Topic: How To Invest

Wall Street Stock Forecaster Hotline – Friday, February 7, 2020

Article Excerpt

ALPHABET INC., Nasdaq symbols GOOG (class C non-voting), $1,479.23, and GOOGL (class A voting), $1,479.11, is our #1 Aggressive Buy for 2020. Alphabet is the holding company for Google’s Internet search business and its smaller, riskier operations. Its investors also tap emerging markets through the company’s smaller businesses—what it calls its “Other Bets.” They sell home thermostats and self-driving car technology, among other tech products. The company reported stronger-than-expected earnings this week, but the stock fell 4% on weaker-than-expected revenue. In the three months ended December 31, 2019, Alphabet’s revenue jumped 17.3%, to $46.01 billion from $39.28 billion a year earlier. However, that missed the consensus forecast of $46.87 billion. Revenue for the Google division (99% of the total) gained 17.5%. The increase was mostly due to a 16.7% rise in advertising revenue. That included a 30.8% jump in ad revenue for its YouTube video sharing site (which supplied 10% of Alphabet’s total revenue) and a big 53.0% gain from its Google Cloud division…

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