Topic: How To Invest

Wall Street Stock Forecaster Hotline – Friday, October 28, 2022

Article Excerpt

ALPHABET INC., Nasdaq symbols GOOG $96.58 [class C: non-voting] and GOOGL $96.29 [class A: one vote per share], is your #1 Aggressive Buy for 2022. The stock is the parent of Google, the world’s leading Internet search engine. It gets most of its revenue from online advertising. 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). The stock fell 5% this week after the company reported lower-than-expected results for the latest quarter. In the three months ended September 30, 2022, Alphabet’s revenue rose 6.1%, to $69.09 billion from $65.12 billion a year earlier. That missed the…