Published on 22 Nov 2022 on Zacks via Yahoo Finance
Is Trending Stock Alphabet Inc. (GOOGL) a Buy Now?
Alphabet (GOOGL) is one of the stocks most watched by Zacks.com visitors lately. So, it might be a good idea to review some of the factors that might affect the near-term performance of the stock.
Shares of this internet search leader have returned -6.8% over the past month versus the Zacks S&P 500 composite's +5.4% change. The Zacks Internet - Services industry, to which Alphabet belongs, has lost 4.7% over this period. Now the key question is: Where could the stock be headed in the near term?
While media releases or rumors about a substantial change in a company's business prospects usually make its stock 'trending' and lead to an immediate price change, there are always some fundamental facts that eventually dominate the buy-and-hold decision-making.