BC Premier Eby Says More Counter-Tariffs Won't Change Trump's Mind
David Eby has been an outspoken proponent of boycotting the US and has retaliated in response to Trump's import taxes. His government pulled US wine and liquor from store shelves and proposed a law to charge new fees to Alaska-bound truckers passing through the province.
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Meet the Unstoppable Stock That Could Join Nvidia, Microsoft, and Apple in the $3 Trillion Club
Key Points Nine American companies are currently worth $1 trillion or more, but just three have graduated into the $3 trillion club. Alphabet owns businesses like Google Search and Google Cloud, where revenue growth is currently accelerating thanks to artificial intelligence (AI). Alphabet stock is trading at a very attractive valuation, which sets the stage for a potential move into the $3 trillion club. 10 stocks we like better than Alphabet › The U.S. is home to nine companies with market capitalizations of $1 trillion or more, but only three have surpassed the ultra-exclusive $3 trillion milestone: Nvidia: $4.2 trillion Microsoft: $3.8 trillion Apple: $3.2 trillion I think another might be set to join them. Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL) is the parent company of Google, and it's fast becoming a leader in the artificial intelligence (AI) race. The company had a market capitalization of $2.3 trillion as of market close on July 25, but its recent financial results and the valuation of its stock might support a move into the $3 trillion club in the near future. If Alphabet does cross the exclusive milestone, investors who buy its stock today could earn a return of over 30%. AI is reshaping Google Search Google Search is Alphabet's most important business, because it consistently represents more than half of the tech conglomerate's total revenue. A few years ago, investors were worried AI chatbots like OpenAI's ChatGPT would filter traffic away from Google Search, hampering its ability to generate revenue through advertising. But it seems those concerns were overblown. Google Search generated a record $54.2 billion in revenue during the second quarter of 2025 (ended June 30), which was up 11.7% compared to the year-ago period. That marked an acceleration from its first-quarter growth of 9.8%, which suggests the search business is gathering momentum. AI is a big reason why. Alphabet developed its own family of large language models (LLMs) called Gemini, and it used them to create a new Google Search feature called AI Overviews. They use text, images, and links to third-party sources to craft complete responses to queries, saving users from having to sift through web pages to find the information they need. This creates a far more convenient experience. Alphabet said 2 billion people were using AI Overviews every month during the second quarter, and since they monetize at the same rate as traditional Google Search results, they aren't cannibalizing the company's core business. Overviews are also driving higher Google Search usage, because they encourage users to refine their queries to generate the most accurate outputs. Alphabet also launched a stand-alone AI chatbot called Gemini to capture traffic from users who prefer to seek information that way. Moreover, the company just rolled out "AI Mode" for Google Search, which introduces a chatbot-style interface to the traditional search experience. Alphabet hopes these tools will keep users within Google's ecosystem, and stop them from experimenting with the competition. Google Cloud revenue growth is also accelerating Google Cloud is consistently Alphabet's fastest-growing business, and the second quarter was no exception. The segment generated a record $13.6 billion in revenue, which was up by a whopping 32% year over year. That marked an acceleration from the first quarter, when revenue grew by 28%. AI is driving that momentum. Google Cloud operates industry-leading data centers fitted with powerful AI graphics processors (GPUs) from Nvidia, and also tensor processors (TPUs), which it designed in-house. This optionality makes the Google Cloud platform attractive to AI developers of all sizes, which is why nearly all AI unicorns (AI start-ups worth $1 billion or more) are using it. Google Cloud also offers access to hundreds of ready-made LLMs, including Gemini, which developers can use to create AI software much faster than if they had to train their own models from scratch. Alphabet said more than 85,000 enterprises are now building AI applications with Gemini models, resulting in a staggering year-over-year increase in usage of 35 times during the second quarter. Alphabet CFO Anat Ashkenazi said Google Cloud's order backlog soared 38% year over year to a whopping $106 billion, which means demand for computing capacity continues to outstrip supply. To convert that backlog into revenue, the company needs to build more data centers, which is why it just increased its capital expenditures (capex) forecast for 2025 to $85 billion, from $75 billion previously. Alphabet's (mathematical) path to the $3 trillion club Alphabet's earnings per share (EPS) climbed by 22% year over year in the second quarter to come in at $2.31. The company's trailing-12-month EPS now stands at $9.39, which places its stock at a price-to-earnings (P/E) ratio of 20.6. That's a steep discount to the Nasdaq-100 technology index, which hosts all of Alphabet's big-tech peers, and trades at a P/E ratio of 32.5. It also makes Alphabet the cheapest stock in the "Magnificent Seven," a group of tech giants leading the way in different segments of the AI race. Alphabet stock would have to soar by 83% just to trade in line with the median P/E ratio of the Magnificent Seven stocks (37.8), which would catapult its market cap to $4.2 trillion. Even if its stock climbed by 58% so its P/E matched that of the Nasdaq-100, it would still be enough to push the company's valuation way above $3 trillion. One thing suppressing Alphabet's P/E ratio right now is the ongoing legal battle with the U.S. Department of Justice (DOJ). The agency won a lawsuit last year that determined Alphabet used monopolistic practices to protect its market share in the internet search industry. For example, the company was paying Apple handsome annual fees to make Google the default search engine on devices like the iPhone, making it nearly impossible for competitors to make inroads. A judge is expected to hand down Alphabet's punishment in August. It could be a simple financial penalty, or the company might be forced to sell parts of its business to level the competitive playing field. Any remedy that diminishes the dominance of Google Search could harm Alphabet's earnings potential, which is why investors are tentative. However, there is likely to be a lengthy appeals process, which could tie the matter up in court for several more years. In the here-and-now, I think Alphabet stock is a bargain based on its incredible progress in the AI space alone, especially as it relates to Google Cloud, which isn't facing regulatory scrutiny right now. As a result, I think Alphabet has a pathway to the $3 trillion club in the next year or so, irrespective of the legal overhang. Should you buy stock in Alphabet right now? Before you buy stock in Alphabet, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Alphabet wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $630,291!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $1,075,791!* Now, it's worth noting Stock Advisor's total average return is 1,039% — a market-crushing outperformance compared to 182% for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of July 29, 2025 Anthony Di Pizio has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Alphabet, Amazon, Apple, Meta Platforms, Microsoft, Nvidia, and Tesla. The Motley Fool recommends the following options: long January 2026 $395 calls on Microsoft and short January 2026 $405 calls on Microsoft. The Motley Fool has a disclosure policy. Meet the Unstoppable Stock That Could Join Nvidia, Microsoft, and Apple in the $3 Trillion Club was originally published by The Motley Fool Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
28 minutes ago
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DICK'S Sporting Goods, Inc. (DKS) Bought Foot Locker Due To Nike, Says Jim Cramer
We recently published . DICK'S Sporting Goods, Inc. (NYSE:DKS) is one of the stocks Jim Cramer recently discussed. DICK'S Sporting Goods, Inc. (NYSE:DKS) is a well-known American sporting goods retailer. The shares have lost 5% year-to-date as the retail sector has struggled, but would have been down more had it not been for a 20% gain since the firm announced that it would acquire Foot Locker in late June. Cramer's previous remarks about DICK'S Sporting Goods, Inc. (NYSE:DKS) have hypothesized that it 'might' be worth buying the stock after its gains following the Foot Locker announcement. This time, he maintained that the shoe retailer's access to Nike was a key driving factor behind the deal: '. . .I think that the Footlocker buy by Dick's is an acknowledgement that Footlocker's getting the right Nikes.' Here are Cramer's previous thoughts about DICK'S Sporting Goods, Inc. (NYSE:DKS): 'The retail rally's a little more difficult. You might want to shoot the moon and buy DICK's Sporting Goods, betting that Nike could, that Nike turn could benefit them now that they're acquiring Foot Locker, but the stock just ran up 30 points on that news.' While we acknowledge the potential of DKS as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the . READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now. Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
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Pound inches higher after Trump's tariff announcements and Fed decision
Pound (GBPUSD=X, GBPEUR=X) The pound advanced against the dollar (GBPUSD=X) on Thursday morning, up 0.1% to $1.3253 at the time of writing, following a number of US tariff announcements ahead of president Donald Trump's extended deadline for agreeing trade deals on Friday. The US dollar index ( which tracks the greenback against a basket of six currencies, was little changed at 99.74. Trump announced a trade deal with South Korea on Wednesday evening that will see the US place 15% tariffs on imports from the country. Earlier on Wednesday, the president made other moves on tariffs, including threatening a 25% levy on goods from India and slapping massive 50% duties on imports from Brazil. Trump also suggested that beginning 1 August, India could pay an additional penalty because of its ties with Russia. In addition, the president announced a 50% tariff on copper pipes and wiring that will also come into place on Friday. Investors were also digesting the Federal Reserve's decision on Wednesday to keep interest rates on hold in the range of 4.25% to 4.5%. Read more: Stocks climb higher as traders cheer slew of strong earnings reports Jim Reid, a market strategist at Deutsche Bank ( said: "The prepared statement saw a modest downgrade to the language on growth, but Powell's press conference leaned more hawkish as he painted a picture of a solid US economy with a labour market that is in balance. "While the Fed chair acknowledged that a 'reasonable base case' was that the impact of tariffs on prices would be a one-time shift, he noted the risks that it could be more persistent. "Powell declined to be drawn on what data would justify a September cut. Our US economists note that Powell avoided potential dovish hints, not emphasising slowing services inflation and downplaying any signals from payrolls weakness." He added that Deutsche Bank's US economists still expect the next rate cut to be announced in December. In other currency moves, the pound was little changed against the euro (GBPEUR=X) on Thursday morning, trading at €1.1581 at the time of writing. Gold (GC=F) Gold prices ticked higher on Thursday morning, as investors weighed tariff concerns against strong economic data out of the US. Gold futures (GC=F) rose 0.3% to $3,304 per ounce at the time of writing, while spot gold was up 0.9% to $3,306.13 per ounce. Data released on Wednesday showed that the US economy grew by 3% in the second quarter, ahead of the 2.6% expected by economist surveyed by Bloomberg. This marked a rebound after the US economy contracted for the first time in three years to start 2025. Stocks: Create your watchlist and portfolio Meanwhile, an ADP employment report showed stronger job gains in July at 104,000, compared to expectations of 76,000, rebounding after a decline in June. Investor attention will now turn to the release of the latest personal consumption expenditures (PCE) price index reading, due out later on Thursday. It is the Fed's preferred inflation gauge. Neil Wilson, UK investor strategist at Saxo Markets, said: "Inflation has been relatively benign but it's the next few months that matter as tariffs could bite. "Month-on-month core PCE inflation has been 0.0%, 0.1% and 0.2% in the April-May period, but the July-Sep data is likely to tick higher. June's data today is expected to rise to +0.3%, or +2.70% annually. We could see it continue to tick up further on a monthly basis in the Jul-Sep period to 0.5% and 3.0% annually – a reason why the Fed is happy to wait and see for now." Oil (BZ=F, CL=F) Oil prices were muted on Thursday morning as investors kept in mind Trump's shortened deadline for Russia to end its military campaign in Ukraine and threats against countries trading its oil. Brent crude (BZ=F) futures dipped 0.1% to $70.81 per barrel at the time of writing, while West Texas Intermediate futures (CL=F) were little changed at $69.96 a barrel. In addition to 25% tariffs, Trump suggested that India face an additional 'penalty' for buying Russian arms and oil, without specifying exactly what this meant. Wilson said oil prices had been rising "despite running up against stalling US data as the EIA reported the biggest inventory build in six months. The 7.7mn barrel increase was the largest since January and came a day after API reported an unexpected build. "Prices however remained supported as president Trump seems to be getting tired with Russia, and oil markets have priced in the chance of a potential supply disruption. Watch this and 1 August tariff deadline tomorrow and rising Opec+ output. Brent and WTI have both made clear breaches of the 200-day SMA with momentum indicator (MACD) turning positive." In broader market movements, FTSE 100 (^FTSE) rose 0.2% on Thursday morning to 9,156 points. For more details, on market movements check our live coverage here. Read more: Eurozone economic growth slows to 0.1% in second quarter Should you invest in gold? Trump's trade war hasn't harmed global growth outlook yet, says IMFError in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
