A well-performing investment portfolio requires dedication and skill, regardless of your investment strategy. Whether you focus on growth, value, income, or momentum, it takes effort to create a successful 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. As a leader in the tech industry, Alphabet offers a wide range of products and services beyond its search engine origins.
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, the company 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.
Given its #1 (Strong Buy) ranking, positive earnings estimate revisions, and market momentum, Alphabet could be a valuable addition to any investment portfolio. Whether you’re saving for retirement or other financial goals
