Tuesday, September 25, 2012

Stocks At New Highs: Google Inc (NASDAQ:GOOG), Exxon Mobil (NYSE:XOM), Pfizer Inc.(NYSE:PFE)

Google Inc (NASDAQ:GOOG) is the stock which has been consistently making new highs and today once again the stock hit a record high of $764.89. Yesterday, the stock was up over 2% as investors as well as investors community have turned bullish on the company’s ad model. Analysts are bullish on the company’s business and estimate that the company to be increasingly attractive when compared to a new group of social web companies. An analyst at Pivotal Research Group, Brian Wieser said that the markets have come to appreciate Google’s efforts in making money.

Last week, eMarketer had issued a research note stating that Google Inc(NASDAQ:GOOG) will topple Facebook Inc(NASDAQ:FB) from the top position of display ads this year. According to the research firm, Google is all set out to branch out and increase its revenue from advertisements, and by dominating the arena of display ads, it will lead as the organization with three kinds of advertising. Namely, Search, mobile, and display.

How Should Investors Trade GOOG Now? Find Out Here

In other news, Eric Schmidt, CEO of Google Inc (NASDAQ:GOOG) has said that the firm will need Apple Inc.(NASDAQ:AAPL)’s approval to offer its mapping application for the iPhones. This happened after the software was replaced with an Apple’s mapping program that has faced a number of criticisms.

Exxon Mobil Corporation(NYSE:XOM) is another stock which is hitting multi year high in today’s session and rose 0.08% to $91.95 after creating a new highs at $92.57.

ExxonMobil, in its exploration venture with Russia’s Rosneft in the Kara Sea will be drilling into the arctic seabed near the where the Soviet navy dumped old nuclear reactors, 17,000 loads of radioactive waste and even scuttled a nuclear-powered submarine.

Pfizer Inc.(NYSE:PFE) made multi year high of $25.15 this morning and was recently up 1% at $25. Recently, A U.S. District Judge has granted class-action status to former Wyeth investors who accused the Pfizer unit of misleading them about risks associated with its antidepressant drug Pristiq. The FDA rejected the drug in July, 2007 over potential serious heart and liver problems associated with its use. A Pfizer spokesperson says the company will continue to defend itself vigorously.

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