Topic: How To Invest

Wall Street Stock Forecaster Hotline – Friday, October 29, 2021

Article Excerpt

ALPHABET INC. remains your #1 Aggressive buy for 2021. The company (Nasdaq symbols GOOG $2,965.41 [class C: non-voting] and GOOGL $2,960.92 [class A: one vote per share) is the parent of Google, the world’s leading Internet search engine. In addition to search, Google also offers a variety of other services. They include Android (operating system for mobile devices), Chrome (operating system for desktops), Google Cloud, Google Maps, Google Play, Hardware (including Nest thermostats) and YouTube. Advertising supplies about 80% of Alphabet’s total revenue. 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 hit a new all-time high this week after it reported stronger-than-expected results for its latest quarter. In the three months ended September 30, 2021, Alphabet’s revenue jumped 41.0%, to $65.12 billion from $46.17 billion a year earlier. That beat the consensus forecast of $63.34 billion. Specifically, the Google Services…

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