Google parent Alphabet (GOOG, GOOGL) gained as much as 13% in after-hours trading Thursday, following a stand-out quarter that beat revenue and earnings estimates and stoked investor excitement with the announcement of a cash dividend program of $0.20 per share. The board of directors also approved stock repurchases up to an additional $70 billion. “Our …
Billionaire Bill Ackman runs Pershing Square Capital Management, a hedge fund that returned 234% over the last five years, crushing the 95% total return in the S&P 500. Pershing Square also beat the benchmark index over the last year and the last decade. That outperformance makes Ackman and his fund a worthwhile case study for …
Following a big move higher in Microsoft‘s (NASDAQ: MSFT) stock in 2023 and a 7% run-up already this year, the tech giant now commands approximately a $3 trillion market cap. But is the tech company really worth this much? Should shareholders be taking their profits or holding on for more potential long-term gains? Let’s explore …