In this morning’s Get Real market newsletter, we saw that Google acquired Pointy and AppSheet, Facebook made a decision on WhatsApp, more earnings are coming, and Bezo visits India.
Google’s latest acquisitions
Last week, Google (NASDAQ:GOOGL) announced that it acquired two technology startups—Pointy and AppSheet. Pointy will strengthen Google’s commerce services business. Meanwhile, AppSheet can make Google’s cloud service more attractive to enterprise customers.
Struggle continues for Facebook and WhatsApp
Delay for Canopy Growth’s infused beverages
On December 6, 2019, Canopy Growth (NYSE:CGC) said that it would introduce some cannabis-infused beverages in early January 2020. However, there will be a delay due to an issue in the scaling process. The company only had seven weeks to scale its products from lab to commercial scale.
Bezos learns valuable lessons during India visit
Amazon (NASDAQ:AMZN) CEO Jeff Bezos arrived in India on January 14 for his latest visit. Despite announcing Amazon’s plan to create 1 million jobs in India by 2025, he got a mixed reception. Bezos learned important lessons during his trip, which will help him tackle Amazon’s weaknesses and capitalize on growth opportunities in India.
What to watch for
Highlights for investors before Netflix’s earnings
Netflix (NASDAQ:NFLX) is scheduled to report its fourth-quarter earnings today. The company stumbled in the past two quarters. How will Netflix perform amid the competition with Apple and Disney?
Intel’s upcoming Q4 results
Intel is scheduled to report its fourth-quarter results after the closing bell on Thursday. Analysts expect Intel to post sales of $19.2 billion in the fourth quarter—a rise of 3.0% YoY. Among the 43 analysts covering Intel stock, 15 have a “buy” rating, 19 have a “hold” rating, and nine have a “sell” rating.
Is U.S. Steel stock a ‘buy’ before Q4 earnings?
So far in 2020, U.S. Steel stock has fallen 8% as of January 17. The Chinese economy bottoming out and phase one of the US-China trade deal should help steel prices. Overall, U.S. Steel looks attractive with a reasonable valuation.