Options Market Statistics: Alphabet's Stocks Close at Highest Level Since Early 2022, Options Pop

Earlier this year, Tesla dove into the world of advertising using Google Ads in the United States and the United Kingdom. The company is now targeting another country with an advertising strategy spotted by a user on Twitter, now known as X. The user showed a video of a video ad from Tesla at the Tokyo Haneda International Airport in Japan. In the video ad, the company's Model Y vehicle is shown along with features like Superchargers, Camp Mode and the Autopilot system, as shared by Teslarati.

After shying away from advertisements, Tesla CEO Elon Musk has shared that the company plans to do "a little advertising," a strategy that generated positive reaction from some analysts and experts who have been suggesting it for years. Japan has a low market share of electric vehicle sales, but it has grown in recent years, including 2022, which saw EV sales triple year-over-year. The Haneda International Airport is one of two that service the Tokyo market and among the top 20 airports by annual passenger traffic. Advertisements in Japan could help grow brand name recognition in the region that has many domestic automakers with a strong market share. The advertisements could also be part of Tesla's overall advertising strategy to expand beyond its loyal fan base in attempts to grow annual sales by 50% going forward.

As reported by Bloomberg, the all-stock deal is expected to be announced as early as Wednesday. The deal, if it goes through, would value Pioneer at not less than $58 billion, considering the number of outstanding shares. The Bloomberg source added a note of caution, stating that the final agreement is yet to be finalized and the terms may change or the talks could end without a deal.

Internet stocks Alphabet Inc. logged its highest closes in more than a year as it continued its October rally.

From an industry perspective, we would highlight that [third-quarter] 2023 digital ad trends continue a pattern of improving growth trends that has been a hallmark of the progression [through] 2023," Goldman Sachs's Eric Sheridan said in a note to clients earlier this month. He added that companies generally should see easier comparisons and "steady sequential improvement in brand advertising," among other positive drivers.

As for Alphabet, Piper Sandler analyst Thomas Champion thinks the stock's move will depend on management's commentary on the core search business and progress on cost cuts.