Alphabet edged slightly higher after introducing a number of new products and features including its Pixel and Pixel XL smartphones that will compete against Apple's (AAPL) - Get Report iPhone and other companiess.
Alphabet's shares may also be feeling the benefit of the $1,000 price target Jefferies issued recently along with a buy recommendation. The analyst thinks Alphabet will rise on some of the other features introduced, including Google Home, a Bluetooth speaker going against Amazon.com's (AMZN) - Get Report Echo, and Chromecast Ultra, designed to support 4K streaming. There was also an update on the progress of Google's Daydream Virtual Reality (VR) platform.
Alphabet edged up 0.30% to finish the day at $802.79.
GoPro rose for a third consecutive day after its formal launch of the Hero5 product line over the weekend. In describing the new camera and its ability to load video to its new GoPro Plus cloud service, the company's CEO Nick Woodman said investors should look to the fourth quarter.
"I think it will be an exciting fourth quarter for GoPro and all of our fans and investors," Woodman said, speaking on CNBC. "The proof will be quite evident in the fabulous stories that we see people share. After Christmas, I think we can expect a very nice post holiday uptick in the amount of stories being told and shared."
GoPro gained 0.90% to close at $16.89.
Zynga received favorable stock recommendations from six FactSet analysts who were polled for their thoughts on the company. The half-dozen analysts advised investors to buy the stock, according to a report in Wellesley News.
The struggling mobile videogame company recently hired a veteran Electronic Arts (EA) - Get Report executive, Gerard Griffin, to serve as its chief financial officer.
Zynga gained $1.05 to finish the day at $2.89
This article is commentary by an independent contributor. At the time of publication, the author held no positions in the stocks mentioned.