Topic: How To Invest

Wall Street Stock Forecaster Hotline – Friday, May 1, 2020

Article Excerpt

ALPHABET INC., Nasdaq symbols GOOG (class C non-voting), $1,320.61, and GOOGL (class A voting), $1,317.32, is our #1 Aggressive Buy for 2020. Alphabet is the holding company for Google’s Internet search business and the firm’s 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 stock gained 10% this week after the company reported better-than-expected revenue growth as the COVID-19 lockdowns have prompted more people to stay home. That has spurred more demand for its Internet search engine and other online services. In the three months ended March 31, 2020, Alphabet’s revenue rose 13.3%, to $41.16 billion from $36.34 billion a year earlier. That beat the consensus forecast of $40.17 billion. Revenue for the Google division (99% of the total) gained 13.7%. The increase was mostly due to a 10.4% rise in advertising revenue. However, revenue from Other Bets (1% of revenue)…

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