Is Alphabet a No-Brainer Bargain Buy Right Now?
Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL) has delivered great gains to investors over time -- advancing 600% over the past decade, for example, and rising in the double digits just last year as investors piled into the biggest tech stocks. The owner of top search engine Google also has an established track record of earnings growth, making it a company investors know they can count on over time.So you might expect to pay a lot to get in on Alphabet shares today. But this tech powerhouse, after a pullback in the shares in recent days, right now is trading at its lowest level in months. Why the decline? Investors were disappointed when Alphabet's quarterly revenue missed analysts' estimates -- and capital spending plans exceeded estimates.Now, let's consider whether we, too, should worry about the company's latest announcements -- or if this tech giant is a no-brainer bargain buy.Continue reading
Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL) has delivered great gains to investors over time -- advancing 600% over the past decade, for example, and rising in the double digits just last year as investors piled into the biggest tech stocks. The owner of top search engine Google also has an established track record of earnings growth, making it a company investors know they can count on over time.
So you might expect to pay a lot to get in on Alphabet shares today. But this tech powerhouse, after a pullback in the shares in recent days, right now is trading at its lowest level in months. Why the decline? Investors were disappointed when Alphabet's quarterly revenue missed analysts' estimates -- and capital spending plans exceeded estimates.
Now, let's consider whether we, too, should worry about the company's latest announcements -- or if this tech giant is a no-brainer bargain buy.
