ICYMI: Google's $13 Billion Investment, Major Tailwinds Powered U.S. Stocks
Let's start with Alphabet Inc.'s Google.
Google Google announced Wednesday it is investing $13 billion into data centers across the United States, highlighting the tech behemoth's intention to continue to penetrate the market for cloud services.
Google is going up against cloud leaders Amazon Web Services, from Amazon.com Inc.
, and Microsoft corp.
The investment total is roughly 50% of Google's capital expenditures in 2018, and will likely be slightly less than 50% of its 2019 capex, but still quite the number.
Macro View All three major U.S. indices ended higher Wednesday, as three major overarching tailwinds took hold.
Stock investors are looking for the Fed to remain quiet on interest rate hikes for 2019.
The weak inflation data (1.6% year-over-year) likely keeps the Fed away from pulling the rate hike lever.
News that an agreement between the Democrats and Republicans to fund President Trump's border wall means there likely won't be a government shutdown, at least for the near-term.
There are whispers that trade talks between the U.S. and China are improving.
On the shutdown, there still may be another one -- albeit the chances are growing slimmer.n On trade, the truce ends March 1, and the two sides are likely not exactly close to a firm deal.
In late January, Jim Carney, CEO of Parplus Partners said "I am expecting that there will be some consistent chop [volatility] in the market." Cisco Cisco Systems Inc.
Reports earnings Wednesday afternoon, February 13.
Cisco was RealMoney's stock of the day, covered wall-to-wall by Kevin Curran.
See what investors who've bought the stock like so much about it here.
Alphabet, Amazon, Microsoft, and Cisco are holdings in Jim Cramer's Action Alerts PLUS member club .
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