Building a successful investment portfolio takes dedication and hard work, regardless of your investment strategy. Whether you focus on growth, value, income, or momentum, it takes skill to create a well-performing portfolio.
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, offering a wide range of products and services beyond its search engine origins.
As one of the most innovative companies in the tech sector, Alphabet has expanded into cloud computing, ad-based video and music streaming, autonomous vehicles, and healthcare. With a dominant position in online search and a 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 and positive earnings estimate revisions, Alphabet could be a valuable addition to your investment portfolio. Whether you’re saving for retirement or college tuition or working towards other financial goals
