Google Inc. (Nasdaq: GOOG) announced Tuesday that it would be purchasing Nest Labs for $3.2 billion. Nest is known for developing Internet-connected, or "smart," thermostats and smoke detectors.
GOOG stock currently trades just north of $1,140, and has posted a gain of more than 30% in the past three months. Will adding everyday products like Nest's thermostats to its portfolio make a difference for investors?
Money Morning's Defense & Tech Specialist Michael Robinson appeared on FOX Business' "Varney & Co." today (Tuesday) to answer this question. He also gave investors his forecast for Google stock:
Penny stock investing can be risky, but it can also bring investors their biggest gains ever. Here are a few things every investor should know before jumping into penny stocks.