TipRanks analyst ranking service pinpoints Wall Street’s best-performing stocks including eBay and Booking Holdings.
Although a slowdown at YouTube may be an issue for investors to worry about, Raymond James analystbelieves there is much to like in GOOGL stock. First, Alphabet’s management explained that the issue with YouTube was the direct response ad type, which faced a tough comparison with the same quarter the previous year. However, the company believes that there is still a great opportunity in the direct response category.
Kessler also observed that the cloud business is also a major bright spot for Alphabet, noting that the business is gaining momentum. According to the analyst, Alphabet’s Other Bets, which include self-driving unit Waymo, also have a promising future. Alphabet’s $70 billion boost to its share repurchase program also caught Kessler’s attention. The new plan is in addition to the roughly $4 billion remaining under its previous repurchase program, the analyst noted.
Kessler is ranked at No. 88 out of nearly 8,000 analysts in the TipRanks database. His stock ratings have been correct 65% of the time, with an average return of 19% per rating.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Buffett compares Wall Street to gamblers, would trust 'monkeys' over financial advisersCharlie Munger said a financial adviser's contribution is to take $50,000 of an investor's net worth upfront.
Read more »
Why aiming for a 'soft landing' for the economy doesn't guarantee one for Wall StreetThe Dow Jones Industrial Average and S&P 500 index booked their sharpest monthly percentage fall since March 2020. The ongoing carnage in once highflying tech stocks also handed the Nasdaq Composite Index the steepest monthly plunge since October 2008.
Read more »
Goldman Sachs offers first Bitcoin-backed loan as Wall Street embraces cryptoInstitutions are finding more ways to integrate Bitcoin. Goldman Sachs has offered its first Bitcoin-backed loan, showing further signs of increased interest in cryptocurrency from Wall Street institutions.
Read more »
Meet The Jackie Robinson Of Wall StreetIn 1987, a little-known New York lawyer became a master of the universe when he led a takeover of Beatrice, creating the first Black-owned billion-dollar company.
Read more »
First Alert Forecast: Wall-to-wall sunshine Saturday, temps climb into 60sFirst Alert Forecast: Winds are much calmer than the past couple of days, so it's a great day to be outdoors. Watch JohnElliottTV's forecast:
Read more »