Topic: Growth Stocks

Wall Street Stock Forecaster Hotline – Friday, June 10, 2016

Article Excerpt

ALPHABET INC., Nasdaq symbols GOOG (class C non-voting), $719.41, and GOOGL (class A voting), $733.19, is the new holding company for Google’s Internet search business and its other operations, including self-driving cars and home thermostats. The reorganization also made Google Fiber a separate subsidiary. This business’s fibre optic networks provide high-speed Internet and digital TV in 20 midsized U.S. cities. Google Fiber is now developing technology to send wireless Internet signals to homes without using Internet cables. The goal is to reduce installation costs. Expanding the availability of high-speed Internet service should drive more traffic through Google’s search engine. That would let the company sell more online ads at higher rates. As well, if Google Fiber keeps growing, Alphabet may consider spinning it off as a separate company. Shareholders should keep holding their class A shares, but we recommend the cheaper class C stock for new buying. OUR RECOMMENDATION: Alphabet is our top Aggressive buy for 2016. Alphabet recent coverage Hotline for April 22, 2016 April 2016 issue FEDEX CORP.,…