Alphabet stock rises after BMO upgrade

BMO Capital Markets analyst Daniel Salmon upgraded Alphabet Inc. shares /zigman2/quotes/202490156/composite GOOGL +0.09% /zigman2/quotes/205453964/composite GOOG -0.09% 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 +1.28% 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 +0.05% 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 +0.36% has declined 14%.

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Add to watchlist GOOGL

Alphabet Inc. Cl A

US : U.S.: Nasdaq

$ 1,894.28

+1.72 +0.09%

Volume: 2.53M

Jan. 25, 2021 4:15p

P/E Ratio

37.83

Dividend Yield

N/A

Market Cap

$1282.98 billion

Rev. per Employee

$1.36M

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Alphabet Inc. Cl C

US : U.S.: Nasdaq

$ 1,899.40

-1.65 -0.09%

Volume: 1.93M

Jan. 25, 2021 4:00p

P/E Ratio

37.93

Dividend Yield

N/A

Market Cap

$1282.98 billion

Rev. per Employee

$1.36M

/zigman2/quotes/205064656/composite

Add to watchlist FB

Facebook Inc. Cl A

US : U.S.: Nasdaq

$ 278.01

+3.51 +1.28%

Volume: 19.09M

Jan. 25, 2021 4:00p

P/E Ratio

31.66

Dividend Yield

N/A

Market Cap

$781.86 billion

Rev. per Employee

$1.57M

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Amazon.com Inc.

US : U.S.: Nasdaq

$ 3,294.00

+1.77 +0.05%

Volume: 3.75M

Jan. 25, 2021 4:00p

P/E Ratio

96.47

Dividend Yield

N/A

Market Cap

$1651.88 billion

Rev. per Employee

$351,531

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Add to watchlist SPX

S&P 500 Index

US : S&P US

3,855.36

+13.89 +0.36%

Volume: 2.79B

Jan. 25, 2021 5:15p