Alphabet will emerge stronger for you

Article Excerpt

The COVID-19 outbreak has forced many businesses worldwide to temporarily shut down. That in turn has hurt spending on online advertising—particularly by small businesses, restaurants, travel agents and car dealers. To protect value for its investors, Alphabet has slowed the pace of new hiring in response to the slowdown and cut other costs. Those actions will help protect Alphabet’s profits until the pandemic ends. We’re also confident that as the economy recovers, advertisers will continue to shift away from traditional ads to digital, which do a better job of targeting potential customers. The pandemic is also drawing more customers to the company’s new services, such as online games and drones that deliver vital goods. ALPHABET INC. remains your #1 Aggressive buy for 2020. The holding company (Nasdaq symbols GOOG $1,263 [class C: non-voting] and GOOGL $1,258 [class A: one vote per share]; Aggressive Growth Portfolio, Manufacturing & Industry sector; Shares outstanding: 687.3 million; Market cap: $868.1 billion; Price-to-sales ratio: 5.4; No dividend paid; TSINetwork Rating: Above Average; www.abc.xyz) gets…