Google (GOOGL) has established a dominant position in Internet search, but the company’s future growth could hinge on other developing businesses like self-driving cars and drones.
Daniel Beckerman, the president of Beckerman Institutional who manages the Asset Allocation portfolio, recently appeared on TheStreet.com to discuss his bullish thesis on Google shares.
Continue Reading Below
Aside from search, the businesses the company has acquired or built itself include YouTube, the Chrome browser, Android and Google Play. Google is now developing self-driving cars and a potential drone delivery service, and the company could grow by further monetizing its assets, Beckerman said.
You can watch the full interview with Beckerman below:
DISCLAIMER:��The investments discussed are held in client accounts as of August 31, 2014. These investments may or may not be currently held in client accounts. The reader should not assume that any investments identified were or will be profitable or that any investment recommendations or investment decisions we make in the future will be profitable.��Past performance is no guarantee of future results.
The post Drones and self-driving cars could fuel Google stock appeared first on Smarter InvestingCovestor Ltd. is a registered investment advisor. Covestor licenses investment strategies from its Model Managers to establish investment models. The commentary here is provided as general and impersonal information and should not be construed as recommendations or advice. Information from Model Managers and third-party sources deemed to be reliable but not guaranteed. Past performance is no guarantee of future results. Transaction histories for Covestor models available upon request. Additional important disclosures available at http://site.covestor.com/help/disclosures.