The latest news about Google is that it's now the most widely owned stock among the 50 largest actively managed U.S. mutual funds. According to a March 7 Bloomberg report, the world's largest search engine company beat out Apple ( AAPL) to claim the top spot. The article pointed out that... "Google's shares are now trading at about 25 times profit, compared with a price-to-earnings ratio of less than 10 for Apple, according to the data compiled by Bloomberg. That gap is at its widest since June 2005, two years before competition between the two companies in mobile devices began to intensify." Jim Cramer and Stephanie Link actively manage a real money portfolio for his charitable trust -- enjoy advance notice of every trade, full access to the portfolio, and deep coverage of the latest economic events and market movements. This is how great technology companies leap ahead of the competition and separate themselves as the undisputed leaders. Google's smartphone software controls around 70% of that market. Its Chrome browser has been taking off as well. As the company's nifty Web site reminds potential users "Browse fast with the Chrome web browser on your Android phone and tablet. Sign in to sync your Chrome browser experience from your computer to bring it with you anywhere you go."
Here's a two-year visual illustration of how Google has become the new "darling" of the technology world. Its shares have done so amazingly well compared to Apple's stock. Many of us were surprised by Google's ascent above AAPL. So which company will be the next Google? It might be one that is an innovator in products and services for tablets, smartphones, apps and digital advertising. The apps business is still in a state of flux as users around the globe upgrade to the latest mobile devices. Savvy tech buyers are still deciding if they want to spend money on apps that impress them, or go for the hundreds of thousands of free apps.
In the final analysis, the next Google may be a start-up company we've never heard of that won't be going public anytime soon. But as our imaginations run wild, consider my combination of ORCL, BBRY and NOK in a merger-marriage with a company like Yahoo! ( YHOO) with its search engine expertise and legions of loyal customers and, well, you might just have the ideal recipe. In the meantime, GOOG shares are receiving the kind of publicity and upgrades that AAPL used to receive. On Monday RBC Capital reiterated an outperform rating for GOOG and raised it price target to $950 from $840. One lesser-known firm, Pacific Crest, and its tech analyst Evan Wilson reiterated an outperform for GOOG, and Wilson raised his price target to $980 from $820. He recently wrote that the company's reputation of having "uninspired management and
Word to the Wise: Whether you own shares of a stock that trades for $800 or for $8 a share, you'll want to remember rule #1 of investing: "Don't Lose Money." Using a stealth trailing stop loss alert system can help you manage downside risk while striving to let your winners "run." It behooves all traders and investors to know what a trailing stop loss is and how to use one that the Market Makers can't see or "pick off". This way you have more control over your investing results, and from my experience it lets us invest hoping to find the next Google yet keeps us focused on "rule #1." Your comments and ideas are always welcome. You can also Tweet me at the Twitter address below. At the time of publication the author was long shares of AAPL. Follow @m8a2r1 This article was written by an independent contributor, separate from TheStreet's regular news coverage. Jim Cramer's protege, Dave Peltier, finds you Stocks Under $10 picks with explosive upside potential. See what he's trading today with a 14-day FREE pass.