June 30, 2022  SEONews

Google Stock Is A Buy Amid Market Uncertainty (NASDAQ:GOOG) – Seeking Alpha


Thesis:

Alphabet Inc. (NASDAQ:GOOG, NASDAQ:GOOGL) is coming off its strongest year in FY21 along with many other ecommerce giants. Revenue, earnings, and free cash flow all came in at record highs. Many believe these figures were only achieved because of the Covid-19 pandemic, as many business owners and consumers had to transition to online sales and purchases. However, Alphabet’s market share and presence are undeniably massive, nearly monopolistic. The cloud and digital advertising markets have crushed forecasts and are growing at exceptionally high rates, and Alphabet has continued to produce impressive results. Alphabet’s market growth, track record of success, moat, and favorable share prices are the reasons I believe the company is still worth a buy amid market uncertainty.

(Note: All financial data is sourced from ycharts.com.)

Digital advertising growth is robust, and Alphabet is poised to capitalize on it:

According to data I could find on Statista, the global digital ad…

Read Full Story: https://seekingalpha.com/article/4521278-google-is-a-buy-amid-market-uncertainty

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