Here's Why I Just Bought the Dip on Alphabet Stock
Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL) is one of the most dominant companies in the world. It practically owns the search engine market with Google. Billions of people use Google to find what they need on the internet, and the advertising it serves to them along the way has made it one of the most lucrative brands in the world.However, like any other company, Alphabet is subject to ups and downs. After it reported its fourth-quarter earnings, the stock dropped by around 7%. Clearly, the market didn't like what it heard, but I saw this blip as a buying opportunity. The reasons why I bought the stock had nothing to do with its latest results -- I'm more concerned about its long-term trajectory.Alphabet may be Google's parent company, but it also owns other massive brands such as YouTube, Android, and Waymo. These are strong businesses with huge potential.Continue reading
Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL) is one of the most dominant companies in the world. It practically owns the search engine market with Google. Billions of people use Google to find what they need on the internet, and the advertising it serves to them along the way has made it one of the most lucrative brands in the world.
However, like any other company, Alphabet is subject to ups and downs. After it reported its fourth-quarter earnings, the stock dropped by around 7%. Clearly, the market didn't like what it heard, but I saw this blip as a buying opportunity. The reasons why I bought the stock had nothing to do with its latest results -- I'm more concerned about its long-term trajectory.
Alphabet may be Google's parent company, but it also owns other massive brands such as YouTube, Android, and Waymo. These are strong businesses with huge potential.
