Topic: How To Invest

Wall Street Stock Forecaster Hotline – Friday, October 11, 2024

Article Excerpt

ALPHABET INC., Nasdaq symbols GOOG $164.52 [class C: non-voting] and GOOGL $163.24 [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. A U.S. judge recently ruled that Google is an illegal monopoly. Specifically, it pays billions of dollars to Apple and Samsung to make Google the default search engines on their smartphones. That makes it harder for other search providers to gain access to those devices. The Department of Justice may recommend separating Google’s search business from its other products, including its Android smartphone operating system, Chrome web browser and the Google Play app store. Google plans to appeal the ruling. Even if that appeal fails, however, a breakup would likely benefit investors. That’s because a spinoff of the search business as a separate company would help eliminate Alphabet’s holding company…