Investing in the stock market requires a combination of skill and hard work. No matter your investment strategy, it takes dedication to create a successful portfolio. Whether you focus on growth, value, income or momentum, building a well-performing portfolio is no easy feat.
One company that has recently been upgraded to a Zacks Rank #1 is Alphabet, also known as Google. This unique stock-rating model highlights stocks with positive earnings estimate revisions and high institutional investor interest. Alphabet is a leader in the tech industry and offers a wide range of products and services beyond its search engine origins.
Alphabet has expanded into cloud computing, ad-based video and music streaming, autonomous vehicles, and healthcare. With a dominant position in online search and strong market presence, Alphabet continues to see growth in user adoption and advertiser activity. Analysts have raised their earnings estimates for Alphabet, with the Zacks Consensus Estimate increasing to $7.49 per share. Earnings are expected to grow 29.1% for the current fiscal year, with revenue projected to increase by 15%. The stock has also outperformed the S&P 500 over the past four weeks, indicating strong market momentum.
With its #1 (Strong Buy) ranking, positive earnings estimate revisions and market momentum, Alphabet could be a valuable addition to your investment portfolio. Whether you’re saving for retirement or college tuition or other financial goals, Alphabet has the potential to help you achieve solid returns