Alphabet

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<p class="has-drop-cap">Three stocks are making the headlines today: Alphabet Inc. (NASDAQ: GOOG), Cardinal Health (NYSE: CAH), and Kellanova (NYSE: K) are each experiencing notable shifts in their market positions due to various factors ranging from potential regulatory actions to strong financial performances and acquisition news. Here’s a quick look at what’s moving the stock prices.</p>
<h3 id="google-could-be-broken-up-by-the-us-doj">Google Could be Broken Up by the US DoJ</h3>
<p>Alphabet Inc. shares tumbled 3.79% to $159.64 by mid-morning trading, as <a aria-label="reports emerged (opens in a new tab)" href="https://www.bloomberg.com/news/articles/2024-08-13/doj-considers-seeking-google-goog-breakup-after-major-antitrust-win" target="_blank" rel="noopener noreferrer nofollow" class="deco-link">reports emerged</a> that the U.S. Department of Justice is considering breaking up the tech giant. <br><br>This potential antitrust action comes in the wake of a federal judge’s ruling earlier this month that Google illegally maintained a monopoly in online search. The news has overshadowed Alphabet’s recent partnership announcement with Peloton (NASDAQ: PTON), pushing the stock towards the lower end of its 52-week range of $145.00 to $220.00. <br><br>With a market capitalization of $1.954 trillion and a trailing <a href="https://tokenist.com/investing/p-e-ratio/" rel="noopener noreferrer nofollow" class="deco-link">P/E ratio</a> of 23.81, investors are closely monitoring how this regulatory scrutiny might impact Alphabet’s dominant position in the tech industry.</p>
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<h3 id="cardinal-health-cah-reports-double-beat-in-fiscal-q4">Cardinal Health (CAH) Reports Double Beat in Fiscal Q4</h3>
<p>Cardinal Health saw its stock rise 4.08% to $106.77, buoyed by better-than-expected fiscal fourth-quarter results and an optimistic outlook for 2025. <br><br>The healthcare services company <a href="https://tokenist.com/cardinal-health-cah-reports-double-beat-in-fiscal-q4-ups-guidance/" rel="noopener noreferrer nofollow" class="deco-link">reported</a> a 12% increase in fourth-quarter revenue to $59.9 billion, surpassing analyst expectations. Cardinal Health also raised its fiscal 2025 earnings guidance and announced an increase in its stock buyback program by $250 million. <br><br>With a market cap of $25.981 billion and a forward P/E of 13.61, the company’s strong performance in its Pharmaceutical and Specialty Solutions segment has instilled confidence in investors.</p>
<h3 id="kellanova-k-to-be-acquired-by-mars-incorporated">Kellanova (K) to be Acquired by Mars, Incorporated</h3>
<p>Kellanova, formerly known as Kellogg Company, experienced a significant surge of 7.66% to $80.21 following the announcement that Mars, Incorporated would acquire the company for $83.50 per share in cash. <br><br>The deal, valued at $35.9 billion including assumed net leverage, represents a 44% premium to Kellanova’s unaffected 30-day volume weighted average price. <br><br>This acquisition will combine Kellanova’s popular brands like Pringles and Cheez-It with Mars’ extensive snacking and confectionery portfolio. The stock’s jump has pushed Kellanova’s market capitalization to $27.453 billion, with investors eagerly anticipating the closure of this major industry consolidation expected in the first half of 2025.</p> <iframe src="https://tokenist.substack.com/embed" width="100%" height="320" style="border:1px solid #EEE; background:white;" frameborder="0" scrolling="no"></iframe>
<p><em>Disclaimer: The author does not hold or have a position in any securities discussed in the article.</em></p>
<h3 id="br"><br></h3>
<p>The post <a rel="noopener noreferrer nofollow" href="https://tokenist.com/stocks-to-watch-today-alphabet-cardinal-health-and-kellanova/">Stocks to Watch Today: Alphabet, Cardinal Health, and Kellanova</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://tokenist.com">Tokenist</a>.</p>

Stocks to Watch Today: Alphabet, Cardinal Health, and Kellanova

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