- Google is the best of breed company in search and online advertising.
- Due to a price run up in tech/social media sector, ROI and valuations are not as favorable as in the past.
- High profitability and strong economic moats make me long term bullish on stock.
In this video, I discuss my current outlook on Google's (NASDAQ:GOOG) stock. I explain why the stock split has little impact on long term company decisions, the current valuation of Google (NASDAQ:GOOGL), and how Google remains the best of breed company in the search engine and online advertising sector.
Google still dominates the search market, but its historically high valuation makes the stock less attractive in the near term. However, I still expect Google to outperform the NASDAQ over this time period because other internet information providers are even more overvalued.
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.