I’m Adding Alphabet Stock to My Watch List. Here’s Why – The Motley Fool
Alphabet is set to maintain its dominance for years to come.
After reaching an all-time high price of $149.84 in 2021 (taking into account the company’s 20-for-1 stock split a year ago), Alphabet‘s (GOOG 0.87%) (GOOGL 0.81%) stock has fallen by about 27%.
The lower share price piqued my interest in the company, and upon researching more, I discovered numerous reasons to like Alphabet — so much so that I’ve decided to keep the stock on my long-term watch list.
Alphabet has a dominant digital advertising business
Alphabet has become an integral part of our daily lives, offering access to a range of products, including Gmail, Google Drive, YouTube, Google Maps, and more. But despite the various services, the company still relies predominantly on its advertising business — mainly search engine — for the lion’s share of its revenue.
Thanks to its smart search algorithm, Google’s search engine is extremely popular among users because it gives users the most relevant search outcomes. So…
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source: https://news.oneseocompany.com/2023/05/14/im-adding-alphabet-stock-to-my-watch-list-heres-why-the-motley-fool_2023051444798.html
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