New investment already up 58%

Article Excerpt

ALPHABET INC. remains your #1 Aggressive buy for 2020. The holding company (Nasdaq symbols GOOG $1,415 [class C: non-voting] and GOOGL $1,409 [class A: one vote per share]; Aggressive Growth Portfolio, Manufacturing & Industry sector; Shares outstanding: 687.3 million; Market cap: $972.5 billion; Price-to-sales ratio: 5.8; No dividend paid; TSINetwork Rating: Above Average; www.abc.xyz) owns Google’s Internet search business as well as smaller businesses focused on home thermostats, self-driving cars and other technologies. Alphabet invested in American Well Corp. (New York symbol AMWL), just before that firm completed an initial public offering on September 17, 2020. American Well specializes in telehealth services that connect patients and healthcare providers over the Internet. As part of Alphabet’s investment, American Well will use the Google Cloud platform. This investment is already paying off for Alphabety. American Well’s shares have jumped 58% since the IPO, and the company’s 3.03% stake is now worth $168 million. Alphabet is a buy. We recommend the class A voting shares. shares…