1 Ultra-Cheap "Magnificent Seven" Stock Investors Can't Afford to Ignore
This company continues to grow at a respectable pace.
The "Magnificent Seven" stocks have been some of the best performers in the market over the past five years and represent a significant portion of the large-cap tech stocks. While some may think these stocks are expensive, one doesn't fit that narrative: Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL).
Alphabet's stock looks cheap compared to its peers and the broader market. However, its growth is similar to that of its peers, so this imbalance doesn't make much sense. As a result, I think the company can be one of the top performers of this cohort, because the combination of value and growth doesn't commonly occur.
Alphabet is the parent company of Google, YouTube, Android, and many other brands. While it has its fingers in many industries, the biggest revenue driver is advertising. It makes up around three-fourths of total revenue, so as long as its advertising platform stays at the top, its business will continue thriving.
