Google stocks ‘up 17% in 2013′

<p>The share price of Google is still rising fast.</p>

Google's share price continues to hit new highs and its stocks are now up by around 17 per cent on the start of the year.

The search engine company closed Friday at $831.52 (£557), which caps a nearly tenfold rise from its public offering price in 2004 of $85.

Google's Android mobile operating system has been hailed as one of the reasons for the company's recent success, as it gives Google the opportunity to deliver more services and ads to users.

But Trip Chowdhry at Global Equities Research highlighted one potential area of concern for the firm.

"Within six months, Google needs to take a hard look at Motorola. If they can't deliver, the whole Motorola should be closed and shut forever," he was quoted as saying by AFP.

Eric Kuby, chief investment officer at North Star Investment Management in Chicago, told Reuters recently that Google is the "big momentum" stock at the moment.

Learn about the sterling and forex trading at City Index.

Build your confidence risk free
Join our live webinars for the latest analysis and trading ideas. Register now

StoneX Financial Ltd (trading as “City Index”) is an execution-only service provider. This material, whether or not it states any opinions, is for general information purposes only and it does not take into account your personal circumstances or objectives. This material has been prepared using the thoughts and opinions of the author and these may change. However, City Index does not plan to provide further updates to any material once published and it is not under any obligation to keep this material up to date. This material is short term in nature and may only relate to facts and circumstances existing at a specific time or day. Nothing in this material is (or should be considered to be) financial, investment, legal, tax or other advice and no reliance should be placed on it.

No opinion given in this material constitutes a recommendation by City Index or the author that any particular investment, security, transaction or investment strategy is suitable for any specific person. The material has not been prepared in accordance with legal requirements designed to promote the independence of investment research. Although City Index is not specifically prevented from dealing before providing this material, City Index does not seek to take advantage of the material prior to its dissemination. This material is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.

For further details see our full non-independent research disclaimer and quarterly summary.