Down 40% in 2022, Alphabet Is Ready for a Bull Run in 2023 – The Motley Fool
Investors should focus on the future rather than the past. That’s certainly what this company is doing.
Last year was a downright awful one for Alphabet (GOOG -0.25%) (GOOGL -0.25%) stock. Shares of the technology giant tumbled to the tune of 40%, mirroring the lousy performances dished out by most of its tech peers.
As we look back on 2022 though, it becomes clear the proverbial punishment doesn’t quite fit the crime. That is to say, while last year certainly presented fresh challenges for Google and YouTube’s parent company, the market overreacted. Alphabet is still a growth machine.
Investors should collectively remember and realize this reality once all the dust kicked up in 2022 starts to settle in 2023. In turn, that could spark a long overdue reversal of last year’s sell-off.
The new-and-improved Alphabet
Don’t misread the message. Enough of last year’s headaches are lingering into 2023. Amazon continues to win web advertising dollars that at one point would have easily been…
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source: https://news.oneseocompany.com/2022/12/31/down-40-in-2022-alphabet-is-ready-for-a-bull-run-in-2023-the-motley-fool_2022123138556.html
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