The Zacks Analyst Blog Highlights: Google, ICG Group, Facebook, Best Buy and Target
CHICAGO, Feb. 11, 2013 /PRNewswire/ -- 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 Google Inc. (Nasdaq: GOOG), ICG Group Inc. (Nasdaq: ICGE), Facebook (Nasdaq: FB), Best Buy (NYSE: BBY) and Target (NYSE: TGT).
Get the most recent insight from Zacks Equity Research with the free Profit from the Pros newsletter: http://at.zacks.com/?id=5513
Here are highlights from Friday's Analyst Blog:
Google Buys Channel Intelligence
Google Inc. (Nasdaq: GOOG) recently announced that it has acquired an online marketing service Channel Intelligence (CI), a consolidated company owned by ICG Group Inc. (Nasdaq: ICGE) in a $125 million all cash deal. The transaction is expected to be completed in the first quarter of 2013, subject to customary closing conditions.
Orlando-based Channel Intelligence offers a number of data-driven services that help brands and retailers to boost e-commerce sales. The company's offerings integrate with other platforms such as Facebook (Nasdaq: FB) and its widgets feature alongside products giving options such as Where to Buy and where to look for specific products.
CI is already one of the original launch partners for Google Shopping, developing a technology that can help maximize sales and Return On Ad Spend (ROAS) with Product Listing Ads (PLAs). CI operates in 31 countries and works with 850 retailers like Best Buy (NYSE: BBY) and Target (NYSE: TGT).
The Channel Intelligence deal shows that e-commerce is becoming an important part of Google's strategy. The acquisition will enable Google to better compete with online retailers by offering its customers a better shopping experience. The service will save time for customers by helping them find the best product deals on the Google Shopping search engine.
Google is a market leader in online advertising and it has been exploring various ways to increase its revenues and fight competition. The company has stepped up its efforts in the e-commerce space. In Jun last year, the company announced that retailers would have to pay for space on Google Shopping in an attempt to improve ad quality and help merchants maximize sales from ads purchased on Google Shopping.
Google has done well in the fourth quarter, with its gross revenues touching a record $14.4 billion. Revenues from both Google-owned and partner sites, continued to grow in double digits on a year-over-year basis.
Though Google is the No. 1 web-search engine, it lags online retail giants in terms of shopping-related searches. So, we believe the CI acquisition is a part of the company's ongoing efforts to improve on the Google Shopping experience.
However, legal entanglements related to competitive matters or patent infringements remain an overhang. Currently, Google retains a Zacks Rank #3 (Hold).
Want more from Zacks Equity Research? Subscribe to the free Profit from the Pros newsletter: http://at.zacks.com/?id=5515.
About Zacks Equity Research
Zacks Equity Research provides the best of quantitative and qualitative analysis to help investors know what stocks to buy and which to sell for the long-term.
Continuous coverage is provided for a universe of 1,150 publicly traded stocks. Our analysts are organized by industry which gives them keen insights to developments that affect company profits and stock performance. Recommendations and target prices are six-month time horizons.
Zacks "Profit from the Pros" e-mail newsletter provides highlights of the latest analysis from Zacks Equity Research. Subscribe to this free newsletter today: http://at.zacks.com/?id=5517
Zacks.com is a property of Zacks Investment Research, Inc., which was formed in 1978 by Leon Zacks. As a PhD from MIT Len knew he could find patterns in stock market data that would lead to superior investment results. Amongst his many accomplishments was the formation of his proprietary stock picking system; the Zacks Rank, which continues to outperform the market by nearly a 3 to 1 margin. The best way to unlock the profitable stock recommendations and market insights of Zacks Investment Research is through our free daily email newsletter; Profit from the Pros. In short, it's your steady flow of Profitable ideas GUARANTEED to be worth your time! Register for your free subscription to Profit from the Pros at http://at.zacks.com/?id=5518.
Visit http://www.zacks.com/performance for information about the performance numbers displayed in this press release.
Follow us on Twitter: http://twitter.com/zacksresearch
Join us on Facebook: http://www.facebook.com/home.php#/pages/Zacks-Investment-Research/57553657748?ref=ts
Disclaimer: Past performance does not guarantee future results. Investors should always research companies and securities before making any investments. Nothing herein should be construed as an offer or solicitation to buy or sell any security.
SOURCE Zacks Investment Research, Inc.
More by this Source
Browse our custom packages or build your own to meet your unique communications needs.
Learn about PR Newswire services
Request more information about PR Newswire products and services or call us at (888) 776-0942.