Expect more gains from Alphabet

Article Excerpt

Thanks to investor enthusiasm for artificial intelligence (AI) software, specifically its ability to process huge amounts of data and improve decisionmaking, the class A shares of Alphabet have jumped over 30% since the start of 2024, hitting a new all-time high of $185 in late June. The technology should improve the quality of its Google search engine, as well as its other platforms such as Android and Chrome. That will let it continue to dominate their markets. Alphabet has also started paying a dividend. That should increase its appeal with pension plans and other big institutional investors, and push the stock even higher over the next few years. ALPHABET INC. is your #1 Aggressive buy for 2024. The holding company (Nasdaq symbols GOOG $185 [class C: non-voting] and GOOGL $184 [class A: one vote per share]; Aggressive Growth Portfolio, Manufacturing & Industry sector; Shares outstanding: 12.4 billion; Market cap: $2.3 trillion; Price-to-sales ratio: 7.3; Dividend yield: 0.4%; TSINetwork Rating: Above Average; www.abc.xyz) is the parent of…