Alphabet Stock Is Cheaper Than the S&P 500 Index. Here's Why It's Time to Load Up.
The headline of this article says it all: Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL) stock is cheaper than the S&P 500 (SNPINDEX: ^GSPC) index. It might seem a bit odd that a dominant tech company would fall behind the valuation of a broad market index, but that is exactly what happened.This provides investors a rare opportunity to scoop up a best-in-class business for cheap and quells fears of potentially buying a significantly overvalued stock. I think it's time to load up on shares (if you haven't already), as Alphabet's stock is primed to deliver market-beating returns.Alphabet's primary business is one of the most dominant in the world: Google. Many people surf the internet using the Google search engine, and Alphabet has built an incredible advertising business on top of that. In Q4, Google search generated more than $48 billion in revenue. Although its growth wasn't super-fast by any means, it still rose 12.5% year over year, a strong pace for a mature business unit. Continue reading
The headline of this article says it all: Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL) stock is cheaper than the S&P 500 (SNPINDEX: ^GSPC) index. It might seem a bit odd that a dominant tech company would fall behind the valuation of a broad market index, but that is exactly what happened.
This provides investors a rare opportunity to scoop up a best-in-class business for cheap and quells fears of potentially buying a significantly overvalued stock. I think it's time to load up on shares (if you haven't already), as Alphabet's stock is primed to deliver market-beating returns.
Alphabet's primary business is one of the most dominant in the world: Google. Many people surf the internet using the Google search engine, and Alphabet has built an incredible advertising business on top of that. In Q4, Google search generated more than $48 billion in revenue. Although its growth wasn't super-fast by any means, it still rose 12.5% year over year, a strong pace for a mature business unit.
