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The club of $ 1 trillion companies just keeps growing. Now there are four – CNN, CNN

The club of $ 1 trillion companies just keeps growing. Now there are four – CNN, CNN


London (CNN Business)A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign up righthere.

Apple. Microsoft. Saudi Aramco. And now Alphabet.

The club of public companies worth $ 1 trillion

added a new memberthis week, with Google’s parent company topping that valuation on Thursday. It’s the first time three American companies have been worth at least $ 1 trillion at the same time.

The view from Mountain View:Alphabet(GOOGLshares have already gained more than 8% this year. The rise follows the December announcement that Google CEO Sundar Pichai would also take over ashead of Alphabet, succeeding Larry Page. And the company ad business remains a money-making machine. Ad revenue grew to nearly $************************************** (billion) in the third quarter of (************************************************, up (************************************************************************% from the same period the previous year .

Amazon out: Apple became the first public company to pass the $ 1 trillion mark in August and has pushed higher since. Amazon, the second firm to hit that level, has dropped out of the club, but it still has more members than ever before.

The growing ranks of $ 1 trillion companies inevitably gets investors chattering about whether market valuations are a bubble waiting to pop. Years of ultra low interest rates and solid US economic growth have driven the longest bull market on Wall Street in history. The Dow, S&P and Nasdaq all hit fresh records on Thursday.

But the consensus among analysts is that stocks still have room to run in 2020. Gene Munster, a veteranApple(AAPL)analyst at Loup Ventures, sees Apple shares – currently at $ 315 – rising to $ (a pop in) *********************************************** and $ (in********************************

Tech’s dominance: Alphabet, Apple,Microsoft

((MSFT)),Amazon************** (AMZN) andFacebook(FBare now worth a collective $ 5.2 trillion – or nearly one fifth of the S&P (*****************************************************. China’s weakest annual growth in (years) ************************

China’s economy grew at its slowest pace in nearly three decades

in 2021, my CNN Business colleague Laura He reports.

**************************

The announcement Friday was unexpected, and Chinese officials insist that the country’s economy will be stable this year. But it might be too early to say the worst has passed, according to analysts.

The numbers: China’s GDP grew at a rate of 6.1% in (****************************************, in line with Beijing’s targeted range. The country also reported that GDP grew 6% in the fourth quarter.

Big picture: China grew 6.6% in 2020. The slowdown last year is indicative of all thechallenges facingthe world’s second largest economy, which is battling rising debt, cooling domestic demand and fallout from the trade war with the United States.

The “phase one” trade deal

signed earlier this week removes a little bit of pressure, at least in the short term.

“The signing of the phase-one trade deal is a signal that the situation is is unlikely to deteriorate, “Chaoping Zhu, global market strategist at JPMorgan Asset Management, said in a note to clients.

But the trade war isn’t over. US tariffs on many Chinese goods remain in effect, and Washington will use this as leverage as the two sides negotiate the next phase of their agreement. Plus, analysts from Citi, Nomura, and Invesco point out that it will be a challenge for China to fulfill its promise to increase imports of US goods by $ billion over two years.

NBCUniversal makes its streaming play*** The streaming field is becoming crowd-crowded. What better way to stand out than giving away your service for free?

Media and investors got a first lookat NBCUniversal’s Peacock on Thursday – and the biggest surprise was the price point offered by parent companyComcast(CMCSA), my CNN Business colleague Frank Pallotta reports.

The company will offer a version of the service known as “Peacock Free,” a no-cost, ad-supported option for any consumer, regardless of their cable provider. A premium version with additional content, including early access to NBC’s late night shows, will be free to Comcast subscribers and cost $ 4. for everyone else. Want to ditch ads altogether? That will be $ 9. 308.

****** Daniel Ives, an analyst at Wedbush Securities, called the plan to make money through commercials “a smart move” and a “key differentiator” that could help lure viewers from other platforms. Time will tell; the service launches to existing customers on April (*************************************************************************.Up next ********** (State Street) ************(STT) )reports earnings before US markets open.

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