Published on 15 Sep 2023 on Zacks via Yahoo Finance
Is Trending Stock Alphabet Inc. (GOOGL) a Buy Now?
Alphabet (GOOGL) has been one of the most searched-for stocks on Zacks.com lately. So, you might want to look at some of the facts that could shape the stock's performance in the near term.
Over the past month, shares of this internet search leader have returned +6.3%, compared to the Zacks S&P 500 composite's +0.5% change. During this period, the Zacks Internet - Services industry, which Alphabet falls in, has gained 5.3%. The key question now is: What could be the stock's future direction?
Although media reports or rumors about a significant change in a company's business prospects usually cause its stock to trend and lead to an immediate price change, there are always certain fundamental factors that ultimately drive the buy-and-hold decision.