Alphabet stock rises after BMO upgrade

BMO Capital Markets analyst Daniel Salmon upgraded Alphabet Inc. shares /zigman2/quotes/202490156/composite GOOGL +0.39% /zigman2/quotes/205453964/composite GOOG +0.59% to outperform from market perform on Monday, writing that he expects mega-cap internet companies to be popular when the economy rebounds. Salmon prefers Alphabet's stock to Facebook Inc.'s /zigman2/quotes/205064656/composite FB -0.28% as the Google parent company has greater exposure to large businesses, whereas smaller enterprises will likely feel the effects of the COVID-19 outbreak more strongly. He also argued that Alphabet's YouTube subscription offerings should see benefit from lockdowns. Salmon still prefers Amazon.com Inc.'s stock /zigman2/quotes/210331248/composite AMZN +2.11% over Alphabet's, writing that he expects the e-commerce giant's advertising business to be more resilient during the pandemic. Alphabet shares up up 0.6% in premarket trading Monday. The stock has dropped 17% over the past month as the S&P 500 /zigman2/quotes/210599714/realtime SPX +0.64% has declined 14%.

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Alphabet Inc. Cl A

US : U.S.: Nasdaq

$ 1,479.09

+5.79 +0.39%

Volume: 1.46M

Aug. 5, 2020 4:00p

P/E Ratio

32.99

Dividend Yield

N/A

Market Cap

$999.82 billion

Rev. per Employee

$1.39M

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Alphabet Inc. Cl C

US : U.S.: Nasdaq

$ 1,473.61

+8.64 +0.59%

Volume: 1.98M

Aug. 5, 2020 4:00p

P/E Ratio

32.87

Dividend Yield

N/A

Market Cap

$999.82 billion

Rev. per Employee

$1.39M

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Facebook Inc. Cl A

US : U.S.: Nasdaq

$ 249.12

-0.71 -0.28%

Volume: 13.09M

Aug. 5, 2020 4:00p

P/E Ratio

30.43

Dividend Yield

N/A

Market Cap

$711.72 billion

Rev. per Employee

$1.57M

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Amazon.com Inc.

US : U.S.: Nasdaq

$ 3,205.03

+66.20 +2.11%

Volume: 3.93M

Aug. 5, 2020 4:00p

P/E Ratio

123.20

Dividend Yield

N/A

Market Cap

$1572.21 billion

Rev. per Employee

$359,671

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Add to watchlist SPX

S&P 500 Index

US : S&P US

3,327.77

+21.26 +0.64%

Volume: 2.45B

Aug. 5, 2020 5:27p