3 Reasons to Buy Alphabet Stock After Its Latest Price Drop – The Motley Fool
This company is in much better shape than its stock price suggests at the moment.
The big technology companies all reported their third-quarter earnings in the last week of October. Except for Apple — which continues to put up phenomenal numbers — all the tech giants reporting are trading down after posting disappointing results. Alphabet (GOOGL -3.87%) (GOOG -3.79%), the parent company of Google, YouTube, and Google Cloud, was no exception, with share prices down over 13% in the last few trading days. Investors are worried about slowing growth at YouTube and expenses rising faster than revenue, among other issues.
While there is clearly some short-term pressure on Alphabet’s earnings, the business is still in a great spot right now. Here are three reasons to buy shares of Alphabet after this latest price drop.
1. Google has a firm grip on search engine domination
Even with the rise of YouTube and Google Cloud, the majority of Alphabet’s business is still Google Search, its…
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