Why Google Inc (GOOG) Stock Is Trouncing the Market in 2013

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Source: YCharts.

Finally, we have Google’s annual developers conference. Though there were no mind-blowing revelations, the company announced five initiatives that investors clearly liked:

  • Android and Google Play: a subscription-based music service.
  • Chrome’s new voice-activated search
  • Google Plus upgraded its photo-sharing capabilities
  • Chrome’s upgrade to allow for faster video streaming and payments
  • The next iteration of Google Maps

As the father of a newborn, I especially appreciate Chrome’s new hands-free, voice-activated search function (though I doubt that alone accounted for Google stock’s continued climb).

In the end, the real story here is simple: Google has shown it can be profitable in the digital age, and investors are confident the company will continue to look for ways to innovate.

The article Why Google Stock Is Trouncing the Market in 2013 originally appeared on Fool.com.

Fool contributor Brian Stoffel owns shares of Google. The Motley Fool recommends Google. The Motley Fool owns shares of Google.

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