Investing in the stock market requires a lot of hard work and dedication, regardless of the strategy you choose. Whether you’re looking for growth, value, income or momentum, it takes a lot of effort to create a portfolio that performs well.
One company that has recently caught the attention of investors is Alphabet, also known as Google. This tech giant has been upgraded to a Zacks Rank #1 by a unique stock-rating model that highlights companies with positive earnings estimate revisions and high institutional investor interest.
Alphabet is a leader in the tech industry and offers a wide range of products and services beyond its search engine origins. From cloud computing and ad-based video streaming to autonomous vehicles and healthcare, this company is constantly innovating and expanding into new markets. With a dominant position in online search and strong market presence, Alphabet continues to see growth in user adoption and advertiser activity.
Analysts have raised their earnings estimates for Alphabet, with the Zacks Consensus Estimate increasing to $7.49 per share. The stock is also outperforming the S&P 500 over the past four weeks, indicating strong market momentum. Earnings are expected to grow 29% for the current fiscal year, with revenue projected to increase by 15%.
With its #1 (Strong Buy) ranking, positive earnings estimate revisions and market momentum, Alphabet could be an excellent addition to your investment portfolio. Whether you’re saving for retirement or college tuition or working towards other financial goals, this innovative tech giant has the potential to help you achieve solid returns. For more investment recommendations, consider downloading Zacks Investment Research’s 7 Best Stocks for the Next 30 Days report.