Dear Valued Visitor,

We have noticed that you are using an ad blocker software.

Although advertisements on the web pages may degrade your experience, our business certainly depends on them and we can only keep providing you high-quality research based articles as long as we can display ads on our pages.

To view this article, you can disable your ad blocker and refresh this page or simply login.

We only allow registered users to use ad blockers. You can sign up for free by clicking here or you can login if you are already a member.

The Release of New Products Supports Smart Money’s Confidence in Google

Page 1 of 2

Google Inc (NASDAQ:GOOG) is fresh off its latest Nexus announcement where, for the first time, it simultaneously unveiled two new Nexus phone models, and the market is reacting favorably to the news. The development supports hedge funds’ long love for Google as the company continues its expansion in the smartphone space.

Google GOOG

We follow hedge funds because our research has shown that their stock picks historically managed to generate alpha even though the filings are up to 45-days delayed. We used a 60-day delay in our back tests to be on the safe side and our research showed that the 15 most popular small-cap stocks among hedge funds outperformed the S&P500 Total Return Index by an average of 95 basis points per month between 1999 and 2012. After adjusting for risk, our calculations revealed that these stocks’ monthly alpha was 80 basis points. We have also been sharing and tracking the performance of these stocks since the end of August 2012, during which time they have returned 118%, outperforming the S&P 500 ETF (SPY) by over 60 percentage points (see more details here).

Shares of Google Inc (NASDAQ:GOOG) are up 1.50% after the bell on the back of the announcement of the new Nexus phones and other updates for products including Android, Chromecast, Chromecast Audio, Project Fi, and Google Play Music. The two new phones unveiled by Google at the event include the Google Nexus 6P, made by Huawei, and the Google Nexus 5X, made by LG Electronics. Both will run on the new Android 6.0 operating system called “Marshmallow”, and the Nexus 6P is the larger, more powerful albeit pricier option against the Nexus 5X.

Follow Google Inc. (NASDAQ:GOOG)
Trade (NASDAQ:GOOG) Now!

The Nexus 6P is powered by a 64-bit octa-core Qualcomm Snapdragon 810 processor, Adreno 430 graphics processor and 3GB of random access memory (RAM). Its other features include a 5.7-inch wide quad HD AMOLED screen, 12-megapixel Sony rear camera with laser autofocus and 4K video capture capability, 8-megapixel front camera, a back-mounted fingerprint reader called the Nexus Imprint and a USB Type-C port which the firm claims can charge the phone twice as quickly, compared to the iPhone 6 Plus (see our compilation of smartphones with fastest charging times). While less powerful, the Nexus 5X is no slouch either as it is equipped with a hexa-core Qualcomm Snapdragon 808 processor, Andreno 418 graphics processor and 2GB of RAM. Featuring a 5.2-inch full-HD screen, it comes with the same back camera as the Nexus 6P and a 5-megapixel front camera, Nexus Imprint and a USB Type-C port. Both devices have no expandable memory. Preorders are open today in the US, UK, Ireland, and Japan for the Nexus 6P, with Korea added to the countries for the Nexus 5X, while shipments are scheduled to start next month. The Nexus 6P and Nexus 5X start at $499 (32GB internal memory) and $379 (16GB internal memory), respectively. While being the highlight of the Nexus event, the phones were far from the only new products released by Google.

Page 1 of 2

Biotech Stock Alert - 20% Guaranteed Return in One Year

Hedge Funds and Insiders Are Piling Into

One of 2015's best hedge funds and two insiders snapped up shares of this medical device stock recently. We believe its transformative and disruptive device will storm the $3+ billion market and help it achieve 500%-1000% gains in 3 years.

Get your FREE REPORT and the details of our 20% return guarantee today.

Subscribe me to Insider Monkey's Free Daily Newsletter
This is a FREE report from Insider Monkey. Credit Card is NOT required.
Loading Comments...

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 102% in 3 years!! Wondering How?

Download a complete edition of our newsletter for free!