Topic: How To Invest

Wall Street Stock Forecaster Hotline – Friday, October 27, 2023

Article Excerpt

ALPHABET INC., Nasdaq symbols GOOG $123.40 [class C: non-voting] and GOOGL $122.17 [class A: one vote per share], is your #1 Aggressive buy for 2023. The company is the parent of Google, the world’s leading Internet search engine—it handles over 80% 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). In the three months ended September 30, 2023, Alphabet’s revenue rose 11.0%, to $76.69 billion from $69.09 billion a year earlier. That beat the consensus forecast of $75.97 billion. The Google Services division (about…