Topic: How To Invest

Wall Street Stock Forecaster Hotline – Friday, July 26, 2024

Article Excerpt

ALPHABET INC., Nasdaq symbols GOOG $168.68 [class C: non-voting] and GOOGL $167.00 [class A: one vote per share], is your #1 Aggressive buy for 2024. The company is the parent of Google, the world’s leading Internet search engine—it handles over 80% of global search requests. Online advertising revenue supplies the bulk of its revenue. In addition to search, Google also offers a variety of other services and products. They include Android (operating system for mobile devices), Chrome (operating system and browser), Google Cloud, Google Maps, Google Play (media downloads), Hardware (including Nest thermometers and smoke alarms) and YouTube (online videos). The company’s “Other Bets” division consist of several unrelated businesses that are still in the early stages of their development. They include Waymo (self-driving cars) and Calico (medical research and drug development). The company reported better-than-expected quarterly results this week. However, revenue from YouTube fell short of forecast, which caused the stock to fall 8%. Higher spending on building out its artificial intelligence (AI)…