A Top Buy And Hold Stock To Buy Right Now: Alphabet, Here's Why
Portfolio Pulse from Cory Mitchell
Alphabet Inc. (NASDAQ:GOOGL) has seen a 56.89% increase since the start of 2023 and is still considered attractive despite being below 2022 highs. The company has been growing earnings, outperforming the S&P 500, increasing revenue, and buying back shares. The stock is in an uptrend with new highs for 2023 on October 10 and 11. The stock has a P/E ratio of 29.7, trading near a fair value based on historic norms.
October 12, 2023 | 3:40 pm
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POSITIVE IMPACT
Alphabet shares that trade under the symbol (NASDAQ:GOOG) generally trade in a similar manner to GOOGL shares, but GOOGL shares have voting rights, while GOOG shareholders do not.
The article mentions that Alphabet shares that trade under the symbol (NASDAQ:GOOG) generally trade in a similar manner to GOOGL shares. This suggests that the positive outlook for GOOGL shares is also applicable to GOOG shares.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Alphabet Inc. (NASDAQ:GOOGL) is expected to continue its upward trend due to its strong earnings growth, outperformance of the S&P 500, increasing revenue, and share buybacks.
The article provides a positive outlook for Alphabet Inc. (NASDAQ:GOOGL) due to its strong earnings growth, outperformance of the S&P 500, increasing revenue, and share buybacks. These factors are likely to continue driving the stock's price upward.
CONFIDENCE 90
IMPORTANCE 100
RELEVANCE 100