Published on 8 Apr 2024 on Zacks via Yahoo Finance

Alphabet Inc. (GOOG) Is a Trending Stock: Facts to Know Before Betting on It

Alphabet Inc. (GOOG) has recently been on Zacks.com's list of the most searched stocks. Therefore, you might want to consider some of the key factors that could influence the stock's performance in the near future.

Shares of this company have returned +13% over the past month versus the Zacks S&P 500 composite's +2.6% change. The Zacks Internet - Services industry, to which Alphabet belongs, has gained 13.1% 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.