Topic: How To Invest

Wall Street Stock Forecaster Hotline – Friday, February 2, 2024

Article Excerpt

ALPHABET INC., Nasdaq symbols GOOG $143.54 [class C: non-voting] and GOOGL $142.38 [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 90% 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). Alphabet reported stronger-than-expected revenue and earnings this week. However, its revenue from advertising fell short of forecasts, which is why the stock fell 5%. In the three months ended December 31, 2023, Alphabet’s…