Topic: How To Invest

Wall Street Stock Forecaster Hotline Friday, October 30, 2020

Article Excerpt

ALPHABET INC., Nasdaq symbols GOOG (class C non-voting), $1,621.01, and GOOGL (class A voting), $1,616.11, remains 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 U.S. Department of Justice has filed an anti-trust lawsuit accusing the company of using its dominance in several markets to prevent competition. Right now, Google controls 90% of the U.S. search market as well as 95% of searches on mobile devices. The lawsuit could force Alphabet to sell some of Google’s businesses, such as Android, whose software powers 85% of the world’s mobile devices. However, a trial would probably take several years to reach a verdict. Meantime, the company continues to see strong demand for its search and YouTube services as COVID-19 forces more people to work…