The Zacks Analyst Blog Highlights: Google, Facebook, Amazon and Netflix

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For Immediate Release

Chicago, IL -October 18, 2018 - Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: GoogleGOOGL , Facebook, Inc.FB , Amazon.com, Inc.AMZN and Netflix, Inc.NFLX .

Here are highlights from Wednesday's Analyst Blog:

Is Google Returning to China with a Censored Search Engine?

On Oct 14, Google CEO Sundar Pichai acknowledged the company's plans of launching a censored search app for China. However, Google is still considering whether to launch a censored version of its search engine in China. The company's plans to return to China, a market it abandoned over censorship issues eight years ago, were first reported in August.

Although Google's core services, Google Search, Gmail and YouTube, remain blocked in China, the company is involved in providing digital tools and support to large a number of Chinese app developers and manufacturers, mobile companies and advertisers, who want to reach out to their global customers.

However, Pichai said that the plan was in "very early" stages and may not progress. That said, there are challenges aplenty for Google in China, which the company needs to overcome. Moreover, the news comes at a time when tech and Internet companies are being punished by investors amid renewed concerns over user data privacy and security.

Can Google Return to China?

On Oct 14, Pichai acknowledged Google's leaked plans of creating a censored search app for China. He said that the censored search app could serve over "99% of queries". However, Pichai also said that the plan was in very early stages and may not take off. That Google was trying to make a possible return to China was reported initially in August. The proposal had drawn criticism from employees.

The company also publicly confirmed the existence of such a project during a Senate committee hearing in late September. Although Google's core services, Google Search, Gmail and YouTube remain blocked in China, the company has played a key role in supporting local tech companies. Google provides digital tools and support to a large number of Chinese app manufacturers, developers and advertisers, who want to reach out to global customers.

The search engine giant decided to pull out of China in 2010 over censorship issues. However, it has been providing its digital services and tools to many local companies. 

Bigger Challenges for Google

Pichai's comments come at a time when tech and Internet giants are reeling under pressure of a trade war. Moreover, renewed concerns over user data privacy and security after breaches and vulnerabilities by the likes of Facebook, Inc. and Google are also affecting tech companies. This has seen tech companies led by the FANG stocks, which include, Facebook, Amazon.com, Inc., Netflix, Inc. and Google, taking a beating in recent times

In fact, on Oct 8, Google announced that it will be shutting down its Google+ social network. The decision comes after The Wall Street Journal on Oct 8 reported that the company did not disclose that private data of hundreds of thousands of users of Google+ was potentially exposed due to a bug from 2015.

Concerns of a regulatory clampdown on how tech and Internet companies handle user data, has been looming large on a number of companies. A regulatory clampdown means restricted use or ad-free paid service, which will weigh on the companies as they tend to lose users, who can't afford pair service.

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Past performance is no guarantee of future results. Inherent in any investment is the potential for loss . This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit http://www.zacks.com/performance  for information about the performance numbers displayed in this press release.

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Netflix, Inc. (NFLX): Free Stock Analysis Report

Amazon.com, Inc. (AMZN): Free Stock Analysis Report

Facebook, Inc. (FB): Free Stock Analysis Report

Alphabet Inc. (GOOGL): Free Stock Analysis Report

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

This article appears in: Investing , Stocks
Referenced Symbols: NFLX , AMZN , FB , GOOGL

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