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The US Department of Justice along with almost a dozen US states filed an anti-monopoly lawsuit against Google. The issues is that the US search market almost entirely consists of Google – Alphabet’s subsidiary takes almost 90% of it.
The question is: has this issue just now been discovered? No. It’s been there for years.
The next question is: how does it affect the stock? Pretty much in no way. So far, at least.
The stock went down from its all-time high of $1 730 reached in in very beginning of September to $1 400 visited two weeks later. Since then, it been going but upwards, currently trading around $1 600. As you can see from the chart, the inclination of trajectories before and after the all-time high are almost the same: that means, the stock is not experiencing any fundamental change to its normal rising trajectory. And the lawsuit hasn’t effect that in any way neither – the price appears to be pretty indifferent to what the US Department of Justice is doing right now. Very probably, if and once it comes to actual measures like fines or activity restrictions slapped at Google, the stock price will tremble. Maybe even, the stock will lose value and shift to lower-pace rising if Google will have to face lower market share as a results of the DOJ activities. But all that is just still too far away and to dubious to speculate on. So far, it’s going up as usual, and there seems to be little stopping to it.
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Every year in early autumn Apple holds its event where it presents new iPhones, Apple Watches, and iPads. This year wasn’t an exclusion. But yesterday’s presentation didn’t result in Apple stock growth, and here’s why.
Richard Branson offloaded nearly 10 million shares, which equals about 4% of the Virgin Galactic stock, leaving him with an 18% stake.
Today at 00:00 GMT+3 SPCE will present the second quarter 2021 financial results. We will get to know everything about the company's financial condition and plans.
Main news that will drive the market in the upcoming week include CB Consumer Confidence Index, Canadian GDP, and US Core PCE Price Index
The Federal Reserve (Fed) will announce its Interest Rate Decision and make a statement about the future monetary policy on Wednesday, September 21, GMT+3. After the higher-than-expected inflation numbers published on September 13, there’s almost no doubt the Federal Reserve will come up with another 75-basis-point rate hike. However, surprised by the CPI numbers, several Fed members announced the possibility of a 100-basis-point rate hike on Wednesday.
Every week we expect many interesting events that can shake the market.
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