts in the Trillion-Dollar Club.
Amazon.com, Inc. Market Cap
Amazon.com, Inc. market-cap | Amazon.com, Inc. Quote
Facebook and Alibaba (BABA - Free Report) are next on the list of potential TDC members.
Facebook
Facebook is the largest social media company in the world. 2.2 billion people around the globe use one of Facebook’s family of services daily. At the same time, 2.8 billion utilize one of these at least once a month, whether it be Instagram, WhatsApp, Messenger, or Facebook. That means that 36% of the world population uses one of FB’s platforms monthly, and more than 28% use one of these daily.
It is safe to say that Facebook has a firm grip on the social media market. The company will continue expanding its businesses to digitalizing economies like Southeast Asia and Africa, as well as further monetize its current users. Facebook is also at the forefront of virtual reality (VR) with its Oculus acquisition. This company will continue broadening its reach with investments in its core competencies and strategic acquisitions. It will not be long before FB hits $1 trillion.
Facebook, Inc. Market Cap
Facebook, Inc. market-cap | Facebook, Inc. Quote
Alibaba (BABA - Free Report)
The Amazon of the East has been largerly overlooked by investors because of the US-China trade conflict's implications. Alibaba controls the ecommerce market as well as the cloud computing space in the world’s second-largest economy (by GDP).
Alibaba, when compared to Amazon, is trading at a substantial discount. The firm not only sports wider margins and a larger growth outlook, but it is actually more profitable than Amazon. BABA is well on its way to the Trillion-Dollar Club.
Alibaba Group Holding Limited Market Cap
Alibaba Group Holding Limited market-cap | Alibaba Group Holding Limited Quote
Take Away
$1 trillion is an incomprehensible amount of money. There is less than $1.5 trillion circulating in the US today, and if you want to visualize this amount of cash, think of a Walmart (WMT - Free Report) filled completely with double-stacked pallets of $100 bills. The companies that make it to this size are too big to fail or get acquired. These tech giants will continue to consume smaller firms and expand their product offerings until the SEC or FTC breaks them up.
Breakout Biotech Stocks with Triple-Digit Profit Potential
The biotech sector is projected to surge beyond $775 billion by 2024 as scientists develop treatments for thousands of diseases. They’re also finding ways to edit the human genome to literally erase our vulnerability to these diseases.
Zacks has just released Century of Biology: 7 Biotech Stocks to Buy Right Now to help investors profit from 7 stocks poised for outperformance. Our recent biotech recommendations have produced gains of +98%, +119% and +164% in as little as 1 month. The stocks in this report could perform even better.
See these 7 breakthrough stocks now>>