After its recent earnings blowout, shares of search giant Google (NASDAQ: GOOG ) are back to defying gravity (and handily outpacing the market).
However, upon examining Google's pricing over the last year, it becomes apparent just how lumpy those returns have been. Google nearly doubled the Nasdaq's return in the first half of last year, only to see the market play catch-up in the months prior to Google's earnings bonanza. As a result of the resurgent bullishness surrounding the search kingpin, Google's shares are now trading around $1,000 for the first time in its history, with its growth drivers in mobile still firing on all cylinders.
Of course, this benefits current shareholders -- but the flip side is that Google's now markedly more expensive than it was mere months ago. So with Google near fresh all-time highs, is there still an opportunity for investors interested in Google shares? Fool contributor Andrew Tonner explains why he still likes Google over the long term in the video below.
A better way to play the mobile boom
The mobile revolution is still in its infancy, but with so many different companies it can be daunting to know how to profit in the space. Fortunately, The Motley Fool has released a free report on mobile named "The Next Trillion-Dollar Revolution" that tells you how. The report describes why this seismic shift will dwarf any other technology revolution seen before it and also names the company at the forefront of the trend. You can access this report today by clicking here -- it's free.