Topic: How To Invest

What is Pat’s commentary for the week of March 5, 2024

Article Excerpt

We first recommended Alphabet (then called Google) as a buy for aggressive investors in our August 2011 issue of Wall Street Stock Forecaster at $607 (or $15.175 adjusted for splits). Since then, the stock has gained a whopping 767.8% for our subscribers. That success is largely due to the early effectiveness of its Internet search algorithms, which delivered more useful results to its users than competing search engines. In fact, Google’s search results were so good, it quickly surpassed Yahoo, the previous market leader. The company continues to offer this service for free. It makes money by pairing those search terms with ads that appear next to its search results. That helps advertisers put their products and services in front of people who are more likely to make a purchase compared to mass marketing print and TV campaigns that appeal to only a small subset of the audience. Over the years, Alphabet has used its strong earnings to expand into related businesses, such…