Yesterday afternoon (Tuesday), Money Morning Defense & Tech Specialist Michael A. Robinson appeared on FOX Business' "Varney & Co." to discuss the direction of Google stock after a landmark event...
You see, Google's (Nasdaq: GOOG, GOOGL) Nest Labs launched its long-awaited developer program Tuesday.
Nest is a leader in the "smart home" revolution, known for developing Internet-connected, or "smart," thermostats, and smoke and carbon dioxide detectors. Google acquired it on Jan. 14 for $3.2 billion. Now that Nest offers an application programming interface (API), developers can build apps for Nest, and they can connect their own software and hardware with Nest's thermostats and alarms.
"The program lets any connected platform integrate with Nest," Nest senior product manager Greg Hu said to Wired.
And that's good news for GOOG. The Silicon Valley tech giant will be able to gather more about people's lifestyles and use it to improve and create products.
Watch the video to see what Robinson predicts Nest Labs' progress means for Google stock - and for investors...